Tag Archives: Economic Development

The Maharashtra, Gujarat double dose…

1 May

With phenomenal growth over the last few decades, India’s pharma industry has turned from a non-entity to a world leader in the production of high quality generic drugs. From about a few hundred crore rupees around the 1970s, drug production last year was worth over Rs 120,000 crore.
Image Till the 1960s, medicines were imported and the pharma industry was dominated by foreign companies. But now India has acquired a dominant position globally. Maharashtra and Gujarat have led the way in this journey.

• In 2011, Maharashtra’s share in FDI was 32.16% against Gujarat’s 4.72%; Maharashtra received 120 investment proposals against Gujarat’s 50. Maharashtra’s per capita income is Rs 87,686 against Gujarat’s Rs 75,115.
• Maharashtra is home to 3,139 pharmaceutical units. While Gujarat is a strong pharmaceutical manufacturing hub with over 3,000 units. Its rich base of supply of APIs has attracted many MNCs to set up facilities in Gujarat.
• However, the pharma industry in both Maharashtra and Gujarat received a setback with tax and excise exemptions offered by industrially backward States which resulted in quite a few units shifting their manufacturing facilities to those states for more attractive fiscal benefits.
• Although the Gujarat pharma industry is making rapid strides, Maharashtra still remains the country’s pharma capital.
• Goa is also now developing as the third State in the western region of India with a major presence of pharma manufacturing units. Goa’s power tariff compares very favourably with Maharashtra’s and Gujarat’s.

Chairman and Executives from Suzuki Corporation meet Narendra Modi

30 Apr

Chairman of Japan’s Suzuki Motor Corporation Mr. O.Suzuki paid courtesy visit to Narendra Modi and said that his company will soon start the construction work of its manufacturing plant at Bahucharaji. Chairman of Maruti Suzuki India Limited Mr.R.C.Bhargav said that company’s governing body has approved to start the works at Bahucharaji plant.

Image Welcoming Mr. O.Suzuki and the office bearers of Suzuki automobiles Mr.Modi said that Bahucharaji is going to become automobile hub. Mr.O.Suzuki praised the Gujarat government’s co-operation in setting up of its plant. He outlined how the company’s Bahucharaji plant will provide employment opportunities and will be instrumental in the development of ancillary auto manufacturing units. The CM expressed the state government’s willingness to offer a positive approach and co-operation.

Wow DC Design plans Rs.50 crore factory in Gujarat for supercar Avanti.

29 Apr

India’s first indigenously developed sports car from automobile designer Dilip Chhabria’s stable – DC Avanti – could be manufactured in Gujarat in the coming years. Chhabria is planning to set up a customised car manufacturing unit near Ahmedabad which will redesign and modify mass market cars.

Image“A new assembly plant is being set up at Talegaon near Pune that will have a capacity to manufacture 2,500 Avantis a year. We expect demand for Avantis to increase in the coming years and chances are that the expansion might happen in Gujarat. We are seriously thinking of Gujarat as the next step for Avanti,” said Chhabria on Wednesday.

The investment for the Gujarat factory will be about Rs.50 crore and would have a capacity of 3,500 units a year, including 2,500 Avantis.

Source: Indian Express

Wow Saffron, apple, cashew… Gujarat farms turn exotic

26 Apr

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Farmers of Gujarat are now challenging nature. Despite water shortage in the state, many farmers have been successful in growing crops like apples, saffron and cashew which are difficult to grow in water-deficient states like Gujarat. It needs lots of water and for which Gujarat’s climate is not at all favourable.

Yet some enterprising farmers have experimented and succeeded in growing these crops despite the unfavourable climatic conditions.

Businessman Rustom Cama has recently grown around 100 apple trees on his arid farmland near Mount Abu. The apples grown on his farm were of good quality.

As for saffron, AAU has grown this spice in greenhouses on its farm in Anand. The officials say that the quality of saffron grown in Gujarat is as good as that of saffron grown in Kashmir.

In Saursahtra and South Gujarat, farmers have been successful in growing cashew nut. Bharat Patel, one of the farmers cultivating cashew in Halvad, said he had grown around 150 cashew trees on his farm.

Source: DNA

Georgia ambassador lauds Narendra Modi’s Gujarat for attracting investments

23 Apr

Praising Narendra Modi led Gujarat for attracting numerous investments; Ambassador of Georgia Kachkachishvili Zurab said the state has developed “dynamically” in the last decade.

Image“This is my third visit to this wonderful state. It has attracted numerous investments and developed dynamically in the last decade,” Zurab said while addressing a seminar organised by CII. Quarter of the exports of India is from Gujarat,” he said adding that he hoped the state will invest in Georgia.

A group of more than 15 officials from Russia, Belarus and Eurasian countries will visit India and inspect the laboratories, whether it meets the required specific mandatory standards or not. “Depending on their suggestions, we will move ahead in exports of bovine-related exports,” the official said.

The exports between India and CIS countries are projected to touch 7.06 billion dollars by 2016 from the current three billion dollars, a senior central government official said.

Wow Gujarat FDCA joins hands with US drug standards setter.

22 Apr

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Gujarat attracted most private sector investments.

19 Apr

An industry study noted that Once again, Gujarat has proved to be among the most preferred investment destinations in the country as the state has topped in the private sector investment commitments across India as on December 2012.

Of the total outstanding investments attracted by the state of Gujarat worth over Rs 14 lakh crore as of December 2012, foreign and domestic private sources account for over Rs 10 lakh crore thereby registering a share of about 73%, the Assocham analysis noted.

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