June 29: The Gujarat government has announced a target of attracting ₹10 lakh crore in fresh investments over the next five years under its new industrial policy, aimed at further strengthening the state’s industrial base and boosting economic growth.
The policy is designed to accelerate industrial expansion, enhance manufacturing capabilities, and generate large-scale employment opportunities across diverse sectors. Officials said the framework focuses on improving ease of doing business, upgrading infrastructure, and encouraging innovation-led development.
Key focus areas include manufacturing, renewable energy, chemicals, pharmaceuticals, electronics, and emerging technology sectors. The policy also places emphasis on sustainable growth and balanced regional development across urban and rural regions of the state.
Government representatives said the initiative will simplify investment procedures, provide targeted incentives, and strengthen industrial infrastructure to attract both domestic and global investors.
Experts believe Gujarat’s strong industrial ecosystem, logistics advantages, and pro-investor environment position it well to achieve the ambitious target, supporting long-term economic growth and job creation.