Gujarat is a state located on the west coast of India. This state shares a common international border with Pakistan. With a coastline of about 1,600 km, the state of Gujarat has longest coastal area of all the states in India. The state has always played an important role in contributing to the economic development of India. It contributes significantly to the national exchequer of India.
The Gujarat state is classified as one of the leading industrialized states in India. The state houses several private companies, public enterprises, multi-national corporations and is the host of small- and medium-scale business units. The manufacturing units have world-class facilities. It is one of the best places in India for the manufacturing of textiles, pharmaceuticals, and agro-based and petrochemical products. The state is also popular for its physical and social infrastructure facilities. Gujarat is also one of the states in India where there is an excellent environment and is aptly supported by a responsible and proactive bureaucratic system.
Textiles
Gujarat is a state that has a huge agricultural industry, and it has contributed largely to the Indian agricultural output. This state has more than 10.7 million hectares of cropping area. However, Gujarat still offers a tremendous opportunity for investment in agriculture sector.
The state of Gujarat is naturally blessed with abundant natural resources, fertile soil, an excellent river system, conducive climatic condition, and well-established markets. All these factors make the state a front-runner location for investing in the agricultural sector. Also, the farmers in the state have adopted some of the most modern techniques of farming and are producing exotic crops that are largely intended to be exported; thus, there is a great scope for investment in the sector and gaining valuable returns on that investment.
Gujarat also has natural mineral resources in abundance, such as bauxite, lignite, and limestone. Thus there is a huge potential for investors to invest in mining of the natural resources sector.
With its huge coastline, this state promises tremendous business investment opportunities. Major ports in the state are very strategically located. YES Bank has suggested that the ports of Gujarat if developed properly have a massive potential to attract tremendous foreign investments.
The investor-friendly policies of the Gujarat state government, round-the-clock power supply, tremendous road connectivity within the state and to other parts of the country, ready availability of a trained work force, large consumer base, plenty of hardworking and skilled manpower, a simple and transparent procedure for investments, and last but not least, a business-friendly environment. All these combined factors make Gujarat an ideal destination for making an investment in India.
An investor considering investment in the state will see that it is a wonderland for investing in sectors, such as textiles and apparels, auto and ceramics, agro and food processing, chemicals and petrochemicals, pharmaceuticals, biotechnology, IT, and gas and oil.
The Gujarat Investment Corporation Limited has taken an initiative to attract investors by offering beneficial services, such as providing financial assistance to the investors for diversifying, expanding their business establishments, and offering different financial packages.
Thus, the state of Gujarat offers everything that an investor would look for before investing. The state has all the traits to become a leading hub for foreign investments. The investor is sure to gain investments in any sector in the state.
Gujarat - Investor Friendly State of India
India is one of the fastest emerging economies today. With the government encouraging foreign Investments in India, it has become easier for foreign companies to foray into the Indian Markets.
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