Vibrant Gujarat Global Investors Summit 2009


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About Gujarat

Find out everything you want to know about Gujarat & make yourself at home in Gujarat.

Gujarat - The investor's delight

Gujarat is one of the leading industrialized States in India. It houses a number of multinational corporations, large private sector companies, strong public sector enterprises and a large number of medium and small scale units.

	Investment Regions
	Special Economic Zones(SEZs)

Conducive Policies for Growth

Gujarat has a stable political enviournment and a Government which functions like a corporate entity. Gujarat has conducive and industry friendly policies to achieve high growth.

Latest News

Dow signs Rs. 600 crore JV with GACL

Global chemical major - Dow Chemicals is reported to have signed an agreement with country’s largest chlor-alkali manufacturer - GACL for setting up a Rs.600 crore joint venture in Gujarat. While the proposed project is expected to be funded on 70 : 30 debt equity pattern, the exact financing pattern is yet to be finalized. The JV with equal contribution from the partners will set up 2,00,000 tonnes of chloromethane per annum at the Dahej plant of GACL, which is expected to be functional by 2011. The venture with Dow Chemicals would be of immense use to local pharma industry and is also expected to generate substantial local employment. Interestingly, this JV is the first ever large-scale investment after Dow having their presence in India for more than half a century. GACL also plans to augment the existing capacities of caustic soda, hydrogen peroxide and hydrazine by investing an additional fund of Rs. 2,600 crore. In addition, plans are also afoot for making sizeable investment of Rs. 350 crore in a 90 MW gas-based power project at Dahej and Rs. 140 crore in a 40 MW windmill project in Kutch, according to an official of GACL.

Sterling Energy plans 4000 MW power project in Jambusar – Bharuch district.

Sandesara Group, after venturing into port and SEZ projects, has embarked upon the plans for investment in power sector. In the first phase, the company has planned a capacity of 1300 MW, with an initial investment of Rs.6,000 crore by 2012 through their newly registered company viz. Sterling Energy Pvt. Ltd. (SEPL). For the purpose, as was reported, the Group has already negotiated with Indonesian government for procuring high quality coal. Of the 1300 MW power, while the Group plans to use 700 MW for their proposed multi-product SEZ at Jambusar, the balance 600 MW will be purchased by PTC India Limited for which an MoU is reported to have been signed by them with SEPL recently.

Country’s first Plastic Parks planned in Gujarat

With a view to promoting export of plastic goods from Gujarat, the plastic manufacturers are planning to set up three Plastic Parks. These parks to be called as “Poly Parks” would be set up at three different locations near Ahmedabad, Surat and Rajkot by Gujarat State Plastic Manufacturers’ Association (GSPMA). At present, there are an estimated over 5000 plastic manufacturers in Gujarat providing employment to about 2,00,000 persons with a collective annual turnover of Rs.73, 000 million, the sources said. These proposed parks – a special cluster in nature - the “first of their kind” would house about 1000 units and attract a fresh investment of an estimated Rs. 40,000 million. These parks would help the industry to add value and export finished goods viz, household wares, fabrics, bags for packaging and food grains, multilayer films, moulded articles, tarpaulin, automotive parts etc. It is expected to generate direct employment for about 25,000 people. The Government is expected to offer infrastructure facilities like road connectivity, supply of power, water, drainage facility etc. required for smoother functioning of the parks, it is informed.

Exports from Surat SEZ likely to attain new heights

During the year 2008-09, exports from Surat Special Economic Zone (SuRSEZ) are anticipated to a new high of Rs.200, 000 million. During the last fiscal year, exports from SuRSEZ crossed Rs.120, 000 million, achieving a growth of 140% as compared to Rs.72,980 million during the year 2006-07. At present, it is reported that there are 160 functional units in SuRSEZ providing employment to approx. 9,300 persons. The Zone in the recent years has proved to be a Multi-product SEZ with the shops having been set up by some foreign firms from US, UK, France and Germany, covering mixed segments of industrial units like pharmaceuticals, textiles, home furnishing, engineering, diamond cutting and polishing, etc. Added to this, two major jewellery firms are also expected to commence their operations very soon. It is learnt that at present, 30 units are in pipeline. As a part of the supporting infrastructure, an inland container depot is also in place adjoining to the SEZ.

Exports of Castor Seeds from Gujarat – A phenomenal jump

Following the increase in demand by agriculture sector, South Korea and Taiwan of late have emerged as major buyers of castor seeds. In the last five years, there is a quantum jump – as much as 500% in exports of castor seeds from India. India exported more than 3.30 lakh tonnes of castor seed meal by 31st March, 2008. While South Korea imported nearly 75% of India’s total castor seed meal (more than 2.55 lakh tonnes), Taiwan imported more than 74,000 tonnes during the year 2007-08. Exports of castor seed meal to these countries were a mere 70,750 tonne in 2004-05, which jumped to over 2.02 lakh tonnes in 2006-07. This increased demand pushed the price correspondingly, to an all time new high, as in April 2007, the FOB price of castor seed was US $ 70 per tonne, which went up to US $ 141 in March 2008. In India, castor seed meal finds its usage mainly as a cattle feed and fuel for boiler. On the other hand, it is reported, South Korea and Taiwan use it for manufacture of fertilizers, mainly because of high content of potash and nitrogen which makes a good source of fertilizers and organic manure.

TCGL joins hands with IL & FS to promote tourism in Gujarat

To promote the tourism industry in the State, Tourism Corporation of Gujarat (TCGL) has joined hands with IL & FS to form a JV company viz. Gujarat Tourism Infrastructure Board. The Board will assist TCGL in preparing finance models and projects to further promote tourism in the State and will also pursue Public-Private Partnership (PPP) to foster tourism projects. “The State Government is emphasizing on the need to develop tourism model through PPP and the new company will address this concern” said Mr. Jay Narayan Vyas, Hon’ble Minister for Tourism, Gujarat.

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