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Welcome to Gujarat. India is an emerging economic super power Gujarat: Global business hub Highlights of Gujarat’s development Opportunities for collaboration.

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Presentation on theme: "Welcome to Gujarat. India is an emerging economic super power Gujarat: Global business hub Highlights of Gujarat’s development Opportunities for collaboration."— Presentation transcript:

1 Welcome to Gujarat

2 India is an emerging economic super power Gujarat: Global business hub Highlights of Gujarat’s development Opportunities for collaboration with Gujarat Vibrant Gujarat:2013 Flow of Thoughts

3 Vibrant India

4 2 Section 1 – India - Preferred investment destination The 2 nd preferred investment destination (World Investment Prospects Survey 2010-2012 by UNCTAD) USD 254 billion of FDI inflows between April 2000 and March 2012 9 th largest economy in the world by nominal GDP and 4rth largest by purchasing power parity (PPP) Recorded the highest growth rates in the mid- 2000s One of the fastest growing economies in the world (GDP – 8.6% in 2011) India is one of the major G-20 economies 17 th largest exporter and 11 th largest importer in the world CAGR Exports 14% CAGR Import 14% Main Export Partners US 13% UAE 12% China 8% Hong Kong 4% Main Import Partners No Change Decline Growth US 6% UAE 7% China 12% Australia 5% Saudi Arabia 6% A.T. Kearney Survey India – Preferred Investment Destination 16% 17% 18% 19% 20% 25% 26% 25% 26% 59% 58% 57% 56% 54%

5 The Global Business Hub 5 % Share of Global GDP (PPP) TRILLION $ ECONOMY 4 th largest economy in the world in PPP terms 7% ANNUAL GROWTH during global economic slowdown 8.6 % ANNUAL GROWTH PROJECTION for the financial year 2010-11 GDP Growth Rate (%) *Estimated

6 Booming domestic demand

7 Advantage India World's largest democracy with 1.2 billion people Enabling business environment with greater global participation Strong Market Fundamentals Land of abundant natural resources and diverse climatic conditions Impetus on Infrastructure Development Access to technology as a result of the IT revolution Competitively priced skilled labour Progressive simplification and rationalization of direct and indirect tax structures

8 Gujarat emerging as Global Hub

9 9 Why Gujarat? A highly industrialized state with 7.5% contribution to India's GDP (2011-12) Contributes 17% of India’s industrial output (2011-12) 26% share in investments (implemented projects) in India, till 2011 Highest contribution to India's exports (2010-11) - 25% Highest share of India's total port cargo is handled at Gujarat's ports (2011- 12) - 37%

10 10 Gujarat – economy on a high trajectory Gross State Domestic Product growing at a five year average of ~10% Highest Degree of Openness (ratio of exports from state to Gross State Domestic Product) at ~53% Source: Gujarat Socio-economic review 2011-12; Annual Survey of Industries 2008-09; DIPP SIA statistics

11 11 Robust manufacturing Gujarat is targeting to increase its manufacturing contribution to its GSDP to 32% in the next 5 years

12 Gujarat – leveraging strategic location GUJARAT London Newark Kuwait Doha Dubai Sharjah Singapore Muskat Sea-based trade destinations – West Europe, Middle East, Asia Destination of growing potential Gujarat has a 1600 km long coastline having 42 ports – the highest number of ports in any Indian state

13 Gujarat – robust infrastructure Robust physical infrastructure in tune with modern times -Excellent road network, the best in the country -Home to highest number of ports and airports in India -The only Indian state to have a state-wide gas integrated network of 2,800 km Power-surplus state with uninterrupted power supply in every town and village

14 Gujarat Ports Ports in Gujarat handled total traffic of about 342 MMT in 2011-12, accounting for 37% of total cargo traffic Due to our strategic location, we are looking to become a transhipment hub Ports in Gujarat handled total traffic of about 342 MMT in 2011-12, accounting for 37% of total cargo traffic Due to our strategic location, we are looking to become a transhipment hub Maroli Hazira Dahej Dholera Bhavnagar Mithivirdi Pipava v Simar Porbandar Okha Sikka Jamnagar Navlakhi Kandla Jakhau Positra Khambhat Mahuva Major Port Private Sector Ports GMB* Ports Jafrabad Mundra Sutrapad a Source : Indian Port Association Several firsts in India Private port at Pipavav in 1992 Country’s only Liquid Chemical Port Terminal at Dahej (PPP)

15 15 Gujarat – R&D Scenario Gujarat accounts for over 10% of the total R&D spending of India in 2010-11 The state has attracted maximum foreign technology transfer agreements from 1991 to 2011, giving further boost to research and development The state has over 35 R&D and specialized institutions, focusing on applied research for major manufacturing sectors including pharmaceuticals & biotechnology, chemicals & petrochemicals, auto & engineering, renewable energy, etc Key sector – Pharmaceuticals and Biotechnology. The state has 40% of the Contract Research Organizations in the country. Key R&D segments include clinical research, genetic engineering, drug research and development

16 16 Government initiatives Support for research and development institutions scheme Announced by the Government of Gujarat to support development in the R&D sector Operative period – February 2009 to February 2014 Proposed benefits – up-gradation of facilities and setting up of new R&D institution, testing facilities, incubation center, etc For assistance to contract/sponsored research work: R&D Institutions, including those established by Government and Private sector Institutions recognized by Department of Scientific and Industrial Research, Govt. of India and engaged in sponsored R&D work. AICTE approved professional colleges including autonomous as well as those affiliated to Universities, taking up sponsored R&D work from industry. For support to R&D Institutions, assistance of upto 60% of the project cost is provided (excluding cost of land and building) For assistance to contract/sponsored research work, assistance of upto 50% of the project cost is provided (excluding cost of land and building) subject to a maximum of INR 50 Lakh (USD 100,000)

17 17 Government initiatives – International Centre for Entrepreneurship & Technology (iCREATE) iCreate is the Gujarat government’s initiative to promote innovation. To be developed as a world class innovation centre on a sprawling 34-acre campus, aimed at providing the best environment to young entrepreneurs to innovate and create businesses which in turn will result in prosperity for the state as well as India

18 18 Gujarat – strong urban, social and educational infrastructure  Gujarat is home to some of the best educational institutes in India – Indian Institute of Management, Ahmedabad, National Institute of Design, Indian Institute of Technology  Gujarat is the first state in the country to successfully implement the Bus Rapid Transit System (BRTS) in Ahmedabad  Projects like Sabarmati River Front Development are unique to Gujarat with the aim of creating quality space for cultural and recreational activities  Surat, Vadodara and Rajkot are ranked amongst the fastest growing cities of India Ahmedabad voted 3rd fastest growing city of the world by Forbes

19 Gujarat Social development Human Development Indicators: Towards a better quality of life Gujarat’s focus on HDI has started showing positive impacts through increase in enrolment, reduction in drop out, reduction in both infant and maternal mortality and improved access to emergency 108 services 19

20 20 Gujarat – Industry Responsive human capital 200,000 Industry responsive manpower through 300 skill development centres by 2014 125,000 Industry responsive manpower through 250 ITIs every year 31% 15% 33% 31% 26% CAGR Source: Directorate of Employment & Training, Gujarat Intake has been doubled in the last 3 years Over 100,000 youth provided employment related skills by the Gujarat Knowledge Society Over 100,000 urban poor youth were provided skills-development training under the Umeed Yojana 16 Nodal Institutes designated across sectors like engineering & automobiles, plastic and packaging, textiles, apparel, chemical & petrochemicals, gems & jewellery and infrastructure through 7 Anchor Institutes

21 SEZs (55) Multi product Chemical Textile Pharma IT / ITeS Electronics Engineering Biotech Gems & Jewellery 202 Industrial Estates 83 product clusters Phase IPhase IIPhase IIIPhase IV Integrated large area developments Special Investment Regions (> 100 sq. km.) Industrial Areas (50-100 sq. km.) Delhi Mumbai Industrial Corridor Phase of industrial development Level of Integration Current phase – involving Integrated development of large areas like SIR, PCPIR and DMIC – is poised to transform the industrial scenario in the state Gujarat – a new paradigm for industrial growth 21

22 22 Multinational Companies in Gujarat Some Dutch Companies in Gujarat Royal Haskoning India Incotec India HaziraLNG Private Limited Gateway TechnoLabs Pvt. Ltd. Banner Pharmacaps India Private Limited Akzo Nobel Non Stick Coatings Limited

23 Ease of doing business Government and people who understand business and appreciate business people Industry implementation on a fast track Proactive state government which reaches out to industry Home to largest sponge iron factory of the world Home to cheapest car manufacturer of the world Home to largest petro-refinery of the world

24 Gujarat: Opportunities for Collaboration

25 25 Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) A comprehensive economic development project spread over 500 sq. km. Located in South Gujarat which is the centre of industrial clusters specially the chemical and petro-chemical industries and other water-intensive industries, requiring special arrangement Ahmedabad PCPIR

26 Gujarat International Finance Tec-City (GIFT) Globally benchmarked International Finance Centre 12 km from Ahmedabad International Airport) Central business hub Targeting Financial Services & IT/ITeS sectors Up to 90 million sq. ft. of real estate office and residential space First of it’s kind development in scale, scope and quality State-of-the-art infrastructure India’s first SEZ for global Financial Services – GIFT emerges as a forerunner of new opportunities in Gujarat

27 Exciting opportunities: Delhi Mumbai Industrial Corridor (DMIC) Haryana Rajasthan Gujarat Maharashtra Madhya Pradesh Uttar Pradesh Uttaranchal Arabian Sea Dadri J.N.Port End Terminals DFC Alignment  DMIC: a high impact industrial area within 150 km distance on both side of DFC  A Global Manufacturing and Trading Hub  Supported by world class infrastructure

28 Dholera SIR : Ideally located, widely connected Airport and Sea Port in the vicinity Express way and high-speed Metro Rail to link the SIR with Ahmedabad City Center, Industrial, Logistic, Knowledge and IT, Recreation and Sports, Entertainment World class residential facility A “Singapore” in the making!! Dholera Special Investment Region (DSIR) A world class development spread over 900 sq. km. DeterminantsUnits Total Area (including 22 villages) 900+ sq. km. Urbanizable area546 sq. km. Source: GIDB, GoG

29 29 Clean Energy, responsible development model, solar panels Development of wind- solar hybrid installations and biomass projects Development of solar manufacturing capacities Development of large scale solar parks and canal-top solar projects Tidal and geothermal projects first at a pilot scale, and then at a commercial scale Offshore wind projects development Development of distributed gas based power combined with non conventional sources Development of projects under solar rooftop programme (Bhavnagar, Surat, Rajkot, Mehsana) Project Fund required (USD billion) Wind2.65 SHP0.02 Bio Mass0.24 Solar3.82 WTE0.01 Total6.74 Investment requirement Non- Conventional power projects under private sector Source: Energy and Petrochemicals Department, Government of Gujarat

30 Metro-Link Express for Gandhinagar & Ahmedabad (MEGA) An SPV named ‘METRO-LINK EXPRESS FOR GANDHINAGAR & AHMEDABAD (MEGA) CO. LTD.’ as a Project Development Agency PROJECT COST The estimated construction cost is USD ~ 3.8 billion for a route of ~ 101 km

31 Vibrant Gujarat

32 32 Vibrant Gujarat 2011 Summit Partner Countries: Japan and CanadaPartner Organizations: UNIDO, JETRO and CBC 8,380 business intentions expressed Participation: 101 countries, over 1,400 foreign delegates and more than 35,000 Indian delegates Knowledge tie-ups: more than 70 TIE-UPS with leading institutions from across the globe Highlights of Vibrant Gujarat 2011 Summit

33 Vibrant Gujarat- A journey so far The journey from “investors’ summit” to “global business hub” 2003 2005 2007 2009 2011 Re- establishing Gujarat as Investment Destination Making Gujarat as Preferred Investment Destination Making Gujarat as Most Preferred Investment Destination Showcasing Gujarat – The Growth Engine of India The Global Business Hub 2013 The Global Business Hub A paradigm shift to an ideal platform for Knowledge, Social and Business Transformation

34 Vibrant Gujarat 2011 Partner Countries: Japan and Canada Partner Organizations: UNIDO, JETRO and CBC Exhibition Area: 35,000 sq m Events: 12 Pre-Event Seminars, 11 Pre- Summit events, 39 events during Summit Participation: 101 countries, over 1,400 foreign delegates and more than 35,000 Indian delegates Knowledge tie-ups: more than 70 TIE- UPS with leading institutions from across the globe Highlights of Vibrant Gujarat Summit 2011

35 VG 2013 - Summit Fore NoonAfter Noon 11 th January 2013 SUMMIT INAUGURAL Country seminar Partner Organization Seminar Sector Seminars State Seminars Round table B2B Meetings 12 th January 2013 SME Convention Youth Convention Country seminar Partner Organization Seminar Sector Seminars State Seminars Other Seminar Round table State Seminars Other Seminars VALEDICTORY B2B Meetings 13 th January 2013 B2G & B2B Meetings - Online match-making on Opportunity for Netherlands

36 SeminarTimingGoG Anchor Proposed Event Partner Partner Country/ Organization 11 th January 2013 Technology Solutions for Environment Sustainability 1400 - 1700E&FD & GPCBCIISweden Port-led Development 1400 -1700GMBCII South Korea & Netherland Wind and Solar Energy equipment manufacturing 1430 -1730EPD/ GEDAFICCI EU India Chamber & Japan, Denmark Developing integrated, smart, sustainable cities 1430 -1730GIDBCIIJapan, JETRO 12 th January 2013 Gujarat – An Emerging Destination for Financial Services 1000 -1300GIFTCIICanada Land use efficiency – Urban Development 1000 -1300UDDCII Youth Convention – Empowering Youth 1000 -1300Culture Dept.FICCIAIBC Gujarat – An Emerging Transportation Hub 1000 -1300ICACMA & SIAM SME Convention – Growth through Competitiveness 1000 - 1300IC Office & GIDC FICCI Seminars & Conventions during Summit

37 VG 2013 – Summit inquiry/investment-inquiry.aspx For more details about submit please visit For investment inquiry,please visit

38 About iNDEXTb

39 About iNDEXTb activities INDEXTb is the Gujarat’s investment promotion agency. To provide a platform for inward and outward investments to global investor’s community. Investment promotion both in industrial and infrastructure projects, acting as a single window facilitation center. Promoting foreign direct investments Handholding project implementation from conceptualization to implementation Coordination with various departments of the state and central Governments for various clearances and issue resolving Coordination with chambers of commerce and industries associations across India and abroad for promotion of trade and business. Slide 39 December 2011

40 Investment facilitation Portal December 2011 Slide 40 Detailed information on investing in Gujarat

41 41 Visit us at Welcome to Vibrant Gujarat 2013 Thank you! Partner countries - Japan and Canada

42 Help in understanding Tax Framework Business profits Dividends Interest Royalty/FTS Capital Gains* Branch profit tax** Domestic Company Distribution Tax Short term Long term 32.44% (net basis) 42.02% (net basis) 16.22% 21.01% NIL 42.02% (net basis) 21.01% (net basis) 10.51% (gross basis) 42.02% (net basis) Foreign Company Corporate Income TaxIndirect Tax TRANSACTION INDIRECT TAX GENERIC RATE Import of goods into India Customs duty* 26.85% Manufacture of goods in India Excise duty (CENVAT)* 12.36% Provision of specified services Service Tax12.36% Import of technology R&D Cess5% Sale of goods intra-state VAT**4% to 15% Sale of goods inter-state CST** 2% # or equivalent to local VAT rate Entry of goods into specific areas Entry Tax / Octroi** 4% to 30% * Customs / Excise duty rates would vary based on the description of the goods ** VAT/CST and Entry tax rates would vary based on the description of the goods and the State where the transaction is undertaken Tax rate for Interest, Royalty, FTS & Capital Gains is for non-resident recipient (subject to fulfillment of certain conditions under the Act). These tax rates are applicable if income exceeds INR 10 million (USD 200,000 approx.). * assuming shares are unlisted ** proposed under the Direct Taxes Code to be applicable from 2013-14

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