1、Discovering Gujarats Investment Potential:Policies,Hubs,and Industry BaseForeign Investment Climate in GujaratMajor Industries and Preferential Policies for Foreign InvestmentSpotlight on GIFT City Indias International Financial Services CenterPg 04Pg 13Pg 20Issue 53 April 2023|www.india-From Dezan

2、Shira&Associates IndIa BrIefIng Issue 53 April 20232IntroductionCreditsPublisher-Asia Briefing Media Ltd.Lead Editor-Melissa CyrillContributors-Krishan Aggarwal,Divyansh Shrivastava,Nidhi Mittal,Koushan DasDesigner-Aparajita ZadooGujarat,located in western India,is a favored destination for foreign

3、investors due to its pro-business environment,strategic location,diverse manufacturing base,education ecosystem,and sector-specific policies.Between October 2019 and June 2022,the state attracted foreign direct investment(FDI)exceeding US$30 billion,indicating its strong appeal to investors.The stat

4、e government is committed to enhancing its infrastructure and logistics connectivity to facilitate greater public and private sector investments.Additionally,new industry clusters and investment zones has made Gujarat a highly competitive base for large-scale enterprises and export-oriented manufact

5、uring.Gujarat also supports MSME enterprises through incentives and by promoting upstream business opportunities.Its industrial policies are frequently updated to incentivize emerging sectors and foster research and development capabilities.It is no surprise that Gujarat hosts more than 300 Fortune

6、500 companies.In this edition of India Briefing Magazine,we will discuss the key drivers of foreign investment in Gujarat,major sectors promoted in the state,and the preferential industrial policies that support them.Finally,we will spotlight GIFT City,Indias first international financial services c