Vibrant Gujarat to go without ‘investment figures’
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The inaugural summit in 2003, which was held in backdrop of 2002 riots, to re-establish Gujarat as investment destination, the investment pledge became the selling point for the Narendra Modi government for its growth story. In successive summits, increased number pledged investment was used as measure for Gujarat as most preferred investment hub globally.
'Focus on best technologies to fuel growth'
The state government on Friday said, "FDI is required when saving rate is not so great. Like in case of India as a whole, at national saving rate of 26 per cent, FDI is a requirement to fuel growth. Against this, Gujarat, as a state with 37 per cent saving rate, do not require FDI," said Principal Secretary Maheshwar Sahu, adding, "Our focus is to get agreements on best technologies and practices to fuel the growth".