Gujarat looks to lure global diaspora for investments

Mumbai

Gujarat will set up foreign desks in cities such as New York, Frankfurt, Dubai and Tokyo to attract its global diaspora to invest in the state, Chief Minister Anandiben Patel said here.

“Gujarati diaspora is present in huge numbers abroad and is always ready to invest in growth of the state. To institutionalise this, we have decided to start foreign desks in international cities of New York, Frankfurt, Dubai, and Tokyo,” Patel said while speaking at ‘Gujarat Investor Summit’ during the ongoing Make in India week in Mumbai.

“Our policies have always been industry-friendly and we have managed to attract both foreign and domestic investments through Vibrant Gujarat Summit (a biennial global business summit),” Patel said, adding Gujarat is a preferred investment destination for leading industrialists in the country.

Commenting on ease of doing business, Patel said, “Gujarat government has started a single-window system.”

A high-power committee has been set up to check on the implementation of MoUs and this is monitored at the chief minister’s level, she added.

The Department of Industrial Policy and Promotion’s (DIPP) statistics show that Gujarat is number one in investment proposals and investment implementations, the chief minister said.

Gujarat has a tremendous growth potential in petrochemicals, automobile and electronics manufacturing sector.

The state is known as the auto hub in the country, Patel said adding, “Automobile sector majors like Tata, Honda and Maruti have committed huge investment in the state.

Gujarat is also number one in chemicals and petrochemicals and has also attracted Rs one lakh crore investments in the last two years.”

She also said that a Start Up mission will be launched in line with the central government’s start up policy.

PTI