✔Gujarat Growth Model-Gujarat per capita income could reach $ 20000 by 2030.
✔Gujarat Growth Model-Gujarat has received total $1.5 trillion investment proposals 2003-2020.
Gujarat Growth Model and industrial policy.
We know Gujarat was most backward state,in year 2000-2001,Gujarat per capita income was just USD 175 ,below the national average USD 240.
Now Gujarat per capita income USD 3000 ,higher than the national average USD 2000.Gujarat and development have become synonymous over the last 2 decades.
Gujarat new industrial policy
We know Vibrant Gujarat Summits were initiated by Narendra Modi in 2003 when he was chief minister to attract investment to the state. Now Gujarat become a preferred investment destination within india....If all proposed investments 2003-20 were to be combined, the state has witnessed an investment commitment of over $1.5 trillion or Rs 100 lakh cr. The state has received multi billion dollar investment proposals from-Car industry, Textile, Steel, chemical, cement, tiles, fertiliser, petrochemical,vegetable oil,gems-jewelry, infrastructure development,mechinery and solar -wind power etc
Now state has launched a new industrial policy , Gujarat Industrial Policy 2020 to attract more investment.
✅1) Gujarat translates industrial policy into 8 foreign languages to attract FDI.
The state government has translated the Gujarat Industrial Policy 2020 into eight foreign languages, including English, in an attempt to reach out to foreign companies across the globe.
The policy published in August 2020 has been translated to German, Dutch, Spanish, French, Taiwanese, Japanese, Korean and English.....one of the biggest incentives of Gujarat govt to attract foreign investors.
Gujarat industrial policy2020 also translated in to 8 regional languages, including Hindi, Tamil, Telugu, Kannada, and Marathi.
✅ 2) April- September 2020 of FY 2020-21, Gujarat recorded highest FDI in the country of $16 billion or Rs 1.19 lakh crore. The FDI of the State has jump despite several global impact of Covid19. The state has accounted for 53% of the total FDI investment received that of the entire country.
✅ 3) Gujarat govt announce Special Incentives to companies planning to relocate from other countries.....specially from China.
✅Gujarat’s renewable energy capacity 12,000 MW...now has set a target of producing 30,000 MW of green energy by 2022.
Gujarat government expected $45billion or Rs 3 lakh crore investment in three years in solar and wind power generation projects.
I think Gujarat per capita income could reach $20000 from $ 3000 in next 10 years.
