Kutch is a growing economic and industrial hub in one of India's fastest growing states,Gujarat and it is becoming an ideal investment destination for big investors and big business houses in India. As a nature Kutch-Gujarat is almost dead agricultural region where the average annual rain is 250mm and most its land is covered with sand. But since 2001's earthquake epi-center in Kutch region and Gujarat's Chief Minister Mr. Naredra Modi's ideal thoughts to grow industries in the region has attracted investors from all around the world. Government declared tax incentives upto 15 years.
Kutch's Kandla port is considered the most busy port in India after Mumbai's Jawaharlal Nehru port and has attracted lots businesses related to transportation and import/export in the region since decades. And since Mr. Narendra Modi's ideal sight of converting an idle region into a business destination, land prices increased more than 10/15 times in a span of 7 years(this depends on location and growth oriented areas). And due to large tax incentives and government's 'Vibrant Gujarat' initiatives it attracted Rs.12,000,000 Crore worth of MOUs in 2009's event to invest in businesses. Apart from Kandla port, Mundra port is developed by Adani Industries whose businesses range from pickel export, power/coal trading, natural gas trading, power and import/export.
The industries who are investing includes World leader in Wall Clock Manufacturing Ajanta group's CFL plant, Nissan Motors manufacturing plant that will export the assembled Nissan motors to Europe region and host of businesses(including Welspun group in Anjar, JayPee group, Jindal group and couple of windmill farms) who wants to take advantage of the tax incentives and its ideal destination for import/export market. Sanghi industries is having India's biggest cement plant at a single location and currently expanding.
Kutch is mineral rich region with very large reserve of Lignite, Gypsum and lot of other mineral. GMDC(Gujarat Mineral Development Corp) and lot of Cement industries are dependent on this materials are expanding their wings in the mineral rich region.
In all, Kutch's ideal location and geographical benefits would help it attract lots of manufacturing businesses and help to provide more synergies to export-focused businesses.
View invited from readers.
Amit
Subscribe to:
Post Comments (Atom)
2 comments:
I didn't know Kandla is 2nd busiest port of India...plus this is really exciting to know that Nissan Motors is setting up manufacturing plant...overall nice article
Anand, Kandla is 2nd busiest port in volumes coz its the nearest for North India based exporters than any other ports and it has biggest advantage of Gujrat's export focused industries.
Post a Comment