Excelsior Correspondent
JAMMU, Jan 23: Gujarat has emerged as a leader in attracting Foreign Direct Investment (FDI), with a remarkable 86% of its total FDI equity inflows of USD 67.16 billion occurring in the last decade alone.
As per a statement, between April 2014 and September 2024, the state received USD 57.65 billion in FDI, highlighting its strong position in the Indian economy.
Under the leadership of Prime Minister Narendra Modi and Chief Minister Bhupendra Patel, Gujarat has developed a business-friendly environment that promotes industrial growth and investment, the statement said.
Quoting the recent data from the Department for Promotion of Industry and Internal Trade (DPIIT), it said, from April 2000 to March 2014, the state attracted just USD 9.51 billion in FDI.
“This figure stands in stark contrast to the last decade where the FDI inflow skyrocketed,” the statement said.
In the first half of FY 2024-25, Gujarat’s FDI equity inflow reached USD 3.95 billion, marking a significant 72.5% increase compared to USD 2.29 billion during the same period last year. This growth rate outstrips the national average of 45.4%, reinforcing Gujarat’s status as a top investment destination.
Overall, from April 2000 to September 2024, India drew a total of USD 1.03 trillion in FDI, with Gujarat contributing USD 67.16 billion, which accounts for 9.5% of the national total. Notably, Gujarat’s share in the country’s FDI inflows in the past decade has risen to 11.7%.
Gujarat’s success in attracting FDI can be attributed to its stable policies, strong infrastructure, and a skilled workforce. The state has diversified its investment portfolio, welcoming capital not only in traditional industries but also in emerging sectors such as renewable energy, semiconductors, and information technology.
With initiatives like the Vibrant Gujarat Global Summit further enhancing its appeal, the state continues to solidify its position as a key player in foreign direct investment within India.
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