Gujarat Government identifies more than 200 infra projects for foreign investment

The Gujarat Government has identified more than 200 infrastructure projects for foreign investment. More than 200 infrastructure projects have been identified by the state government where there are investment opportunities for the companies, Bharat Lal, who is heading a high-powered Gujarat delegation, reportedly told a group of American investors during a road show in Chicago.   According to Ausaf Sayeed, Counsel General of India, Chicago, Gujarat is the most progressive and trend setting state in the country and is years ahead on their approach in attracting global fraternity or investors into the state.   Also, as per reports, Gujarat is keenly focusing on sectors such as agro and food processing, chemical and petrochemicals, IT and ITeS, healthcare, renewable energy and many others. According to Lal, the very culture of entrepreneurship that exists in Gujarat and the ethos of the government promotes business and industry as this creates opportunities for the people of not only Gujarat but the whole of India. And according to him, it is due to these characteristics that Gujarat has become a preferred destination of business.   Ajay Kumar Pandey, CEO, Gujarat International Finance Tec-City (GIFT City), reportedly said it is India’s first model smart city with world-class infrastructure, offering ease of doing business and numerous tax benefits to the companies who operate in the GIFT City.   The Gujarat delegation comprising of officials and business leaders is currently on a trip to the US and Canada wooing companies to attend the Vibrant Gujarat Summit in January 2017. More than 75 government officials and business leaders attended the roadshow organised by US-India Business Council (USIBC) and Federation of Indian Chambers of Commerce & Industry (FICCI) at the Baker McKenzie office.