The State of Gujarat is well known as the 'Growth Engine' of the country and has set global standards for doing business and facilitating investors. Gujarat is one of India’s most industrialized and urbanized economies, and is a one of the national leaders across various sectors of socio-economic development. With roughly 6% of India’s geographical area and 5% of the country’s population, Gujarat accounts for almost 8% of India’s Gross Domestic Product, 18% of India’s Industrial Output and over 20% of exports.
Strategically located on the west coast of India, Gujarat is well connected to the major cities of the world as well as the country by air, roads, sea and rail. It has a robust physical, social and industrial infrastructure with 24 X 7 power for all, plenty natural gas reserves, intellectual capital and sustainable water supply. The Government of Gujarat has come out with various sector specific policies and schemes to promote and facilitate investments.
Gujarat has been ranked amongst the best performing states in national Ease of Doing Business rankings, and several of the State’s initiatives in the areas of environmental approvals, inspection procedures and labor reforms have even been lauded nationally as ‘Best Practices’ for business facilitation. The State Government has announced a comprehensive single-window act for all kinds of industrial clearances. Henceforth, industries of all sizes from micro to mega will get their clearances and approvals in a time bound manner.
Gujarat is a leading presence in the world and in India in areas like petroleum, copper, denim production, diamonds, agricultural products, salt and soda ash, drugs, chemicals and petrochemicals. There are investment opportunities available in agriculture and allied sectors, healthcare, pharmaceuticals, renewable energy, mines and minerals, textiles, tourism, urban development, gems and jewelry, auto and ancillary products and engineering sectors. All these factors make Gujarat one of the most sought after destinations across the world for setting up a business in.