After Japan, Gujarat attracts FDI from China, South Korea and Taiwan

Taiwanese companies have evinced an interest in investing close to $3 bn in Mundra in refinery and petrochemical projects

After growing by four times when compared to FY14 levels, foreign direct investment (FDI) to Gujarat continues to grow. While Japan has led the FDI growth in Gujarat in recent years, Asian countries like Taiwan, China, and South Korea are also lining up investments in the state. 

According to sources in the state government, around five or six Taiwanese companies have evinced an interest in investing close to $3 billion in Mundra in refinery and petrochemical projects. "This would be the first phase of investments planned. In the second phase, around 25 Taiwanese companies have sought land for setting up a