Place : New Delhi Speech Date :23-11-2010
- Gujarat is an amazing model of the effective co-existence of the big and small; robust and inclusive; fast and yet sustainable.
- There is a long list of the things which make us Numero Uno.
- The development of these SIRs is in line with the development of the Delhi-Mumbai Industrial Corridor.
- Gujarat is known for its handholding approach for the investor
Ladies and Gentlemen!
I feel delighted to be here with you. It is a rare opportunity to interact with a galaxy of business leaders, opinion makers and intellectuals like you; that too, in the National Capital.
Friends! As you know, India is on the path of becoming an economic power in the world. India has Emerged-That is the surprised expression of the President of the USA. I am going to take this opportunity to give you some glimpses as to how Gujarat has contributed in India's Ascendance. As you have seen in the presentation, we call ourselves to be the ‘Growth Engine of India'. I assure you that it is not a mere slogan. It has substance. It has substance that is supported by authentic Statistics. India's rise in the Global economy has mainly started after the liberalisation of the economy. It is now recognised as a robust economy mainly because of the rising exports, better infrastructure, better human capital and better market capitalisation. Gujarat was among the very first States to take steps in the direction of liberalising the economy and dismantling the barriers. Not only that, we took advantage of the situation by restructuring our PSUs, enacting a legal framework for Public Private Partnership in infrastructure and setting up Global standards for ourselves. Our growth rate has been in double digit for the entire decade. Our growth rate in Industry has been around 13% for a decade. In concrete terms:
We contribute to 16% of Inda's industrial production
We contribute to 22% of India's exports
We contribute to 30% of the India's stock market capitalisation
We are monopoly producers and suppliers for several goods in the country; whereas in many others, we are the leading suppliers. Several products of Gujarat, including polished diamonds and towels, are flooding the world markets. We have some of the world's largest manufacturing and processing facilities (like Reliance in petroleum refining). We house some of the leading global industries (like the General Motors & Bombardier). However, our real strength lies in our medium and small industries. We house 43% of the Micro, Small and Medium Enterprises of India. We house 39% of the total medium industries of India. With addition of Nano-car, we have emerged as an automobile hub. We are already a global player in the Steel, pipe, and pharmaceutical industries. Now, we are emerging as a global player in the Cement industry too. Our strength in the Oil and Gas is now recognised globally. With our 1600 km long coastline and world class ports on it, we handle 35% of the Cargo in India. These are those indicators on the basis of which India's ascendance is recognised. And our contribution in them is substantial. That is why we call ourselves the ‘Growth Engine of India'.
We call ourselves the ‘Growth Engine of India' also because even in those fields where India as a country has not been able to do well, Gujarat is doing well and producing a model for others. For example, the country is struggling with a slow growth in agriculture. Gujarat's growth in agriculture has been at 9.6% for the last seven years. In fact, one estimate says that it is 12.8% for five years. This is three to four times the national average. This growth is impressive not only in economic terms, but in terms of finding solutions to our historic problems in agriculture. This includes water harvesting and micro-irrigation, adding more waste land to cultivable land, bringing in scientific practices, minimising the input costs and enhancing productivity. Similar is the story in rural electrification. Gujarat has not only added substantial megawatts to electricity generation and reduced its T & D losses. It is, in fact, the only State to supply uninterrupted power to all the rural households on a 24 X 7 basis. Similar is the case in designing and perfecting the PPP model for infrastructure development. Gujarat is not only the pioneer in it but the State is now recognised as the ‘Most Admired PPP Enabler'. There are a number of such areas where Gujarat has found innovative and effective solutions to long pending problems.
However, Friends! We want to do better because we want that India must do better. I always say ‘Gujarat's growth for India's growth'. Before sixty years, one man from Gujarat brought political freedom to the country. Now, may be the destiny has cast upon the people of Gujarat the responsibility to bring economic surge and prosperity in the country. I assure you that we are working with that high sense of responsibility. This responsibility means that we have to do better than we have been doing; we also have to do better than others are doing.
Friends! It definitely gives us pride to listen that ‘India has emerged'. However, to make India emerge and to continue this emergence, we must put up strong foundations. If India has to emerge in a sustainable way, the Indian States have to be strong. I am happy to say that Gujarat represents the elements of such a strong foundation. Gujarat is not only a landmass with conducive business environment; but it represents a true business spirit as well. Its people have shown their business acumen not only in the country but in the entire world. Its fundamentals are strong not in a particular sector but all across the economic and social sectors. Its vibrancy can be felt not only in the economic activities but also in social life. Gujaratis are known for their value systems and ethics which facilitate and sustain rewarding businesses as well as enriching life. We believe in making the pie bigger and sharing it too. That is why our work force remains satisfied. That is why we have almost zero man days loss on account of labour problems. In this age of globalisation, it is no longer the raw materials which attract people and projects. Now, the important factors are the transaction costs which depend upon the environment of business, the ease of business and the spirit of business. In addition, the quality of Governance, including the stability of governments and transparency in their policies, also matter a lot. I am proud to say that Gujarat offers you the best on these fronts.
This is the reason that Gujarat is such a land…
which not only invites a Cheapest car project; but makes it to produce the cars in just one and half year
which not only attracts a Metro coach project but makes it to produce the coaches in just one and half year
which not only creates a PSU in oil and Gas but helps it to become a multinational company in just seven years. (GSPC)
But we want to do still better. And we also know that with our strong fundamentals, we can do much better. We can do better and we will. One important strategy in our effort to do better has been a focused approach towards investment related activities. Many of you are aware that under the banner of Vibrant Gujarat, we have institutionalised a biennial investment event after a sustained hard work of eight years. The fifth chapter of the Vibrant Gujarat Global Summit is being held on 12th and 13th January, 2011. I have primarily come here to personally invite you to visit Gujarat and be our guest during this event.
Vibrant Gujarat Global Summit was started as an organised effort to enhance the pride and creativity among the people, to highlight the potentials of the State and attract investments. This Summit is now fully institutionalised and grown up from a state level event to a Global one. It has also changed its scope from an investment promotion event to a knowledge and technology exchange platform. The last event, which was held in 2009, saw the participation of forty seven countries, with the heads and representatives of various countries. This was in addition to a large number of national and international delegations from varied sectors. This event, which was held in the backdrop of a global recession, surprised everyone with investment agreements of US Dollars 240 billion. However, investment flow in the State is not the sole objective of this event. The bigger objective is to do global networking for knowledge and technology sharing; learn the best practices and involve and encourage our people to think big and take up challenging projects. These events have further ignited the enterprising spirit of the people of Gujarat. But instead of resting here, our effort is to further widen the scope of the event. This time, we have invited the Indian States as well as other countries to make use of this platform. We will help them to do so for business and technology tie ups and agreements for their respective locations. I once again take this opportunity to invite you to this event with your
Ideas and initiatives;
Ambitions and Aspirations;
Plans and Projects.
Friends! Gujarat has not only offered solutions to many of India's historic problems; but it has also answered many of the debates in the global economics. The whole world has been struggling with dichotomy of the Big versus Small. Gujarat is an amazing model of the effective co-existence of the big and small; robust and inclusive; fast and yet sustainable. It has done wonderfully well on both the Macro and the Micro indicators. Our double digit growth rate of GDP has actually translated into a high growth in the per capita income of the people which is at 13.8%. Not only the multinationals and big companies have done well, but a large number of medium, small, rural and domestic ventures have also prospered. Not only the industry or agriculture has grown fast; but education and health services have expanded equally fast. We have not only created world class hospitals but have also made the poor people get good access to medical facilities (Chiranjeevi Yojna). We are not only known for exporting quality industrial products but our farmers have captured several foreign markets to supply agro and horticulture produce. There is a long list of such things. There is a long list of the things which make us Numero Uno.
Gujarat's multi-faceted growth and excellence in various sectors has been recognised not only in the country but in the entire world. Our efforts in Good Governance have been applauded the world over. We have received around 200 national and international awards in the last eight years. They are in recognition of excellence in various fields. This year itself, my office has got United Nation's Public Service Award for improving the ‘effectiveness, efficiency and quality of public service'. We are getting such awards on a weekly basis. Only last week, India Today has given us awards for excellence in certain sectors. However, we treat these awards as just milestones in our journey. They are indicators that we are in the right direction. At the same time, our aim is very high.
Our aim is:
A Gujarat which is a global hub
A Gujarat whose name itself becomes a global benchmark;
A Gujarat with whom your association itself becomes your trade mark;
A Gujarat which thus becomes a globally preferred place to live in and to do business
Friends! We are aware of what we are aiming at. That is why in this Golden Jubilee year of the State, we have taken pledge to re-orient our efforts and emphasis; to renew our commitments for excellence and to think bigger and bigger. We are working hard to make this era of Gujarat a golden era. From our industrial clusters, Industrial estates and SEZs, we are now moving towards Special Investment Regions, which we call SIRs. These SIRs are going to be very big in size and scale. They will be developed as ‘Global Hubs of economic activity alongwith world class infrastructure, civic amenities and exemplary policy framework'. The development of these SIRs is in line with the development of the Delhi-Mumbai Industrial Corridor. These SIRs are going to become one of the biggest planned urban developments of the world. I am fond of calling them ‘a new Gujarat within Gujarat'. These developments are going to change the economic profile of the entire country. They will also make tremendous impact on the global economy. Our ports are going to play a very major role in this scheme of things. We are further upgrading the infrastructure between the upcoming Dedicated Freight Corridor and our ports. We are setting up mega logistics parks. We are setting up new airports along the SIRs. There is a huge potential for you in every infrastructure field in these developments. There is prudence for you to set up your businesses in these locations. Friends! These are historic developments. These are unprecedented developments. You should not miss this opportunity and the potential it offers.
Our job in the Government is to create the right kind of environment for you to come and enjoy your creativity. Gujarat is known for its handholding approach for the investors. Gujarat is known for better management of its public finance so that there is enough money for the right purposes and the inefficiencies are not transferred to you. Our PSUs have turned around, registering profits and reflecting one of the best market caps among the country's PSUs. We have replaced several existing operations in the economy with more efficient and environment friendly systems. Through a State wide Gas grid, we have changed the nature of the economy to a gas based economy. We have introduced CNG in our transportation systems. We are moving towards mass transport systems in the urban areas in a big way. Ahmedabad's Bus Rapid Transport System has not only been a successful story but has also been acclaimed worldwide.
Friends! I can say that what Gujarat is today is too small against what it is capable of becoming. We are confident that hereafter, Gujarat will be among the league of developed regions of the world. Our aim is nothing but to be the best in the world. My objective is to see that whatever best is available on the earth, must be available in Gujarat. With that objective, we are not only working hard, but are working in a disciplined manner. Our development expenditure is twice the non-development expenditure. We are not only working in a campaign mode to take a quantitative leap, but we are focused on the quality as well. We are trying constantly for achieving higher and higher standards. Many of our Government offices, including my own office, are ISO certified. Alongwith enhancing the production and productivity, we are making our activities eco-friendly and carbon neutral. We are aggressively tapping the renewable energy resources particularly in solar and wind. Hence, I am confident that:
Gujarat is not only growing today, it will continue its growth in future;
It will not only have enough for the present generation; it will have enough for the future generations as well.
In this light, I can offer a personal advice to you.
I have said elsewhere that-
If you want to be with the time, you should be in Gujarat
If you want to be ahead of time, you must be in Gujarat
Here, I would like to further add:
If you care for yourself, you should be in Gujarat.
If you care for your coming generations, you must be in Gujarat.
In lighter way- And in fact, if you think of your past generations,
You have to be in Gujarat.
Friends! Gujarat is known for visualising and acting upon things which others don't even think. I once again invite you to Gujarat. I assure you of all my personal support in realising your dreams. You will be surprised at the pace and pleasure with which your dreams materialise here.