The Chairman Emeritus of Tata Sons Ltd, Ratan Tata, who has stepped down as Chairman of the group, reportedly said that those who had not invested in Gujarat were stupid.
At the Vibrant Gujarat Summit, Ratan Tata said "At present, we have invested or in the process of investing Rs 340bn in Gujarat."
'Today when investors look for locations to make investments, they would be looking for locations which are investor-friendly.Gujarat stands out distinctly in the country and the credit for it goes to Modi, "Ratan Tata was quoted as saying.
Among the Tata Group firms, Tata Motors has set up a small-car plant in Sanand in Gujarat.