Located on the western coast of India, Gujarat is a leading industrial state with a unique combination of strategic geographic location, state-of-the-art infrastructure, multilingual workforce and concentration of corporate and financial resources.
Gujarat, a state in western India has, since time immemorial, been renowned for its entrepreneurial spirit.
It is this inherent trait that has made Gujarat spearhead the Indian march for global economic superpower status.
With many natural and man-made plus points, Gujarat has earned the sobriquet of being the "Growth Engine of India".
Attractive geographical setting
Strategically located on the west coast of India
Gateway to the rich land-locked northern and central hinterland
Access to all major port-based countries, such as UK, Australia, China, Japan, Korea and Gulf countries, etc.
Longest coastline of 1,600 km.
Strong Economic Credentials
The economic growth indicators of Gujarat have been impressive with an achievement of an average annual growth rate of 10.4 % in the last five years, a figure that is higher than that of the "Asian Tigers". Gujarat contributes to 16% of the industrial production of the country and has also mobilised the highest share (12.7%) of the investments through lEMs in the country.
Accelerated yet Stable Reforms Process
• Present leadership is the original reformers
• Broad consensus on importance of reforms
• Reform momentum immune to changing leadership
Robust Economic Fundamentals
• Strong forex reserves
• Controlled inflation (WPI)
• Consistent currency appreciation
• Increasing aspirations
• Rising income and falling interest rates
Focus on Infrastructure Development
• Large investments with higher effectiveness: attracting further global interest
• Local transport
• Air-connectivity (domestic and international)
Business Friendly Regulatory Environment
Simplification of Procedures
Gujarat Investor Portal
Investor Support Software
Investment Monitoring System
Creation of Land Bank
Doing Business in Gujarat
Highly Skilled and Multilingual Workforce
Some of the India's premier institutes are located in Gujarat
Indian Institute of Management (IIM) for Management
Indian Institute of Technology (IIT) and DAIICT for Technology
NIFT and NID for Fashion & Design
Nirma and Gujarat Knowledge Society (GKS) for Knowledge
MICA for Communication
CEPT for Architecture
IRMA for Rural Management
NIPER for Pharmaceutical
Pandit Deendayal Petroleum University for Petroleum
Strong and Sophisticated Financial Services Sector
India's financial system has kept pace with the growing needs of its corporate and retail borrowers. Interest rates are market-determined and have shown a downward trend over the last few years.
The components of the Indian banking system are:
• Scheduled commercial banks
• Urban and state co-operative banks
• Regional rural banks
• Non Banking Financial Institutions(NBFI)
Vibrant Culture and Excellent lifestyle
Gujarat earns the reputation of finer things in life as culture reflects the finer details of moral and traditional values and lifestyle is the very existence of Gujaratis.
Gujarat is a place with high spirits, vibrant culture and joyous festivals. Prosperity is synonymous with partnership. Quality of life and standards of living are high while costs are low.
Gujarat ranks high on the livability scale. Lots of reasons to give - a cosmopolitan atmosphere without hassles, great recreational opportunities, a reasonable cost of living, a great food and cultural vibrancy.
Gujarat is also popular for the lifestyle and cuisines that go with the celebrations. Traditions almost remain unchanged and you get acquainted with the modern living as Gujarat develops on a faster growth to modernity, influenced by outside culture. Unmatched traditions in the world, it speaks of ‘Home is where the heart is’. Though, with changing times the state has prospered and is on the path of development, its people are strongly bound by their ancient culture and value system.
Gujarat is influenced with enculturation;a culture shared with members of the society and passed on from one generation to the next. Enculturation has unified people with common sense experience and influence that lead to knowledge and appreciation of cultural traditions and lifestyles. The aspect of joining hands to greet or bow down comes through age influences as offering reverence. Social systems of learning, religious practices and forms of artistic expressions have led way to more balanced lifestyles in Gujarat. People of Gujarat are found to be sharing cultural traits and patterns with other regions and also extend beyond national boundaries towards International culture.
Ancient crafts exist in Gujarat blend with unique traditional intricate work and finer details with artistic and aesthetic appeal. The handicrafts products of skilled craftsmanship are popular all over the world. It mirrors vibrant culture of the State. Gujarat boasts of a rich culture and heritage. Gujarat is a flourishing state in all spheres and as a result, numerous people from different parts of India have settled here for various reasons like trade, education, lifestyle etc. There is no excuse for sitting home bored in Gujarat.Opportunities for recreation abound. From cool, club swimming pools and sprawling Multiplex cinemas to a walk in the beauty of Gujarat's natural settings in municipal parks, there is something to get you on your feet.
In Gujarat, Lifestyles sustain. Gujarat is ‘heaven on earth’. Ask anyone in the world and Gujarat is the most cherished place to visit in India. Gujarat is the Land of the Legends – where individuals have peace of mind, are spiritual and live in harmony. The people are enterprising oriented, cooperative,and supportive. They possess warm and friendly nature with qualities of humanity, Gujaratis are found to be most generous and loyal. It is said, Attitude and all is that ‘Makes a Big Difference’