INFOCUS|INDIA|STATE PROFILE
Brisk in Business, High on Tradition: Gujarat Gujarat is ranked as one of the topmost states for foreign investment and boasts of its excellent pro-business infrastructure and governance. With 80 per cent literacy level and a per capita income higher than the national average, the State has performed spectacularly in trade and commerce. From the days of the Harappan dockyard in Lothal to the modern day busy Kandla port Gujarat has always been brisk in business. Besides, being culturally rich, state also beckons lovers of folk tradition, folk music and traditional cuisine. Sreemoti Sengupta
An Investment Destination Gujarat, situated in the West coast of India, is a hot-spot destination for both investments and industries. Gujarat has established itself as a leader in various industrial sectors, including textiles, chemicals, petrochemicals, pharmaceuticals and auto. It is home to dairy products, gems and jewellery among others. Post-liberalization period has seen Gujarat’s State Domestic Product (GDP) rising at an average growth rate of 14 per cent per annum in real terms (from 1994–2002).In 2009-10, the state’s per capita income rose from INR 55,140, a year ago to INR. 63,961. ‘This was a rise of 16 per cent’, as highlighted by the state’s socio-economic review (2010-11) report.
|52| India-China Chronicle ƒ January 2014
Gujarat is hailed as the hub of the pharmaceutical Industry, the most developed and cost competitive sector with over 3245 manufacturing licenses ‘with 42 per cent of India’s pharmaceutical turnover and 22 per cent of India’s exports,â€? as per a report. The state is also called India’s ‘Petro Capital’ State with 30 per cent of Petrochemicals business. . With a coastline that stretches, 992 miles (1,596 km) long, marine SURGXFWLRQ ÂżVKHULHV DQG SRUWV DUH WKH highlights of the state. Gujarat gives the country about 78% of its national requirement of salt. It produces about 98% of soda ash, a chemical compound frequently used in manufacturing, industry, and households. Its capital Gandhinagar is one of the wellknown cotton-textile centers in India.
Known as the Manchester of the East and the denim city, six percent of Gujarat’stotal industrial production comes from the textile industry. It is the largest producer (35 per cent) and exporter (60 per cent) of cotton and is the third largest denim producer in the world. It accounts for 12 per cent textile exportsof India. Jalalpur is a large town of Gujarat, where several small and large textile industrial units have been established Automobile, Diamonds and More *XMDUDW LV RQH RI WKH ¿UVW IHZ states in India to have encouraged private-sector investment. In Vibrant Gujarat Global Investors’ Summit, year 2011, MoUs worth 21 trillion (US$ 463 billion) were signed. The automobile cluster is growing.