GUJARAT November 2010 GUJARAT November 2010

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GUJARAT November 2010 GUJARAT November 2010 GUJARAT November 2010 GUJARAT November 2010 Investment climate of a state is determined by a mix of factors • Skilled and cost-effective labour • Procedures for entry and exit of firms • Labour market flexibility • Industrial regulation, labour regulation, other • Labour relations government regulations • Availability of raw materials and natural • Certainty about rules and regulations resources • Security, law and order situation Regulatory framework Resources/Inputs Investment climate of a state Incentives to industry Physical and social infrastructure • Tax incentives and exemptions • Condition of physical infrastructure such as • Investment subsidies and other incentives power, water, roads, etc. • Availability of finance at cost-effective terms • Information infrastructure such as telecom, IT, • Incentives for foreign direct investment (FDI) etc. • Profitability of the industry • Social infrastructure such as educational and medical facilities 2 GUJARAT November 2010 Contents Advantage Gujarat State economy and socio-economic profile Infrastructure status State policies and incentives Business opportunities Doing business in Gujarat 3 ADVANTAGE GUJARAT Gujarat November 2010 Gujarat – State profile • Gujarat is spread over an area of 196,024 sq km (6 per cent of India‟s land area). It is located on the Western coast of India and has the longest coastline of 1,600 km in the country. • The state has 26 districts. Gandhinagar is the capital city. Ahmedabad, Vadodara, Surat, Rajkot, Bhavnagar and Jamnagar are the other key cities. • The state has three major groups of rivers flowing in different directions. The major rivers of central and Northern Gujarat are Narmada, Sabarmati and Mahi. Rivers flowing through the Saurashtra region are Mithi, Khari, Bhadar, Shetrunji and Bhogavo. Rivers in the Southern part of the state include Narmada, Tapi, Purna, Ambika, Auranga and Damanganga. • There are eight agro climatic zones in the state that support cultivation of a wide range of crops. • The most commonly spoken language of the state is Gujarati. Hindi and English are the other Indian languages used. Source: Maps of India 4 ADVANTAGE GUJARAT Gujarat November 2010 Advantage Gujarat … (1/3) Facilitating infrastructure Gujarat has excellent infrastructure as compared to the other states. There are 42 ports, 13 domestic airports and one international airport. The state also has extensive road and rail network. The urban and rural areas have 24-hour power supply. A 2,200 km gas-grid supplies gas to the industrial areas. There are 83 product clusters, 202 industrial estates, 60 special economic zones (SEZ) and upcoming infrastructure on the Delhi-Mumbai Industrial Corridor (DMIC). Almost one-third of the DMIC project is taking place in Gujarat alone. A Dedicated Freight Corridor (DFC) is being set up between Mumbai and Delhi. Of the 20 industrial nodes identified across six states where DFC passes, six have been proposed for Gujarat alone. Source: Maps of India 5 ADVANTAGE GUJARAT Gujarat November 2010 Advantage Gujarat … (2/3) Industrially developed state Gujarat is the „petro capital‟ of India, contributing 34 per cent to petrochemicals and 27 per cent to the country‟s chemicals and pharmaceuticals business. It has achieved the distinction of being one of the most industrially developed states. Accounting for 5 per cent of the total Indian population, Gujarat contributes 21 per cent to India‟s exports and 13 per cent to its industrial production. The industrial sector had a 12.5 per cent growth in 2009. Availability of skilled manpower Gujarat has good educational infrastructure with premier institutes in management, fashion, design, infrastructure planning and pharmaceuticals. Also, there are industrial training institutes in each district for training manpower for shop floor level. The State Government has many initiatives to encourage innovation in the education sector. Source: Maps of India 6 ADVANTAGE GUJARAT Gujarat November 2010 Advantage Gujarat … (3/3) Policy support Gujarat is the only state in India where the State Government has framed policies in almost all key sectors such as industry, power, ports, road, IT, agriculture, minerals and tourism. Gujarat‟s Industrial Policy, 2009, offers attractive incentives and concessions for prospective investors. Growing economy and industry Gujarat reported a 16 per cent year-on-year growth in GDP at current prices in 2007-08. A robust financial growth and presence of diverse industry sectors with leading national and international companies makes it one of the most attractive investment destinations in the country. Investment destination of choice According to the outlook for corporate investments by the Reserve Bank of India (RBI), Gujarat ranks first in private corporate investments in the country. As per Deutsche Bank research paper on infrastructure Source: Maps of India investment scenario in India, 2007, Gujarat offers the most favourable outlook for infrastructure projects. 7 ADVANTAGE GUJARAT Gujarat November 2010 Gujarat in figures … (1/2) Parameter Gujarat All-states Source Economy GSDP as a percentage of all 7.8 100.0 CMIE, as of 2007-08, current prices states‟ GSDP Average GSDP growth rate (%)* 15.6 11.8 CMIE, 2000-01 to 2007-08, current prices Per capita GSDP (US$) 1,355.7 992.5 CMIE, as of 2007-08, current prices Physical infrastructure Installed power capacity (MW) 13,908.1 159,398.5 Central Electricity Authority, as of March 2010 GSM cellular subscribers (No) 26,160,079 456,586,162 Cellular Operators Association of India, as of June 2010 Broadband subscribers (No) 322,656 4,981,976 As of October 2008 Ministry of Road Transport & Highways, Annual Report National highways (km) 3,245 70,548 2008-09 Major and minor ports (No) 1 + 41 12 +187 Ministry of Shipping Airports (No) 14 133 Airport Authority of India Social Indicators Literacy rate (%) 69.1 64.8 Census of India, 2001 Ministry of Health and Family Welfare, RHS Bulletin, Birth rate (per 1,000 population) 22.6 22.8 March 2008 *Calculated in Indian rupee terms 8 ADVANTAGE GUJARAT Gujarat November 2010 Gujarat in figures … (2/2) Parameter Gujarat All-states Source Ease of doing business Department of Industrial Policy and FDI inflows (US$ billion) 6.6 120.2 Promotion, April 2000 to May 2010 Outstanding investments 257.3 1972.6 CMIE, as of March 2010 (US$ billion) Industrial Infrastructure PPP projects (No) 33 515 www.pppindiadatabase.com Notified as of July 2010, SEZ (No) 30 363 www.sezindia.nic.in PPP: public private partnership: SEZ: special economic zone Parameter Gujarat Government Policy support Sectors with specific policies Industry, SEZ, ports, mineral, power, IT, road Availability of labour Adequate 9 ADVANTAGE GUJARAT Gujarat November 2010 Key industries with policy thrust and factor advantages Industry attractiveness matrix High Ports Agro and food Power processing Dairy IT Mineral based industries Tourism Medium Pharmaceuticals Chemicals and and biotech Policy thrust Policy petrochemicals Oil and gas Textiles and Gems and apparels jewellery Engineering and auto Low Medium High Factor advantage *Factor advantages include benefits due to geographical location and availability of factors such as talent pool, natural resources and capital 10 GUJARAT November 2010 Contents Advantage Gujarat State economy and socio-economic profile Infrastructure status State policies and incentives Business opportunities Doing business in Gujarat 11 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE Gujarat November 2010 Socio-economic snapshot of Gujarat Parameters Gujarat Capital Gandhinagar Geographical area (sq km) 196,024 Administrative districts (No) 26 Population density (persons per sq km)* 258 Total population (million)* 50.7 Male population (million) 26.4 Female population (million) 24.3 Population growth rate 1991-2001 (%) 22.7 Sex ratio (females per 1,000 males)* 920 Literacy rate (%)* 69.1 Male (%) 79.7 Female (%) 57.8 Life expectancy at birth (2006-10) Male (years) 67.2 Female (years) 71.0 Source: Socio-Economic Review of Gujarat, 2009-2010 *Census 2001 12 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE Gujarat November 2010 Gujarat‟s GSDP • At current prices, the Gross State Domestic Gujarat‟s GSDP Product (GSDP) of Gujarat was about US$ 73.3 billion in 2008-09. 2008-09 73.3 2007-08 76.3 2006-07 62.6 • The average annual GSDP growth rate from 2005-06 50.4 1999-2000 to 2008-09, was about 13.4 per cent. 2004-05 41.8 CAGR 2003-04 38.5 13.4% • Gujarat was among the states that recorded 2002-03 31.0 very high GSDP growth rates in the last decade, 2001-02 25.7 compared to the other states. 2000-01 23.0 1999-00 23.6 0.0 20.0 40.0 60.0 80.0 100.0 US$ billion Source: CMIE 13 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE Gujarat November 2010 Gujarat‟s NSDP • The Net State Domestic Product (NSDP) of Gujarat‟s NSDP Gujarat was about US$ 61.1 billion in 2008-09. 2008-09 61.1 2007-08 64.1 • The average annual NSDP growth rate from 2006-07 52.1 1999-2000 to 2008-09 was about 13.3 per 2005-06 41.6 cent. 2004-05 34.3 CAGR 2003-04 32.6 13.3% 2002-03 25.9 2001-02 21.2 2000-01 19.1 1999-00 19.9 0.0 20.0 40.0 60.0 80.0 US$ billion Source: CMIE 14 STATE ECONOMY AND SOCIO-ECONOMIC PROFILE Gujarat November 2010 Gujarat‟s economy has contributions from all three sectors • In 2008-09 the secondary sector contributed Percentage distribution of GSDP 41.6 per cent to the state‟s GSDP at current CAGR prices. It was followed by the tertiary sector (38.4 per cent). 42.2 38.4 10.9% • The share of the primary sector in GSDP was 12.8% 19.9 per cent in 2008-09 vis-à-vis 18.6 per cent 39.2 41.6 in 1999-2000, the increase being driven by the mining and quarrying and agriculture sub- 18.6 19.9 12.9% sectors.
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