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"Report by Associated Chambers of Commerce and Industry in India lauds development in Gujarat"
"Gujarat tops list of states with highest share of outstanding private sector investment (both domestic and foreign): ASSOCHAM"

In yet another recognition of the dynamism and development in Gujarat, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has stated that Gujarat tops the list of states with maximum share of outstanding private sector investment (this includes both domestic and foreign private sectors) across India. The data is as of June 2012.

Record Investment Generated, Private Sector Shines!

ASSOCHAM data points out that Gujarat received total investments worth Rs. 14.8 lakh crore of which private sector investment is Rs. 10.3 lakh crore, giving it a 70% share in total investments across Gujarat.

ASSOCHAM further shared that Gujarat has received 12% of total private investment across the nation, which is the highest among all Indian states.

Bureaucratic efficiency, infrastructure among key factors

While releasing the study, senior functionaries of ASSOCHAM pointed out that private investments are decided by a number of factors most notably bureaucratic efficiency, infrastructure, easiness for land acquisition, tax concessions and exit policies among other things.

Gujarat scores impressively on all these fronts. Under the leadership of Shri Narendra Modi, the state has created a wonderful investment climate over the last decade drawing people from all parts of India and the world.

Gujarat among fastest developing states, its growth model most unique

ASSOCHAM is not the only reputed body that is lauding the development journey in Gujarat. Recently, Asia’s leading international brokerage firm CLSA lauded Gujarat’s development model and termed it as most unique. Its report ‘Gujarat: Growth to Sustain’ talks about the uniqueness of the Gujarat model and identifies some of the areas why it has succeeded.

It points out that Gujarat presents a growth model that is sustainable and takes note of the industry friendly policies of the state Government under Shri Modi that have attracted many industries and industrialists. CLSA notes the agrarian transformation of Gujarat, conventionally a state not known for success in agriculture.

Significantly, CLSA states that Gujarat’s strides in development are characterized by low reliance of central funds. This is in tune with what Shri Modi repeatedly says- that the credit for the development of Gujarat goes to its 6 crore people and not those who claim imaginary Hands in the state’s development.

Earlier in June this year, another CLSA publication ‘GREED & fear’ authored by renowned strategist Mr. Christopher Wood praised Gujarat’s growth story and contrasted it with the air of pessimism in New Delhi.

Red Carpet, not Red Tape is the way out: Shri Modi!

Today Gujarat has made a mark as a successful investment destination but behind the dazzling success is a vision and mission of Shri Narendra Modi to make the state a preferred destination for business and the growth engine of India! His Mantra is very clear- Gujarat’s growth for India’s growth.

Over the last decade Shri Modi took several steps that brought about a remarkable turnaround most notable one being the biennial Vibrant Gujarat Summits that have played an anchoring role in scripting the state’s economic progress.

In a recent interview with the Economic Times, Shri Modi made it very clear that when it comes to drawing investment our policy should be a red carpet rather than red tape. He stressed on the need for transparency in decision-making.

Talking about the uniqueness of the Gujarat Model he talked about how state Government’s efficiency, quality infrastructure and skilled labour drew leading auto companies to Gujarat, taking the state as the next auto hub.

King of Governance Narendra Modi offers the Big Idea, articulates a clear and coherent stand on economic issues!

It is this coherence on economic issues that has benefitted the people of Gujarat immensely. Writing in Firstpost, columnist Venky Vembu notes that in the economic sphere, “while the PM offers tired clichés, Modi offers a Big Idea- one that he has actually implemented in Gujarat with manifest success in recent years.

Similarly, Shashi Shkehar argues that Shri Narendra Modi articulates a clear and coherent stand on economic issues .

He has already been praised by several leading think tanks and international journals. A USA Congressional Think Tank called Shri Modi the ‘King of Governance’ while Brookings Institution lauded Gujarat’s growth. Financial Times lauded the growth in Gujarat and Wall Street Journal wrote that in a slow growing India Gujarat is a fast growing star. He became the first Indian Chief Minister to feature on the cover on TIME Magazine, with a story titled ‘Modi Means Business.’

These words by leading international bodies and reputed bodies such as ASSOCHAM illustrate how the state of Gujarat is surging ahead on the path of development, under the leadership of Shri Narendra Modi with the call of ‘Sabka Saath, Sabka Vikas’ (All together, growth for all).

Shri Modi addressing the Valedictory Function of Vibrant Gujarat 2011

 

Main References Cited:

http://economictimes.indiatimes.com/news/economy/finance/gujarat-gets-12-5-of-total-investment-share-in-india-assocham/articleshow/16966352.cms

http://www.thehindubusinessline.com/industry-and-economy/at-12-gujarat-tops-private-investment-list-assocham/article4034669.ece?homepage=true

https://www.narendramodi.in/the-country-can-progress-only-if-we-end-red-tapism-no-red-tape-only-red-carpet-is-my-policy-towards-investors-cm/

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MoS Dr. Jitendra Singh’s Statement after meeting with the political parties of Jammu-Kashmir under the leadership of the Hon'ble Prime Minister
June 24, 2021
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A discussion with the political parties of Jammu-Kashmir under the leadership of the Hon'ble Prime Minister has just ended. This has been a very positive effort towards the development and strengthening of democracy in Jammu-Kashmir. The meeting took place in a very cordial atmosphere. All the participants expressed their full allegiance to the democracy of India and the Constitution of India.

The Home Minister apprised all the leaders of the improvement in the situation in Jammu-Kashmir.

The Prime Minister listened to every party’s arguments and suggestions with all seriousness and he appreciated the fact that all the people's representatives shared their point of view with an open mind. The Prime Minister laid special emphasis on two important issues in the meeting. He said that we all have to work together to take democracy to the grassroots in Jammu-Kashmir. Secondly, there should be all-round development in Jammu-Kashmir and development should reach every region and every community. It is necessary that there should be an atmosphere of cooperation and public participation.

Hon'ble Prime Minister also pointed out that elections to Panchayati Raj and other local bodies have been successfully held in Jammu-Kashmir. There is improvement in the security situation. About 12,000 crore rupees have directly reached the panchayats after the conclusion of elections. This has accelerated the pace of development in the villages.

The Prime Minister said that we have to approach the next important step related to the democratic process in Jammu-Kashmir i.e. assembly elections. The process of delimitation has to be completed expeditiously so that every region and every section gets adequate political representation in the assembly. It is necessary to give a proper representation to the Dalits, backwards and people living in tribal areas.

There was a detailed discussion in the meeting regarding the participation of everybody in the process of delimitation. All the parties present in the meeting have agreed to participate in this process.

The Prime Minister also emphasized the cooperation of all the stakeholders to take Jammu-Kashmir on the path of peace and prosperity. He said that Jammu-Kashmir is moving out of the vicious circle of violence and moving towards stability. New hope and new confidence have emerged among the people of Jammu-Kashmir.

The PM also said that we will have to work day and night to strengthen this trust and work together to improve this confidence. Today's meeting is an important step for strengthening the democracy and the development and prosperity of Jammu-Kashmir. I thank all the political parties for attending today's meeting.

Thanks