Gujarat State Focused on Startups and MSMEs : CM Rupani
Gujarat Chief Minister Vijaybhai Rupani recently said that the state has been focussing in the Startups, SMEs and job creation in major way.
“Gujaratis have excellent business acumen. And the contribution of the state in India’s economy has been exceptional. The state’s contribution in India’s GDP stands at 7%. Moreover, Gujarat’s stock market contribution is 30%. The numbers are testimony to the fact that Gujarat provides ease of doing business,” said Mr Rupani, speaking at FICCI’s National Executive Committee Meeting.
“While manufacturing is Gujarat’s strength, the state government has been focusing on infrastructure development. Gujarat is also one of the 25 focus centres listed under the Make in India movement. Also, from 2012 to 2018, foreign investment has increased to $ 20 billion,” he added.
Elaborating the state’s efforts to boost the MSME sector, Mr Rupani said, “Gujarat is the backbone of the MSME sector. We have seen a whopping 41% growth in the sector. The state government, is giving Rs. 1000 cr. as incentives apart from providing best infrastructure. “
It is the surplus power and industrial peace that are making Gujarat one of the best places to do business. Gujarat, a policy-driven state, has in the true sense become a land of opportunities, he added.
On the occasion, FICCI President Rashesh Shah said, “Gujarat continues to grow with focus on inclusive and sustainable development under the able leadership of Mr Vijaybhai Rupani. With growth in every sector, Gujarat has become a truly vibrant state. “
With a thrust on infrastructure and industrial development in Gujarat, FICCI has also seen great progress and we’re truly honoured to be partners of the Vibrant Gujarat Summit, which has become a benchmark for other states to emulate in terms of scale, participation, and business co-ordination, he added.