Socio Economic Snapshot of Gujarat
Gujarat International Financial Tec (GIFT) City
GIFT City is India’s 1st operational Smart City, which houses India’s only International Financial Service Centre (IFSC), with world class infrastructure for offshore and international transactions in banking, insurance, and capital markets. It is a vertical city with integrated development on 886 acres of land with 62 Mn sq. ft. (5.5 million sq. mts.) of Built-Up area. GIFT City has a committed investment of USD 1.57 Bn with a work force of 10,000 professionals across 225 companies.
Delhi Mumbai Industrial Corridor (DMIC)
Delhi - Mumbai Industrial Corridor is one of the world’s largest infrastructure projects by Govt. of India with an estimated investment of USD 90 billion (~INR 6.4 lakh crore). It is planned as a high-tech industrial zone spread across six states over a 1,500 km long Western Dedicated Freight Corridor (DFC). Around 38% of the DMIC will pass through Gujarat with 6 of the 24 industrial nodes identified across the DMIC in Gujarat.
Preferred Investment Destination
Gujarat received Foreign Direct Investment (FDI) worth INR 2,39,025 Crore (US$ 31 billion) from October 2019 to March 2023.
Around 84% rise in FDI in FY 2022-23 compared to previous year, highest among all the States / UTs.
Gujarat accounted for 30% of the total Industrial Entrepreneur Memorandum (IEMs) implemented (INR 1,04,968 Crores / US$ 13 billion) in 2021, highest among all the States / UTs.
A Pioneering State with Many Firsts
Top Achiever position in National Startup Rankings for three consecutive years 2021, 2019 and 2018.
Ranked First in Good Governance Index 2021.
Top Achiever position in Logistics Ease Across Different States (LEADS) Index in 2022 and ranked first in 2021, 2019 & 2018.
On sustainability front as well, Gujarat is a Top Performer in NITI Aayog’s State Energy and Climate Index 2022.
Top Achiever in Ease of Doing Business 2020.
Ease of Doing Business
The Government of Gujarat, with its outstanding infrastructure, connectivity, and qualified workforce, has been taking several initiatives to improve the business climate in the state under the "Ease of Doing Business" (EODB) Initiative. Currently, following initiatives are being implemented under Ease of Doing Business.
Investor Facilitation Portal
Over 200 approvals / licenses pertaining to 18 departments available online https://ifp.gujarat.gov.in
Dedicated Investor Desks & Relationship Manager to handhold, facilitate and assist companies/ investors.
Gujarat Single Window Clearance Act 2017
Online issuance of approvals, clearances licenses, and certificates within defined timelines.
Digitized Land Bank
GIS-based map providing real-time information of industrial land parcels.
MSME Act 2019
Exemption to MSMEs from obtaining approvals for a period of 3 years; can start operations immediately.
Online Development Permission System (ODPS) 2.0 provides construction permission based on self-certification.
Policy Led Governance
Aatmanirbhar Gujarat Scheme for assistance to Industries 2022:
The Aatmanirbhar Gujarat Scheme for assistance to Industries 2022 is aimed to assist the State take lead in contributing to the larger vision of an Aatmanirbhar Bharat by envisaging Aatmanirbhar Gujarat. The objective of the scheme is to encourage budding entrepreneurs fulfill their entrepreneurial ambitions and encourage youth to innovate and become job creators, thereby creating large scale quality job opportunities. The Scheme provides assistance to MSMEs, Large industries as well as Mega Industries. Thrust sectors covered under this Scheme are Green Energy Ecosystem, Mobility, Capital Equipment, Metals and Minerals, Textile and Apparel, Sustainability, Agro Processing, Gems and Jewellery, Chemicals and Healthcare along with various sub sectors.
Ease of Living in Gujarat
Surat topped the Smart City Rankings, Ahmedabad won the Smart Cities Leadership Award (Smart City in India 2022)
3 cities from Gujarat among top 10 cleanest cities in Swachh Survekshan 2022: Surat ranked 2nd, Rajkot ranked 7th and Ahmedabad ranked 8th
Ahmedabad, Surat & Vadodara among top 10 cities in the Ease of Living Index (Million Plus Category)
Sports facilities with global standards & World’s Largest Cricket Stadium – Narendra Modi Stadium
State-of-the-art healthcare facilities and multi-specialty hospitals