Highlighting the vital role of Gujarat to India’s economy, Gujarat Investment Summit was organized on 16th February, as part of the Make in India week being held in Mumbai. The mega event is being organized by the Confederation of Indian Industry (CII) in partnership with Department of Industrial Policy and Promotion (DIPP) and the Government of Maharashtra.
This event is planned to promote the growth of the manufacturing sector by showcasing the potential of design, innovation and sustainability across the sector, through exhibitions and Country, State and Sector seminars.
The Gujarat delegation was led by Smt. Anandiben Patel, Hon’ble Chief Minister of Gujarat accompanied by Shri G R Aloria, IAS, Chief Secretary, Government of Gujarat and other senior bureaucrats. The state has also set up a large pavilion to showcase the investment opportunities across various sectors.
While addressing the Gujarat Investment Summit, Smt. Anandiben Patel, Hon’ble Chief Minister of Gujarat said that Gujarat is known as “Investment Gateway of India”. The Hon’ble Chief Minister mentioned that the Make in India is a very significant initiative taken by the Government of India aimed to accelerate the economic growth of the Country. Presently, India has become a most preferred destination for FDI.
Smt. Patel said that her government had announced policies pertaining to the Electronics, IT/ ITES, Textile Industry, Cottage Industry, Plastic industry, manufacturing and Tourism, MSME etc. Other upcoming policies are Aerospace & Defense, Agro food processing and Smart cities.
She also mentioned that the policies are Industry friendly and changes have been made in many existing policies for ease of doing business in Gujarat. “We have formulated a few committees for the implementation of the MoUs, which I personally supervise”, she further added.
Smt. Patel said that her government is promoting the MSME sector in Gujarat as they are the backbone of Economic growth. “We are setting up Women Park for women entrepreneurs”, she added.
Mr Arvind Agarwal, IAS, Additional Chief Secretary, Industry & Mines Department, Government of Gujarat said that Gujarat is a Policy driven State and Ranked number 1 in Ease of Doing Business 2015.
He mentioned that the “Pillars of Gujarat’s Industrial Leadership are Proactive & business friendly Government, effective and inclusive policies –for MSMEs and large industries, for VAT, capital subsidy, Interest Subsidy etc. Gujarat is a power surplus state, with the presence of entire value chain in key sectors –Textiles, Chemicals and Petrochemicals, Engineering, Automotive. It has enabling Infrastructure, Labor Peace and Very Competitive Labor Cost, Availability of Skilled Manpower and effective handholding of Investors. “Gujarat is consistently among the top 5 FDI Recipients” he further added.
Mr G R Aloria, IAS, Chief Secretary, Government of Gujarat said that “Gujarat becomes an engine for economic growth of India”. The State is committed for 2nd generation Reform in economy sector. “It is the State where very cordial relationship being shared between Industry and Labour. The percent of man-days lost in Gujarat due to labour strikes are less than 1% which is the lowest in the country. This is the added advantage of Gujarat” he said.
Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry said that The Gujarat growth model converges its sound fundamentals of talented human resource pool, long coastline, astute entrepreneurs, and age-old history of business. “Gujarat has been always a strong manufacturing hub of the country and leads in 15 out of 25 sectors, identified under Make in India campaign” he further added.
Mumbai
16th February, 2016