Gandhinagar: The state govt said on Tuesday that Gujarat has attracted Rs 3.96 lakh crore in foreign investment and Rs 18.46 lakh crore as domestic investment in the last 10 years. It also said that Gujarat has emerged as the leading state to develop a single-window platform, the Investor Facilitation Portal (IFP), under the Ease of Doing Business (EoDB) initiative. IFP provides over 200 business-centric services across 18 state departments and to date, more than 20 lakh applications have been processed through this portal, an official statement said.
“Gujarat has emerged as a leading state in ease of doing business. The state attracted approximately Rs 3.96 lakh crore in foreign investment and Rs 18.46 lakh crore in domestic investment during the period from 2015 to 2024,” the statement said.
The statement said that under the Gujarat Right of Citizens to Public Services (RCPS) Act, 2013, a timeline has been defined for service delivery, which is regularly monitored by the district-level facilitation committee (DLFC). In addition, under the Gujarat MSME (Facilitation of Establishment and Operation) Act, 2019, all new MSMEs are exempt from obtaining state approvals for three years.
Thus far, the state govt has reduced 2,652 business-centric and 294 citizen-centric compliances, the statement said, adding that among these, 208 provisions related to minor offences affecting entrepreneurs have been decriminalised, removing the stipulations for imprisonment. Also, the state has decriminalised nine labour laws.
The govt said that it has also simplified the professional tax structure by bringing down the slabs from three to one. Under the new regime, individuals earning under Rs 12,000 per month are exempt from paying tax.
The statement said that the state revenue department has computerised over 8 crore handwritten land records and 2.43 crore hand-written mutation entries into the Record of Rights. In addition, 36 services are provided with online access through the Integrated Online Revenue Applications (iORA) portal under which more than 17 lakh applications have been processed so far.