In a manor boost to the state economy, the Gujarat government on Thursday said that under the visionary guidance of Prime Minister Narendra Modi and the dynamic leadership of Chief Minister Bhupendra Patel, Gujarat has emerged as a symbol of industrial growth and economic progress as it got 86 per cent of the equity inflow since 2000. With a robust policy framework, world-class infrastructure, and strategies focused on attracting global investment, Gujarat continues to set new benchmarks in Foreign Direct Investment (FDI) inflows.
A recent achievement reflecting the investor-friendly visionary policies of Modi has come to light. As per the latest report released in December 2024 by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, a staggering 86 per cent of the total FDI equity inflow into Gujarat from April 2000 to September 2024 was recorded in the last decade, between April 2014 and September 2024, the state government said. It said that to put this into perspective, Gujarat attracted only US$ 9.51 billion in FDI equity inflow from April 2000 to March 2014.
However, from April 2014 to September 2024, the state made a significant leap, achieving US$ 57.65 billion in FDI equity inflows, it said. “This accounts for 86 per cent of the total FDI equity inflow of US$ 67.16 billion into Gujarat over the past 24 years. These figures underscore Gujarat’s exceptional performance under the leadership of the Prime Minister and reflect the unwavering confidence of investors in the state,” it said. It further po8nted out that the Gujarat’s FDI equity inflow surpassed national average in Financial Year 2024-25.
According to the DPIIT report, Gujarat witnessed a remarkable surge in FDI equity inflows during the first half of FY 2024-25. The inflows rose from US$ 2.29 billion in FY 2023-24 to US$ 3.95 billion in FY 2024-25, registering a growth of 72.5 per cent, the state government said. During the same period, the national FDI equity inflows increased from US$ 20.49 billion to US$ 29.79 billion, registering a 45.4 per cent growth. “These figures highlight Gujarat’s significant outperformance compared to the national average, reinforcing its position as a premier investment destination,” it highlighted.
The DPIIT report also underscored that from April 2000 to September 2024, India received a total FDI inflow of US$ 1.03 trillion, showcasing the country’s economic growth and the rising confidence of global investors. “Out of this, India recorded FDI equity inflows of US$ 708.65 billion over the past 24 years,” it said. Gujarat has played a pivotal role in this achievement, attracting US$ 67.16 billion in FDI equity inflows during this period, which constitutes 9.5 per cent of India’s total FDI equity inflow. “Notably, in the last decade (April 2014 to September 2024), Gujarat achieved record-breaking FDI equity inflows of US$ 57.65 billion, accounting for 11.7 per cent of the US$ 492.27 billion received by the country during the same period,” it said.
It emphasised that Gujarat’s success is a testament to its policy stability, innovation, and consistent efforts to enhance ease of doing business. “The state has not only attracted investments in traditional industries but also in emerging sectors such as renewable energy, semiconductors, electronics, and IT/ITeS, firmly placing itself on the global investment map,” it said. The state’s skilled workforce and platforms like the Vibrant Gujarat Global Summit have further positioned Gujarat as a preferred investment hub. Together, these factors have made Gujarat a cornerstone of foreign direct investment in India, it added.
