Hyderabad, Dec 17(FN Agency) Aiming to shape India’s next star unicorns from Gujarat, Gujarat Revenue Minister Rajendra Trivedi on Friday invited the industrial leaders across all the sectors to invest and expand their business in the state and avail the benefits and incentives being offered by the government. Addressing at a road show conducted here as part of the forthcoming 10th edition of Vibrant Gujarat Global Summit (VGGS) 2022 to be held in January next year, Mr Trivedi said the Gujarat Government is keen to scale up investments in next-generation infrastructure, energy and digital networks, emerging technologies, financial technologies (fintech), startups and innovation, electric vehicles, research and development, knowledge exchange, exports, tourism and financial services. The State will also benefit from the upcoming ‘Dedicated Freight Corridor’ (DFC) and ‘Delhi Mumbai Industrial Corridor (DMIC), he said. Inviting investors, the Gujarat Minister said the VGGS 2022 presents a unique business opportunity for them.
The roadshow was held in partnership with the Confederation of Indian Industry (CII). Prime Minister Narendra Modi will inaugurate the Vibrant Gujarat Global Trade Show (VGGTS) on January 9 and the VGGS 2022 at Gandhinagar on January 10. The three-day VGGS will conclude on January 12 and the Trade Show on January 13. To enhance ‘Ease of Doing Business’, the Gujarat Government has created portals for Land Bank and Investor facilitation, he said the State’s agency, iNDEXTb, has dedicated investor relationship officers and country desks to handhold and facilitate investors. The mega industrial infrastructure projects of Dholera SIR and GIFT City will drive the next wave of growth in Gujarat, the Minister said GIFT City hosts India’s maiden International Financial Service Centre (IFSC) Authority and an International Bullion Exchange. It offers unified banking, insurance, offshoring and capital markets services. On the other hand, Dholera SIR is India’s first and largest Greenfield Industrial Investment Region and Smart City, Mr Trivedi said three of the state’s cities – Surat, Ahmedabad and Vadodara – feature high in India’s Smart City Ranking.
Since Telangana also has diverse industries like pharmaceutical, auto components industry, spices, mines and minerals, textiles and apparels, horticulture and some of the leading industrialists have established their manufacturing units in the state, he said. The Minister said Telangana is also known as the Start-up State of India and has more than 6000 startups registered and more than 3000 incubatees established in the state. Gujarat is also reviving its Start-up & Innovation Policy and IT & ITeS Policy to encourage and support the existing IT firms to expand their business in Gujarat as well as to young entrepreneurs to set up their innovative businesses in the State, he added. Mr Trivedi asserted, “Being true to its entrepreneurial spirit, Gujarat is home to leading startups mentorship institutes such as iHub, iCreate and Entrepreneurship Development Institute of India (EDI).