After falling behind states like Telangana and Andhra Pradesh in the ease of doing business ranking, Gujarat is looking to take a leaf out of their books and attract investments in the aerospace and defence sector. The state government is set to notify the new Aerospace and Defence Manufacturing Policy 2016 ahead of the eighth Vibrant Gujarat Summit to be held in January 2017.
“We are finalising policies on defence and aerospace. All facilities required for defence and aerospace will be provided to them (companies). There has been a relaxation in foreign direct investment norms for defence, and foreign companies would require connectivity. Gujarat has ports, that is a big plus point, and they can export and import from there. We are forming policies based on those strengths,” Gujarat Chief Minister Vijay Ropani told BloombergQuint on the sidelines of the Vibrant Gujarat roadshow in Mumbai.