Gujarat: The Investment Destination
GUJARAT : The Growth Engine of Gujarat Gujarat offers a model for Economic Progress and Development for the developing nations. Its significant contribution to Indian Economy has made India visible to a competitive market in spite of the downturn in World Economy. Emerging as ‘Investor friendly’ destinations in the country, Gujarat highlights a luxurious lifestyle of leisure, pleasure, business and Investments.
Why Business is Vibrant in Gujarat? : Business is a way of Life Inherited Entrepreneurial spirit The SEZ –Growth engines that can boost manufacturing, augment exports and generate employment SME Backbone of the economy.Sector playing a key role in shaping the manufacturing industry PPP – Public Private Partnership. A winning combination for Investments Led by visionary Political Leaders Government felicitates, encourages investment and holistic growth Gujarat is on forefront to promote Excellence
The Only State in India to emerge ‘Investor Friendly’ even in World Economy Downturn :
Gujarat emerges to be an Industrial hub with India’s most
The 2009 Vibrant Gujarat
Industrialised State. Gujarat pays a 27% tax of India. With Vibrant
Investor’s meet, turns Gujarat as
Gujarat Summits, it is evident that Gujarat has the highest success
Investors’ Paradise, the focus
rate of projects implemented in the Country.
areas range from various Industries as per:
Gujarat’s Industrial Policy 2009 is geared for catalyzing Robust, Sustainable and Inclusive Growth. The Industry in Gujarat has
Investor's Paradise – Focus
evoked new models of development. Enhancing IRs and SIRs
Areas
while traversing through Product Clusters, Industrial Estates, Industrial Parks and SEZ, these phases have met with success
Biotech and Pharma
and co-exist as Gujarat plunges to expansion with Business
Chemicals and Petrochemicals
growth. Increasing Industrial activity in Gujarat has led to vast
Development and Environment
Business Resources and immense prosperity for the people of
Engineering and Auto
Gujarat.
Food and Agriculture business Gas, oil and Power
Chemicals, Petrochemicals and Pharmaceuticals
Gems and Jewellery
Gujarat is India’s ‘Petro Capital’ State with 30% of Petrochemicals,
Information Technology
50% Chemicals and Pharmaceuticals business. Ranking on top in Marine
Production,
Fisheries
and
Ports,
the
state
has
manufacturing India’s 90% soda ash, 70% salt and 20% caustic
The growth engines that have been defined include:
soda. Petroleum and chemicals and Petroleum Investment Region (PCPIR) is being set up at Dahej which may further add to strengthen the sector base.
Primary Agriculture and Fisheries,
Gujarat is the hub of Pharmaceutical Industry, the most developed
Chemicals,
and cost competitive sector with over 3245 manufacturing licenses
Pharmaceuticals,
and 42% of India’s pharmaceutical turnover and 22 % of India’s
Agro Processing,
exports.
Gems and Jewellery, Textiles and Apparels,
Agro and Food processing
Engineering and Auto,
Gujarat tops Agri Growth table at 9.6% with Agriculture
Ceramics,
Infrastructure achieving maximum growth between 2007-2008. The
Mining and Infrastructure,
state government offers financial support and incentives for agro
Information and Communication
industrial projects under the ambit of infrastructure, marketing,
Technology,
research and development and facilitation of projects. The agro &
Knowledge,
food processing industry in Gujarat is well established in terms of
Tourism,
natural resources, skilled labour, enterprising farmers and a strong
Retail and Traditional Services.
marketing network. Gujarat is on Development of Agro Export Zones. The state has initiated a provision for providing support to
private sector industries, apex cooperative institutions and Agriculture Product Marketing Committees (APMCs) for setting up of Centres of Excellence/ Specific Crop Development Institutes
Textiles and Apparels Known as the Manchester of the East and Denim City, Gujarat’s six percent of total Industrial Production comes from textile industry. It is the largest producer (35%) and exporter (60%) of cotton and is the third largest denim producer in the world. It offers India’s 12% textile exports.
Gems and Jewellery Gems and Jewellery Business in Gujarat is the fastest growing sectors in the country. Supported by Policy Initiatives by the Government, in addition to cutting and polishing of Diamonds, processing and jewellery design has also gained prominence. Hand made, traditional and modern designs with skilled labour, Gujarat has the distinction of second largest producer of Gold Jewellery with 85% contributing share to national jewellery production. Gujarat contributes 80% to Diamond Exports.
Port Led Development The Port Led Development has taken pioneering Initiatives to Port Infrastructure Sector. A key factor expected to influence the creation of Business opportunities along the ports is the DMIC (Delhi Mumbai Industrial Corridor) which will have excellent connectivity to non major ports (Mundra, Pipavav, Dahej, Dholera, Hazira and Maroli). This will facilitate movement of Cargo between the Ports and the States, through which DMIC passes.
Automobile sector & Engineering The Vibrant Summit has catapult immense growth for the automobile cluster. Low cost, low risk and high efficiency Auto cars and car component units set its pace in Gujarat. The Nano Car, Sanand and CEAT company’s new radial tyre plant in Halol are evident to fact that the Automobile sector is bound to emerge as significant contributor to massive employment generation. Even, General Motors Car manufacturing unit at Halol indicates Auto Hub Growth Sector.
Investment Opportunities
Gujarat: Only State in India to emerge ‘Investor Friendly’ even in World Economy Downturn
We cannot promise you the moon, but we promise you the platform from where, you can reach the heights of success – CM Narendra Modi
Gujarat, the Growth Engine with Business Resources, offers
Following are the Identified
tremendous Opportunities for Investment as it is the most
Investment Opportunities in Gujarat:
preferred location for Industrial Investment in the Country. It is the
home
for
Dynamic
Industrialists
and
Business
Industrial Projects Agro Based & Food Processing
Entrepreneurs. Several factors influence Investment Opportunities in Gujarat
Industry Chemical & Petrochemicals
depending on Investment Environment:
Information Technology Availability of Natural Resources
Mineral-Based and Allied Industries
Gujarat is rich in its mineral base. It has a sharp growth in
Plastic and Allied Industries
Agriculture
Port-Related Activities & Infrastructure
at
9.6%
expansion
in
farm
production.
A
‘petrocapital’ State with Industry depending on availability of
Textile & Apparels Industry
natural resources which are in abundance in the state.
Gems and Jewellery Other Sectors
Manpower Gujarat excels in skilled manpower. Gujarat has amongst the
Tourism Development Projects
least mandays lost – 0.6 per cent of the country’s total.
Infrastructure With Focus on SIRs (Special Investment Regions)
Availability of Natural Resources
Development and Environment
Gujarat is rich in its mineral base. It has a sharp growth in
Urban Development
Agriculture
Engineering and Auto
at
9.6%
expansion
in
farm
production.
A
‘petrocapital’ State with Industry depending on availability of
Bio Technology and Pharma
natural resources which are in abundance in the state.
Oil – Gas – Power Sector Social Infrastructure & HDI
Policy Measures and Incentives
Investment opportunities in Tourism
The support of a proactive government is key factor for rapid industrial growth. The Gujarat Government has undertaken several Policy measures and Incentives to attract large investments in various sectors. The Policies aim to promote overall development of the economy.
Economy Attractions At a time of the World Economy melt down, Global Investors envisage for safer Investments and fetch assured returns. Investors look towards India and Gujarat has been a preferred Investment Destination with Vibrant Gujarat Summit MoUs signed to overwhelming response with a whooping 12 lakh Crores.
Stable Leadership and Growth Policies With a Stable Leadership and Business environment, Gujarat is recognized as a front runner in proactive Governance with its progressive policies and incentives. Being among the first states to establish reformoriented policies has been a vital factor for creating a conducive environment for investors. Gujarat has
further launched specific policies that cater to the development of sectors such as ports, roads, biotechnology, IT, agriculture and minerals.
Enhancing Investments There is specific intervention across sectors which would facilitates in fostering significant growth. The IRs and SIRs are steered for ‘Model for Growth.’ The DMIC (Delhi-Mumbai Industrial Corridor) is strategically planned Project of the Government covering 1483 kms, of which, 546 kms long route covers Eighteen (18) Regions of Gujarat. Gujarat Government has incredible development plans under this Project.
Partnering Strengths The PPP model is encouraged by Gujarat Government in Infrastructure Sector to leverage entrepreneur spirit of Gujarat and have multiple effects on Government efforts. Mega Projects and Innovative Projects are also being encouraged by the State. This aims for Investors Paradise as Partnering strengths are Growth Propellers.
Investment Share & Implementation of Projects Investment in Gujarat counts a major share in India’s Investment ratio. In last five years, Gujarat’s Development share is 10.30% and as per RBI survey (2008), 22 percent Investments opportunities are envisaged for 100 projects with over Rs.62.442 Crores Investment which lead to 15 Billion $US, rating Gujarat as One State in India.
Gujarat – Tops in Investment with
22%
Maharashtra
12.7%
Orissa
10.9%
Andhra Pradesh
8.5%
Chattisgarh
6.2%
Karnataka
3.7%
Other States
30.5%
Gujarat also projects 50 percent actual implemented Projects, making it the most Industrialized envisaged Investment Opportunity Hub through the Vibrant Gujarat Summits. In a span of 17 years from 1991-2008, Gujarat gave a share of 12.91 percent Projects with over 125.03 Billion Dollars as compared to other states.
Envisaged Projects 12.91
Gujarat
%
Maharashtra
Chattisgarh
10.78 % 12.15 %
Orissa
11.35%
Andhra Pradesh
7.95 %
Karnataka
7.88%
Tamilnadu
4.51%
Uttar Pradesh
4.30 %
Jharkhand
6.58%
West Bengal
5.50%
Other States
16.07%
Gujarat Government’s efforts have seen a new light in Corporate World who have a keen eye on Gujarat’s Development. Investors have ample business opportunities in various Projects.
Vision 2010 for Proposed Investment Program (2000-2010) by Gujarat Infrastructure Agenda: (As on May 2009) 380 + Projects with Investment envisaged upto Rs. 116,993 Crores. Some of the highlighted Sectors:
Ports
Townships
Power
Urban Transport
Roads
Water supply and sanitation
Industrial Parks
