Following a review prompted by the ongoing investigation into the 2002 Gujarat riots, fDi has decided to present its award to Gujarat state, rather than Mr Narendra Modi, the state's chief minister.

fDi would like to clarify that the criteria of the award has always remained focused on rewarding the success of a region in attracting foreign investment.

The award is in recognition of Gujarat state’s ability to attract an outstanding volume of inward foreign investment. Gujarat increased that volume by more than 50% over the past year for a total of 10.3% of all foreign investment into India.

Mr Modi was chief minister of Gujarat at the time of the riots. Mr Modi’s alleged role in connection to the riots is under investigation but he denies any responsibility.

fDi has also decided to highlight the geographic regions of all the other winners. The magazine is keen to maintain its primary focus on reporting on the effectiveness of different economic regions and rewarding innovative and effective promotional strategies.