Highest Number of Operational Ports and Commercial Cargo Ports
2nd largest producer of crude oil (onshore) and natural gas Gujarat, one of the fastest growing states In India during 2013-17, ranked #4 In Ease of Doing Business by World Bank in2017. Gujarat occupied the topmost position in National Council of Applied Economic Research's State Investment Potential Index (N- SIPI) in both its editions in 2016 and 2017.
The State offers best-in-Class Infrastructure in the form of 42 ports and 16 airports, directly | connecting it to major cities and trading centers of the world. There are 19 operational Special ‘ Economic Zones (SEZ), 8 notified Special Investment Regions (SIR) and 182 Industrial Estates in Gujarat. Delhi Mumbai Industrial Corridor (DMIC) provides further impetus for industrial growth in Gujarat as 38% of the corridor less in the state.
Gujarat International Financial Tec-City (GIFT City) in Ahmedabad is the country’s first International Financial Services Center (IFSC) that caters to customers outside the jurisdiction of the domestic economy, Currently, 11 domestic banks Including State Bank of India and ICICI Bank have started their operations in GIFT City, with 3-4 foreign banks In the fray to ‘open their shops.
Gujarat is not only among the pioneers of India's growth story, but also a leader In various sectors including petrochemicals textiles, pharmaceuticals, automobiles, and gems and Jewelry, among others. The state, blessed with abundant natural resources, contributes 62% and 18% 1o India's petrochemicals production and exports, respectively. It is also India's largest producer and exporter of cotton.
A public-private partnership (PPP) is a project delivery model whereby private entities undertake large-scale engineering and construction projects, often on works with defined objectives and criteria under the supervision of a government agency for mutual benefit.
BOOT (build, own, operate, transfer) is a project that transfers the risk and responsibility for the design, construction and operation of a large public infrastructure to private developers.