'Vibrant Gujarat summits helped state get $55 bn FDI in two decades'

The biennial Vibrant Gujarat Global Summit, being organised by the Gujarat government since 2003, coupled with years of carefully-planned strategies and thoughtful implementation has helped the state garner a cumulative foreign direct investment (FDI) of USD 55 billion between 2002 and 2022, officials said. The Vibrant Gujarat Global Summit (VGGS) has grown in tandem with the state economy, and since its humble beginning, it has proved to be a gateway for foreign investment in the state, industry leaders said. The 10th edition of the VGGS, based on the 'Gateway to the Future' theme, will be organised in Gandhinagar from January 10 to 12. Addressing a Vibrant Gujarat roadshow in Hyderabad last month, state's Minister of State for Micro, Small and Medium Industries Jagdish Vishwakarma said a testimony to Gujarat's FDI-friendly policies is the fact that many Fortune 500 companies have invested in the state. "Gujarat contributes 8.3 per cent, approximately USD 282 Billion, to India's .