PARTNERSHIP IN PROGRESS – SEZ Capital of India

“Over the years, Gujarat has turned into a Global Economy with the presence of global companies here and our products available all around the world. Today, you will see how we are moving towards becoming a global hub. When we talk of a global hub, we mean that we are in the process of making Gujarat a globally preferred place to live in and to do business.” – Shri Narendra Modi at VGGIS 2011

Gujarat has the distinction of being the first state to enact the Special Economic Zone (SEZ) Act, 2004. SEZ development is planned with the aim to bring large dividends to the state that will lead to accretion in the Industrial development and create new job opportunities. The SEZ in the state is locomotive for accelerating the economic growth in Gujarat.

The Vibrant Gujarat Global Investors’ Summit showcased excellent track record in creating an enabling environment for investments to happen. MoUs have been signed for SEZ – manufacturing as well as infrastructure. The summit has been an aspiration and reflects Gujarat Government’s desire to seize opportunities, thereby creating a momentum of growth and employment. Gujarat has three Operational Sez – Kandla SEZ, SUR SEZ, and Surat Apparel Park. More statewise and sectorwise presence in Gujarat can be seen as per the graph.

From Industrial Clusters, Industrial Estates and SEZs, the State has now moved further to set up truly world-class huge-sized Special Investment Regions (SIRs). They will be developed as ‘Global Hubs of Economic Activity.’ They will be supported by world-class infrastructure, premium civic amenities and an exemplary policy environment. They are envisioned to be ‘a new Gujarat within Gujarat.’ Setting up of these SIRs is in line with the upcoming Dedicated Freight Corridor between Delhi and Mumbai (DFC) and the Delhi-Mumbai Industrial Corridor (DMIC). Similarly, these SIRs will have a great synergy with our upcoming International Finance Tech-City popularly known as Gujarat International Finance Tech-City (GIFT).

SIR, SEZ & DMIC

The Government is fully committed to the development of these SIRs. The SIR at Dholera, is being developed on priority basis as a “Global economy Hub’ of activity and is going to be the biggest planned city of the world. Dholera SIR on DMIC-DFC route is being developed as global model for urban and economic development.

Gujarat is the first state to have enacted a separate legal framework – the SIR ACT of 2009. Moreover, excellent infrastructure and socio-political environment has attracted global players for conducive investments in Gujarat.

Gujarat is poised to contribute immensely to India’s faster growth with its strong fundamentals and a unique model in which development is a mass movement with inclusive growth – Partnership in Progress – SEZ & SIRs for All. Together, the State prospers.

Special Economic Zones – In Detail: http://www.vibrantgujarat.com/images/pdf/special-economic-zones.pdf