Vibrant gujarat free essay sample

Vibrant Gujarat Global Investors Summit or VGGIS is a biennial summit organized by Gujarat state government in India to attract foreign investment for development of Gujarat. Based on the theme–Gujarat Going Global and aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers; the summit served as a perfect platform to understand and explore business opportunities with the State of Gujarat. First VGGIS started in 2003 The Vibrant Gujarat Summit has become an example of visionary approach of the State Government to investment promotion and advancement of economic and social development for many states. The event provides enormous prospects to the State to display its strengths, progressive stand, initiatives, investor friendly climate and culture of Gujarat. The success of the Vibrant Gujarat Global Investors’ Summit is not only seen in the rising investments, but it has also set new benchmarks in the international arena, receiving many national and international awards like‘Best Communications Campaign in the Indian Sub-Continent’ and ‘Best government/Public Sector Communications Campaign in Asia-Pacific’. From 2003 to 2011 the Vibrant Gujarat Global Investors’ Summit (VGGIS) have come a long way through. Let us have few important achievements of VGGIS at a glance: Year VISSION: â€Å"It is lauded for the strategic positioning, business planning and execution capabilities of the Government of Gujarat.† WHY INVESTORS ARE INVESTING IN GUJARAT? Strategic location Strong Economy Excellent Infrastructure Impetus to Industries Human Resource Government Initiaties Opportunities 1.Srategic Location: Strategic Location Providing access to major international and domestic markets. Located on the coast of Indian connected to major ports U.K., Australia, Middle East and East asian economies. 1600 KM coast line offers numerous opportunities for port based industries. Gateway to land locked states in India. Total 41 ports ,11 are Intermediate ports and 29 are minor ports 2.Strong Economy: Leading investment destination with highly competitive investment climent. Gujarat’s share in India – 5th largest economy, One of the most Industrialised state, with 38% of GDP contributed by secondary sector. Sustained investor confidence, the state with highest number of proposal in India. Delivering promises, the state with highest number of MOUs and IEM money realization. Contribution of Gujarat to India: 3.Excellent Infrastructure: Gujarat’s excellent trade and transportation networks creat better market access and trade flows for companies. Sardar Sarover Narmada river linkage project to creat continuous water supploy throughout the state. High taledensity and excellent internet connectivity in the state. A power sufficient state with one of the highest per capita power consumption. The only Indian state with an integrated state wide gas grid State with highest number of ports and airports. Excellent road and rail network. 4.Impetus of Industries: Taking a lead in creating the right kind of infrastructure with a focus on the future. 12 special investment region S of more than 100 sq km each being planned. 1 petrochemical and petroleum investment region, so special economic zone and existing 200 indusrial areas. 38% planned Delhi, Mumbai industries corridor route is through Gujarat. Development of new industrial areas for agro parks, tourism , recreation and information technology. 18 out of 26districts fall within the Inuence Area of DMIC Major cities on DMIC : Ahmedabad, Vadodara, Surat 60% of Total Investment in the DMIC is likely to be in Gujarat. 5 Doing Bussiness: A globallycompetitive business destination with outstanding human capital. The land of entrepreneurs who are spread across  the globe.  Home to some world renowed institute in management, engineerings and design. State with one of the list utility costs,taxes as par with others business destination and globallycost sompetitive labour force. Availibility of high quality health care facility Government initiated schemes for women empowerment , redusing infantile morality and primaryeducation support. 6 Government Initiatives: Conductive business environment Awarded 2nd best state in Asia Pasific category in improving transparency , accountability and responsiveness in public service by UN in 2010. Stable political climate Urban development initiative for high quality living. Simplification of process and single window approach for investors. International campaign for investment, promotion across the sectors. Wide array of choices for tourists right from heritage monuments, archeological site, wild life and beaches. Favourable policy and regulatory environment. Industrial policy 2009 for high quality socio economic development. Sectoral policies for promotion of investment and growth.  Incentives under SEZ, SIR and Industrial area development.  Subsidies nfor environment protection.  A leader in encouraging private participation under public private participation under public private partnership. 7. Opportunities: A land of immense opportunities, an opportunities for everyone, Industry specific advantages – in slew of sectors. Presense of more than 370000 MSMEs in the state . Historically strong gemes and jwellary sector . Strong mineral base. Large investment in infrastructure required in infrastructure. Opportunities in ports and port based industries. Opportunities in tourism industries spread across the value chain TOTAL INVESTMENT DURING VGGIS SUMMIT 2003: The 2003 Global Investors Summit was held coinciding with the Navratri festival where a total of 76memoranda of understanding (MOUs) worth USD 14 billion were signed. Statistics accessed from the office of industries commissioner under the Right to Information Act (RTI) reveal an implementation rate of 25% unlike 69% promised by Narendra Modi.[ But this is true in general for all the states and true for India as single investment center. Still with this Gujarat get approximately 25% of Indias investment