India is the 3 rd largest economy in terms of GDP (PPP): USD 5.06 trillion and 10 of GDP (Nominal): USD 1.89 trillion 1 th largest economy in terms
To be World’s Fastest growing economy between 2011-
2060 2
Ranked 2 nd , among developing economies for FDI
Investment Promotion Agency’s promising investor economies (‘13-15)
Ranked the 3 rd most attractive destination for FDI
UNCTAD’s World Investment Prospects Survey 2012-2014
Ranked 7 th as per AT Kearney’s 2014 FDI Confidence
Index
Quarterly GDP Growth of India (%)
5,7
4,8
4,4
4,7 4,6
2013 (Q2) 2013 (Q3) 2013 (Q4) 2014 (Q1) 2014 (Q2)
Sources: 1 World Economic Outlook Database, April 2014. International Monetary Fund. Retrieved April 8, 2013.,Annual %ages of constant price GDP are year-onyear changes; the base year is country-specific; 2 India Brand Equity Foundation International Comparison Program 2011, World Bank Report, April 2014
2
Demand and needs of future India
15 million
Annual growth in population
100 smart cities to be developed
With 49 % Foreign
Direct Investment allowance in defense and finance sector
Development of 16 new ports, 7 industrial
cities, with relaxation of FDI limit in real estate, etc.
~4 million Annual sale of vehicles by 2015
Ultra mega solar power projects proposed in 4 states of India including
Gujarat
At least 40 million
university places by
2020
700 – 900 million square meters of commercial and residential space to be built
189 billion litres/ day of water supply needed by 2030
3
Reasons to be in India
Young demography
Expanding Skilled
Workforce
High Competency
• 25% of world’s population under 25 years live in India
• Home to 25% of World’s skilled workforce by 2025
Growing Consumer
Demand
Growth at the
Counters
Frugal Innovation
• World’s 2nd largest pool of scientists and engineers working across the globe
• India Consumption will account for 40 % of Global
Middle Class 2050
• Retail sector expected to grow by 260% by 2020
• Current = USD 500 billion
• USD 910.75 million fund to facilitate talent development in R&D sector
4
Reasons to be in India
Well Engineered
Growth Story
Rural Growth Stories
Increasing infrastructure spend
• 1 st in Engineering Research & Development & Design
Outsourcing Industry
• Rural income estimated to reach USD 1.8 trillion by 2020-
21 from current USD 570 billion
• USD 1 trillion investment planned in by 2017
Mobility
Manufacturing the future
Lifesciences
• Telecom sector expected to grow by 435% by 2020
• 3rd largest smartphone market
• Expected to become the 2nd most competitive manufacturing destination by 2018
• Amongst the top exporters of formulations in volume
• Biotech industry to be worth USD 100 billion by 2025
5
An Enduring Strong Economy with SDP rising at an average growth rate of
10.1% since 2005 to 2013, more than the national average
Gujarat achieved an annual growth rate of 9.51% during 11 th plan (2007-2012)
GUJARAT
Ranked 1 st in India for “Economic freedom among States”
Economic Freedom of the States of India 2013
FDI equity inflows ~ USD 9.5 billion 1
Outstanding investments USD 255.4 billion 2
*SDP - State Domestic Product ; 1 From April 2000 to Feb.2014 , RBI’s Monthly bulletin dated: 11.04.2014; Note: Exchange rate : USD 1 = INR 61.70 as on 21 st
January, 2014 ; 2 CMIE (2012-13)
6
Gujarat’s share In India
5% of India’s population:
~ 60 million
6% of India’s Geographical Area:
1,96,000 sq.km
7.5 % of India’s GDP
9.5 % share in India’s
Workforce
10% of India’s factories are in Gujarat
13% Net Value
(Manufacturing)
25% of India’s exports
30% share in India’s stock market capitalization
40% of total Indian port cargo handled by
Gujarat’s ports (2012-13)
GUJARAT
Newark
London
77690 kms. roads
1 International & 16
Domestic airports
1 Major & 41 Minor Ports
5257.22 km railway lines
Kuwait
Doha
Dubai
Sharjah
Muskat Singapore
Gujarat, with a coastline of 1600 km is well connected to all the major port-based trade routes, such as USA, Canada, Europe, Australia, China, Japan, Korea, Gulf & African countries and other major trade cities of the world by air route
Gujarat acts as a Gateway to the rich northern and central hinterland of India; connecting them via road, rail and air - thereby providing immense trading opportunities
Source: Socio-Economic Report 2013-14
8
The state’s Gross State Domestic Product (GSDP) expanded at a CAGR of 17% from 2007-08 to
2012-13
8000
6000
4000
2000
0
GSDP
( INR billion )
2007-08 2008-09 2009-10 2010-11
Year
(P)
[3292.85]
2011-12
(P)
2012-13
(Q)
[3679.12] [4312.62] [5215.19] [5945.63] [6700.16]
Primary Secondary Tertiary
Gujarat attracted 131 FDI proposals worth USD
3.7 billion over 2011-12 and became the state with the second highest number of FDI proposals
The graph shows sectoral composition of Gross State
Domestic Product at current prices (in INR billion)
120000
100000
80000
60000
40000
20000
0
2007-08
G u j a ra t reg i stered a n i n crea se o f 1 1 . 2 % i n t h e Per C a p i ta I n co me fo r 2 0 1 2 - 1 3 , est i ma ted a t I N R 9 6 , 9 7 6 a t cu rrent p ri ces a n d w el l a b o ve t h e n a t i o n a l a v era g e o f I N R
6 1 , 5 6 4 fo r t h e sa me yea r
96976
87175
77485
64097
55068
50016
2008-09 2009-10 2010-11 (P) 2011-12 (P) 2012-13 (Q)
Note : (P) : Provisional; (Q) : Quick Estimates
Sources: CMIE, Gujarat State Socio - Economic Review 2013-14, DIPP - Department of Industrial Policy & Promotion;
9
Manufacturing
• Manufacturing sector contributed 25.2% to the Gross State Domestic Product (GSDP) in 2012-13
• Gujarat is the leader in the production of Soda ash (91%), Salt (66%), Petrochemicals (62%) and
Export of Diamonds (80%) in the country
• CAGR of investments in manufacturing sector in last 6 years is approximately 19%
Automobile and Auto
Ancillaries
Chemicals
• Gujarat has a sound base of 30 clusters comprising of castings & machine tools, brass parts, oil engines & electric motors, bearings, auto-ancillaries
• Gujarat will have an installed capacity of over 3 million cars per annum, nearly half of the total capacity in the country in the next 3-5 years
• Rajkot has approximately 500 auto component manufacturers with annual turnover of ~USD 130
– 150 million
• Gujarat accounts for 62% of India’s petrochemical production, 53% of other chemicals production and 18% of India’s chemical exports
• More than 6,600 chemical and petrochemical products are produced in Gujarat
• Largest supplier of bio-fertilizers, seeds, urea and other fertilizers -Largest caustic soda producing state with 1.6 million tonnes capacity
Pharmaceuticals
• Gujarat accounts to 33% of India’s pharma sector turnover and 28% of India’s pharma export
• 80% of world’s Isoniazid (used for treatment of tuberculosis) is produced in Gujarat
• Approximately 40% of India’s machinery for pharma sector manufactured is from Gujarat
10
Renewable
Energy
Agro & Food processing
ICT
Finance
Defense
• Gujarat contributes ~15 % to India’s renewable energy basket
• Gujarat has the highest solar generation potential in India of around 69,000 MW (Installed capacity: 891 MW as on 31/03/2014)
• Gujarat has Asia’s first and the largest Solar Park with a capacity of 590 MW at Charanka
• The agricultural growth rate in Gujarat rose from 3.3% in the 1990s to 11% during the decade
2001-02 to 2011-12
• Gujarat’s Share in World Production: Fennel – 67%, Castor – 67%, Cumin – 36%, Isabgul – 35%,
Ground nut – 8%, Guar Seed – 6%
• The ICT industry in Gujarat was estimated to be around USD 810 million including exports worth USD 270 million In 2012-13
• More than 1000 ICT & BPO companies including 5 medium sized companies operational in
Gujarat
• Gujarat contributes to almost 30 % of India’s stock market capitalization, 16 % to the country's total output and 19 % to exports
• India’s first Globally benchmarked SEZ for Financial Services, GIFT, aspires to cater to India’s large financial services & IT/ITeS potential by offering a world-class infrastructure and facilities
• With 49 % Foreign Direct Investment allowance in defense sector, India is set to strengthen its tie with foreign partners.
• Gujarat aims to target 35% of the possible defence Offsets to be sourced from India
11
Manufacturing
• Power equipment manufacturing
• Auto components
• Modern cement and textile machinery
• Electronic Components
Automobiles
• Assembling and manufacturing automobiles
• Auto Ancillaries
• R & D
• Process & Design
Agro & Food processing
• Natural resources- based opportunities
• Agricultural/Horticultural
Infrastructure projects
• Newer technology-based projects
• Export oriented processing
ICT
• New Age Warships
• Modern Aircrafts
• Advanced Rocket Technology
• Surveillance, Communications and Navigation Technologies
• Sensors/ Detectors/ Radars
Pharmaceuticals
• Medical devices manufacturing
• R&D in Clinical research and Genetic engineering
• Biopharmaceuticals
Finance
• Opportunities in
GIFT City
• Financial Service operations
• Capital markets and trading
Chemicals
• Textile Chemicals
• Pigments and Coating
Products
• Engineering Polymers
• Acrylic Fibres
Renewable
Energy
• Solar Parks
• Wind Energy Farms
• Wind Turbine
Manufacturing
• Smart grid
Defense
• ICT Parks
• Microprocessors
• Handsets
• Wireless
Communication
Systems for Defense
Sector
12
Gujarat Textile
Policy 2012
• To transform the state cotton industry as a leader in manufacturing of yarn, fabric and garments with a policy to work on five F’s – Farm, Fibre, Fabric, Fashion (Garment) & Foreign (Export)
Shipbuilding
Policy 2010
• To explore potential as well as resources available on the Gujarat coast for shipbuilding
• To enhance industrial growth in the state by encouraging establishment of downstream ancillary industries
Gujarat Industrial
Policy 2009
• To facilitate investments in the state, generate employment and adhere to high quality standards
Power Generation
Policy 2009
• To develop the state of Gujarat as a power-generation hub
• To have adequate availability of power in the state for agriculture, households, industry etc.
Solar Power Policy
2009
• To promote power generation of green and clean power in the state using solar energy
• To promote employment generation and skill enhancement of local youth
Special
Investment
Region Act 2009
• To facilitate the set up for the establishment, operation, regulation and management of
Industrial regions of more than 100 sq. km
13
Gujarat
A vision for integrated growth leading to a overall development
The current phase involving integrated development of large areas like SIRs, PCPIR and DMIC is poised to transform the industrial scenario in the state
13 Special Investment Regions (SIR) of more than 100 sq. kms each planned
57 SEZs
Multi-product
Chemical
Textile
Pharma
Petroleum, Chemicals & Petrochemical
Investment Region (PCPIR)
National Manufacturing Zone - Dholera
Gujarat International Finance
Tec City (GIFT)
186
Industrial
Estates
(functional)
IT/ITeS
Electronics
Engineering
Biotech
New industrial areas planned for agro parks, tourism, recreation and information technology
Knowledge Corridor
83 Products
Clusters
Gems &
Jewellery
Integrated Township
Stage 1 Stage 2 Stage 3 Stage 4
Scale of holistic development
14
15
Vibrant Gujarat :
The journey from “Investors’ Summit” to “Global Business Hub”
2011 & 2013
The Global Business Hub
Vibrant Gujarat 2015 Themes:
Knowledge Building,
Sustainability, Youth
Empowerment & Skill
Development, Innovation & R&D and Gujarat as a platform to do business in India
2009
Showcasing Gujarat:
The Growth Engine of India
2007
Making Gujarat as Most
Preferred Investment
Destination
2005
Making Gujarat as
Preferred Investment
Destination
Focus on Investment Promotion and Showcasing Gujarat as
Investment destination
2003
Re-establishing
Gujarat as
Investment
Destination
Global platform for networking, knowledge sharing, social and business transformation
Participation from - 121 countries
Foreign delegates - 2,100
Indian delegates - 58,000
Investment Intentions – 17,719
Strategic Partnerships 2,670
Partner Countries - Japan & Canada
Partner Organization - USIBC, JETRO, ICCC, UKIBC, AIBC
Exhibition Area - 1,00,000 sq. mt.
0900 – 1300 hrs: Inaugural Function
• Inaugural Address by Hon’ble Prime Minister of India, Shri Narendra Modi
1300 – 1400 hrs: Lunch
1400 – 1700 hrs: Partner Country Seminars
• 7 Partner Countries from across the world
1700 – 2000 hrs Global CEO’s Meet
• CEOs of Fortune 500 Companies, Eminent Economists, Noble Laureates and
Academicians
2000 hrs onwards Dinner with International Concert
0900 – 1300 hrs: Theme Seminars
• Smart Cities for the Next Generation
• SMEs : Gearing up for Global Competitiveness
• Gujarat: Preferred Hub for Defense Production
• International Finance Centre: A Platform for Global Business
• Water Management & Climate Change
• Healthy Gujarat: Leveraging Technology, Innovation and Enablers (TIE)
• CSR: Touching Lives and Making an Impact
• Energy: “Sustainable for All”
1400 – 1600 hrs State Seminars
1630 hrs onwards Valedictory Session
0900 – 1300 hrs:
• B2G Meetings with Policy Makers and Government Officers
• B2B Meetings between visiting companies
Australia
Canada
Netherlands Great Britain
South Africa
Partner Organizations
Japan Singapore
Knowledge Partner National Partner
• International
Leaders
• Union Ministers
• Fortune 500 CEOs
• Industrialists
• Young Entrepreneurs
• Investment Bankers
• Academicians
• Eminent Economists
• Noble Laureates
Vibrant Gujarat 2015 Global Trade Show
• Dates: 8th Jan – 13th Jan 2015
• Venue: Exhibition Ground, Gandhinagar
• www.vggts.com
• A Business Platform showcasing over 25 Sectors
• Area: 1,25,000 Sq. Mtrs.
• 2000+ Companies expected to participate
• Over 2 Million visitors expected
• Over 2,500 International Delegates
• International participation from over 101 Countries