Gujarat and UP are among the top 5 Indian states for new investment in 2022–2023. According to an RBI study, these two states made 57.2% of all investment offers in the year. UP received most 2022–2023 investments, totaling Rs. 43,180 crore. Gujarat (37,317 crore) was second, followed by Odisha (11,810 crore), Maharashtra (7,900 crore), and Karnataka (7,300 crore).
Tamil Nadu (Rs. 6,100 crore), Telangana (Rs. 5,300 crore), Andhra Pradesh (Rs. 4,900 crore), and Madhya Pradesh (Rs. 4,500 crore) were the other states in the top 10.
According to the RBI report, these states’ focus on enhancing business accessibility, their sizable and expanding markets, and their advantageous location all contributed to the spike in new investments.
For instance, UP has been working hard to enhance its investment climate in recent years. The state has started a variety of programs to entice new enterprises, including the UP Startup Policy 2021, the UP Industrial Development Policy 2020, and the UP Investors’ Facilitation Portal.
Another state that has had success luring in new investors is Gujarat. The state is a desirable location for corporations due to its established infrastructure and qualified people. Gujarat also has a variety of Special Economic Zones (SEZs), which provide investors with a range of benefits.
An advantageous trend for the Indian economy is the spike in new investments in these states. It is anticipated to increase economic growth and provide new employment.
Conclusion:-
Gujarat and Uttar Pradesh (UP) accounted for 57.2% of new investment proposals in 2022-2023. The project cost Rs. 43,180 crore in UP and Rs. 37,317 crore in Gujarat. Tamil Nadu, Telangana, Andhra Pradesh, and Madhya Pradesh are also top 10. New investments increased due to these governments’ focus on business accessibility, markets, and desirable locations. The UP Startup Policy 2021, Industrial Development Policy 2020, and Investors’ Facilitation Portal recruit new businesses. Corporations like Gujarat’s Special Economic Zones, infrastructure, and qualified workers. This tendency should boost economic development and create jobs.
