Gujarat: The Investment Destination

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1 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

2 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 Industrialised State. Gujarat pays a 27% tax of India. With Vibrant Gujarat Summits, it is evident that Gujarat has the highest success rate of projects implemented in the Country. Gujarat s Industrial Policy 2009 is geared for catalyzing Robust, Sustainable and Inclusive Growth. The Industry in Gujarat has evoked new models of development. Enhancing IRs and SIRs while traversing through Product Clusters, Industrial Estates, Industrial Parks and SEZ, these phases have met with success and co-exist as Gujarat plunges to expansion with Business growth. Increasing Industrial activity in Gujarat has led to vast Business Resources and immense prosperity for the people of Gujarat. Chemicals, Petrochemicals and Pharmaceuticals Gujarat is India s Petro Capital State with 30% of Petrochemicals, 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 soda. Petroleum and chemicals and Petroleum Investment Region (PCPIR) is being set up at Dahej which may further add to strengthen the sector base. Gujarat is the hub of Pharmaceutical Industry, the most developed and cost competitive sector with over 3245 manufacturing licenses and 42% of India s pharmaceutical turnover and 22 % of India s exports. Agro and Food processing Gujarat tops Agri Growth table at 9.6% with Agriculture Infrastructure achieving maximum growth between The state government offers financial support and incentives for agro industrial projects under the ambit of infrastructure, marketing, research and development and facilitation of projects. The agro & food processing industry in Gujarat is well established in terms of natural resources, skilled labour, enterprising farmers and a strong marketing network. Gujarat is on Development of Agro Export Zones. The state has initiated a provision for providing support to The 2009 Vibrant Gujarat Investor s meet, turns Gujarat as Investors Paradise, the focus areas range from various Industries as per: Investor's Paradise Focus Areas Biotech and Pharma Chemicals and Petrochemicals Development and Environment Engineering and Auto Food and Agriculture business Gas, oil and Power Gems and Jewellery Information Technology The growth engines that have been defined include: Primary Agriculture and Fisheries, Chemicals, Pharmaceuticals, Agro Processing, Gems and Jewellery, Textiles and Apparels, Engineering and Auto, Ceramics, Mining and Infrastructure, Information and Communication Technology, Knowledge, Tourism, Retail and Traditional Services.

3 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

4 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 tremendous Opportunities for Investment as it is the most preferred location for Industrial Investment in the Country. It is the home for Dynamic Industrialists and Business Entrepreneurs. Several factors influence Investment Opportunities in Gujarat depending on Investment Environment: Availability of Natural Resources Gujarat is rich in its mineral base. It has a sharp growth in Agriculture at 9.6% expansion in farm production. A petrocapital State with Industry depending on availability of natural resources which are in abundance in the state. Following are the Identified Investment Opportunities in Gujarat: Industrial Projects Agro Based & Food Processing Industry Chemical & Petrochemicals Information Technology Mineral-Based and Allied Industries Plastic and Allied Industries Port-Related Activities & Infrastructure Textile & Apparels Industry 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 at 9.6% expansion in farm production. A Engineering and Auto 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

5 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 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 , Gujarat gave a share of percent Projects with over Billion Dollars as compared to other states.

6 Envisaged Projects Gujarat Maharashtra Chattisgarh % % % 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 ( ) by Gujarat Infrastructure Agenda: (As on May 2009) Projects with Investment envisaged upto Rs. 116,993 Crores. Some of the highlighted Sectors: Ports Power Roads Industrial Parks Townships Urban Transport Water supply and sanitation