Business in Gujarat, India

Description: Foreign Trade and Business in Gujarat

Gujarat is one of the most preferred Foreign direct investment (FDI) destinations in India, providing business opportunities in all sectors: Information Technology, tourism, textiles, and agricultural sector.

1. The State of Gujarat houses some global corporations, private companies, public companies and numerous Small and Medium Enterprises
2. Gujarat is a manufacturing powerhouse with world-class production capabilities in textiles, petrochemicals, pharmaceuticals, and agribusiness products
3. Gujarat is also known for its entrepreneurial spirit and his robust social and physical infrastructure
4. Gujarat is rich in bio-resources and has a forest cover of 1.88 billion hectares and 10.7 million hectares of highly diversified cropping area.
5. Gujarat leads the horticultural crops manufacturing
6. Gujarat is rich in mineral resources (limestone, lignite, and bauxite)
7. Gujarat is a leading cement and soda ash manufacturer
8. Gujarat has the largest diamond processing industry in India
9. 22% of the Indian exports

The main economic sectors of Ahmadabad (Gujarat) are chemicals, textiles, drugs and pharmaceuticals and agribusiness. Ahmadabad is the third fastest growing city in the World (Forbes magazine).

The Government of Gujarat gives tax concessions for the foreign direct investment (FDI) in backward areas. Gujarat offers to the foreign investors a distinct advantage regarding the quality of the human resources and infrastructure facilities: power and water supply, ports, and gas grid.

ABB invested 500 million dollars in its Vadodara factory and use it as a global sourcing base for circuit breakers and other electrical equipment. Arvind Mills, the second largest denim manufacturer in the World has duplicated its manufacturing capacity.

Glaxo SmithKline India plans to use its production factory in Ankleshwar as a global sourcing hub for an intermediary used in manufacturing Zantac.

Aventis, an international pharma giant, will service its global requisites for glibenclamide from its plant in Ankleshwar, Gujarat.

Invest opportunities in Information Technology.

Gujarat is an excellent destination for Information Technology industries. There are several big Information Technology software companies in Gujarat.

Indian Free Trade Agreements: Sri Lanka, Thailand, Indonesia, Singapore, ASEAN, South Korea, European Union, New Zealand, Africa-India, Mauritius, Canada, Australia, Gulf Cooperation Council, SACU, SAARC, BIMSTEC, IORA, APTA, ACU, EFTA, Chile, Andean Community...