Gujarat is home to just 6% of India’s land area and 5% of its people, yet despite this, authorities say the state has developed into a major hub for the nation’s growth, drawing in international corporations for business.
According to the Vibrant Gujarat Global Summit (VGGS) official website, the state has around 100 private industrial parks and over 200 industrial estates.
The state’s biannual investors’ conference, VGGS, is set to take place for the tenth time in Gandhinagar, the capital, next month.
According to the website, the state has also launched various sector-specific industrial parks to further bolster sector-specific investments and infrastructure.
“I have always maintained that Gujarat’s progress determines the country’s progress. The state is home to the biggest international corporations in the world, including more than 100 Fortune 500 firms. These include Hitachi, Toyota, Suzuki, Honda, and many more,” recently said Prime Minister Narendra Modi.
Maruti Suzuki India Limited‘s executive director of corporate affairs, Rahul Bharti, explained the company’s investment in Gujarat. The state administration is aware of the real concerns investors have.
Future progressive policies, ease and speed of conducting business, and a strong infrastructure are all provided by the Gujarati government. For that reason, the Suzuki Group and its vendor partners have made over Rs 28,000 crore in investments in the state, creating jobs for over 1 lakh people, according to Bharti.
Christian Scherrer, the CEO of Airbus International, has praised investment in Gujarat.
“We take the faith and confidence that the Indian government has placed in Airbus very seriously and with humility. The most reputable and trustworthy partner is Airbus. Additionally, our two businesses will collaborate to construct a first-rate final assembly line in Gujarat,” he said.
The $2.75 billion factory that chip giant Micron Technology said it will build in Sanand, close to Ahmedabad, is the result of the state’s semiconductor strategy, according to authorities.
Gujarat is a Western Indian state that produces a lot of goods both industrially and agriculturally. The main agricultural goods produced in the state are milk and milk products, cotton, dates, groundnuts, and sugar cane.
Gujarat has long held the view that infrastructure would spur economic development across a range of industries and improve social welfare. The nation’s first state to pass legislation establishing a PPP framework for the infrastructure sector is Gujarat. The Gujarat Infrastructure Development Board is this organization (GIDB).
