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Posted: Oct 24, 2017
Gujarat was the first state to enact the Special Economic Zone SEZ Act, 2004. The unique and innovative form of SEZs would surely prove as the growth engine that can boost manufacturing facilities, enhance exports and generate incredible employment opportunities along the way. The Government of India introduced SEZ scheme to provide a hassle free operational regime and for encompassing state of the art infrastructure that Gift City Latest Update enhance the state's urban and industrial growth. SEZs cover industrial and labour aspects, including flexible labour laws and exit options. The concept of Fixed Term Employment introduced by the SEZ Act has helped in accounting for the least manpower days lost due to labour conflict, among comparable industrial states. A prosperous economic gateway is created for Gujarat with 1,600-km long coastline dotted with 41 ports.
It gives it an advantage of having access to all major port based countries such as UK, China, Japan, Korea and the Gulf countries it is as well as a gateway to the rich land-locked northern and central hinterland. Kandla was chosen to be a major port on the west coast by the Government after port of Karachi went to Pakistan after Independence. Total traffic at the Kandala port has always seen an upward move. It grew at around 14% CAGR during 2004-2005 to reach all most 80 MMT in 2009-2010 this is higher than the 8% average CAGR for Gift City News Major ports in India. India's financial services sector has transformed over the last decade with a market capitalization of over USD 200 by contributing 5% to GDP and employing over 3 million people. Given India's continued economic growth the financial sector will grow to double or triple the existing figures and to meet the emerging demand Gujarat has formulated a mega project named Gujarat International Finance Tec-City GIFT going world financial hubs, London and New York have played vital role in contributing immensely to both GDP and employment in their nations by tapping the needs of Financial Services. On the same line, from eastern part of world Singapore and Honk Kong have achieved similar levels of economic activity in a very short span of time.
Gujarat has as well as been a prominent leader in Green Revolution. It has achieved the agricultural growth of 9.6%. As of 2009, three times higher than the agricultural growth rate of India. The production of total food grains during the year 2008-09 is estimated at 63.45 lakh tonnes against the all India production of 2,339 lakh tonnes in 2008-09. Gujarat has the highest number of productivity levels in custard, castor, guava, potato, onion, cumin, fennel and cotton, the second highest productivity in groundnut and bajra and the third highest in gram, guar, banana and is a bgul in the country. In the 21st century, India has witnessed a remarkable growth in the real-estate sector. Not only the metro cities such as Delhi, Mumbai, Pune, Bangalore, and Chennai are seeing this development but as well as small regional towns of India are affected by this India real-estate boom.
About the Author
Property Mart is Leading Real estate Consultant in Bangalore from past couple of years offering to Book Prestige New Projects in Bangalore. For Booking Call us on: @ +08971315026 and Visit Out official site http://giftcityahmedabad.in
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