Gujarat An Ideal Destination of Engineering and Auto.

Submitted by:-Sandeep KamalPrabin Daimary

Vishnu M.RAnu Batheja

Sonal

Submitted To:-Prof. Sarabjeet

INDIA AS FAVOURED INVESTMENT DESTINATION

STRONG ECONOMY *Trillion dollar economy. *World 12th largest

economy. *53% of GDP from

service sector. *Avg growth rate is 7%

even during recession.

2nd largest manufacturer in 2wheeler.

5th largest manufacturer in C.Vehicle.

100% FDI permitted in Automobile se.

Ranked 2nd in Top FDI in the world

Industry Profile of Gujarat

No of factories:- 15107

Workers engaged: 10.5lacs

Large industries:- 1200

S.M enterprises:- 345000

Exports contribution:- 21%

Infrastructure available for Engineering & Auto in Gujarat

STRONG ECONOMY

38% of GDP contributed by secondary sector. State with high no. of MoU realization. Strong longest gas based single location iron

plants. World’s largest producer of processed

diamonds World’s largest grass root petroleum refinery

at Jamnagar.

Government Initiatives

Ahmedabad competing for world heritage city status.

International campaigns for investment promotion acros sectors.

A leader in encouraging private participation under public-private partnerships.

VIDEO OF GUJARAT

Gujarat new auto hub - Copy.3gp

Policies of Gujarat

Indirect Tax Incentives Nil customs duty Nil excise duty Exemption from central

sales tax Exemption from

securities transaction tax Exemption from tax on

sale of electricity for self generated and purchased power.

Conclusion:

Industrial development initiated by the Gujarat government.

Cost effective and motivated labour force of Gujarati’s.

Diversification in many industries.