Gujarat: The Global Business Hub

September - October 2010 | iNDEXTb
Issue 8
Gujarat
The Global Business Hub
Shri Achal Kumar Joti IAS
Chief Secretary Government of Gujarat
From the Desk

We are now less than 100 days away from Indias most awaited Global business event, Vibrant Gujarat 2011. With its robust infrastructure and strong fundamentals, Gujarat is growing at a higher pace than other Indian states. Gujarats urban centers are now putting up infrastructure at par with the most developed regions of the world. Whether it is the Bus Rapid Transport System (BRTS) that won the international accolades or the flyovers or the reduction in pollution, Ahmedabad is emerging as a fast developing city. That is how it has found place in the Forbes list of Worlds fastest growing cities. On this the honourable Chief Minister of Gujarat, Narendra Modi has remarked: So far, Gujaratis have made their second home across the world, now we invite the world to Gujarat. With many more upcoming projects like METRO, River front development, solid waste management and the proposed Delhi Mumbai Industrial Corridor, Ahmedabad is poised to grow at a much faster pace than ever before. The upcoming business summit, Vibrant Gujarat 2011, is all set to provide the world a stage for global business and knowledge sharing. Over the last few weeks, nine Vibrant Gujarat international delegations visited nearly 25 countries across the world. These delegation met business leaders, policy makers, opinion makers, diplomats, government and academic institutions and showcased Gujarats strengths in doing business. Along with Japan and Canada and a host of other institutions becoming partners, several Indian states have also partnered with Vibrant Gujarat and the summit will provide them a platform to showcase their strengths. I hope you have marked your calendar for 12-13 January 2011 Kindly register on www.vibrantgujarat.com to be a part of the Vibrant Gujarat success story.
Contents
FROM THE DESK 1
Message from Chief Secretary, Government of Gujarat
GUJARAT UPDATE
Top news and investments in Gujarat
INTERNATIONAL COLLABORATION
23
Delegations from Gujarat
EVENT CALENDAR
31
Highlights of the Important Meetings and Upcoming Events
Gujarat: The Global Investment Hub
GUJARAT UPDATE
GNRL plans expansion in oil exploration October 19, 2010 As part of the consolidation process in its oil exploration business, Ahmedabad-based Gujarat Natural Resources Limited (GNRL) is planning to infuse Rs. 15 crore for expansion. "We have already infused Rs. 35 crore for expansion in oil exploration and intend to use the remaining Rs. 15 crore in the near future for the same," said Mr. Shalin Shah, Executive Director, Gujarat Natural Resources Limited. Post acquisition, GNRL gained interests in six oil and gas fields including Allora, Dholasan, Kanawara, North Kathana, Unawa and North Balol. Of GNRLs portfolio, the six blocks currently produce around 46 BOPD of oil and 0.67 MMSCFD of gas. Surana Telecom secures 5 MW power project October 19, 2010 Surana Telecom and Power announced that it has been allocated Solar Power Project of 5 MW Capacity from the Government of Gujarat in accordance with the provisions of Solar Power Policy of the Government of Gujarat. The total investment in the project will be about Rs. 67.5 crore and the project shall be commissioned within a period of one year. Gujarat may attract 30 minor ports ASSOCHAM October 18, 2010 The proposed policy of Gujarat to develop new ports is likely to see the development of 30 new minor ports across its 1600 kilometers long coastline attracting around Rs. 90,000 crore over the next five years, said the Associated Chambers of Commerce and Industry of India (ASSOCHAM). Releasing the ASSOCHAM study on India's Ports, Shipping and Maritime Logistics, Mr. Sunil Kakkad, Chairman of ASSOCHAM - Gujarat Council said that the ever increasing integration of the Indian economy with the rest of the world has been creating higher demand for port services. He said that "The policy of Gujarat is to facilitate the landlocked states of the northern and central regions including Delhi, Punjab, Haryana, Himachal Pradesh, J&K, UP, Uttarakhand, M.P., Chhattisgarh and Rajasthan. Gujarat to have national institute for urban managers October 18, 2010 The central government has sanctioned Rs. 50 crore to the Government of Gujarat for the setting up of a national institute to train people in urban development. The Centres grant is in recognition of the fact that Gujarat leads among states in creating urban infrastructure and in its management. The proposed institute will be known as Gujarat Urban Development Institute (GUDI) and will be based near Gandhinagar. It will train manpower for civic bodies and carry out research in related areas. GUDI will also focus on technology and capacity-building in urban local bodies and start courses in urban development. It is going to be a national institute. The prime objective of GUDI will be capacity building, research in urban development, and training of staff of municipal corporations and municipalities, said Additional Chief Secretary, Ports and Transport Department, Mr. B. K. Sinha, IAS. He said that GUDI is going to play a pivotal role in urban development by providing trained and skilled manpower at a time when the country is witnessing rapid urbanization. Gujarat 2nd phase allotment for Solar PV and Solar Thermal Power Generation Project October 17, 2010 The State Government has fixed an investment target of USD 20 billion by 2015 and double it in
the next five years with a view to putting Petroleum, Chemical and Petrochemical Investment Region (PCPIR) on a fast track in Gujarat, which has already emerged as Indias petrochemical hub, accounting for 62 per cent of the countrys total petrochemical production. Speaking at a conference on Gujarat: the Petrochemical Hub organized by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), Principal Secretary (Industries and Mines), Mr. Maheshwar Sahu, IAS said all preliminary work had been completed in the states PCPIR spread over 453 sq km at Dahej in Bharuch district. He said a total of USD 632 million would be invested in infrastructure development in the PCPIR and another USD 13.7 billion would be invested for other developmental activities. He said the State Government was also giving priority to issues pertaining to labour laws to create an investor-friendly atmosphere to enable the industry compete globally. Godrej starts township project in Ahmedabad October 17, 2010 Godrej Properties Ltd (GPL) launched its largest township project spread over 250 acres. Godrej Garden City (GGC) designed by globally renowned architects Skidmore, Owings and Merill (SOM) will house 13,000 apartments. "This township project in Ahmedabad is the largest project in GPLs portfolio and will be built in a phased manner in 10 years with investment of over Rs. 7,000 crore. On completion, the township will house 13,000 apartments and villas," Mr. Adi Godrej, Chairman of the Godrej Group said after the project was launched by Honourable Chief Minister of Gujarat Mr. Narendra Modi. GMR Infrastructure to foray into solar power with 25 MW plant in Gujarat October 17, 2010
The Bangalore-based GMR Infrastructure Limited (GIL) said it has received permission from the Gujarat Government to set up a 25 MW solar power plant in the state. The proposed 25 MW project will be powered using photo-voltaic technology, which is currently the fastest growing power-generation technology in the world, the company said. According to GIL, the group has been in the business of power generation for the past 11 years. It has three operating assets with cumulative capacity of 808 MW and has 11 projects under various stages of development totaling 8,448 MW, out of which 4,138 MW is under construction and 4,310 MW is under development. The release said that, in a bid to tap solar energy for power generation, the Gujarat Government is aiming at 3,000 MW capacity of solar power generation in the next five years. According to its Solar Power Policy - 2009, the State Government seeks installation of 500 megawatts (MW) of solar power generators (SPGs) up to 2014. Under the policy, each solar photovoltaic or solar thermal project must have a minimum 5 MW capacity. SPGs installed until March 2014 are eligible for incentives such as exemption from payment of electricity taxes for 25 years or until the project life span, the release added. Gujarat planning environment townships in coastal region October 17, 2010 friendly
Honourable Chief Minister of Gujarat, Mr. Narendra Modi said that his government was planning to develop environment friendly townships in the coastal region of the state and promised special schemes for developers who would participate in the initiative. "Since tourism along the coastal belt is fast developing, in the coming days, a new Gujarat is likely to take shape in the coastal areas of state," Mr. Modi said. "We have planned a Panchvati scheme, wherein we would be developing townships in the coastal areas of the state. These townships
would have five basic elements like a desalination plant to convert sea water into potable water, a solar energy plant, ample space for planting trees, solid waste management and waste water treatment systems," Mr. Modi added. "If these five components are present in the township which will have low carbon emission, we would develop special schemes for those interested in building such townships along the coastline of the state," Mr. Modi said. Mr. Modi said that these townships would be developed in such a way that they would be self-sufficient. The Honourable Chief Minister also talked about the Swarnim Jayanti township scheme of the government under which townships for the poor who are eligible under various government housing schemes like Indira Avas and Sardar Avas Yojana would be developed. Mr. Modi said that because of the state's township policy, Gujarat has become a major attraction for investors around the world and even big companies now find it safe to invest in the housing sector. Mr. Modi further said that there was a huge scope for development of housing in Gujarat and invited those interested in investment in the sector. Gujarat aims to become Indias Green Dynamo October 12, 2010 The math is fairly straightforward, notes Mr. D. J. Pandian, the Principal Secretary for Energy and Petrochemicals for the state of Gujarat. The state - which has a population of 55 million people - will need 30 gigawatts of power capacity by 2020. It wants to get 20 percent of the total from renewables by that time, and it already has 3 gigawatts of renewable capacity, mostly from wind turbines. That means we need to install 3 gigawatts, he said in a phone interview. While most of the green industry has focused on China, India shouldnt be ignored, according to Mr. Pandian and others. The country's
population is larger, the need for electricity is similarly strong, and economic growth is following a similarly blistering trajectory. In Gujarat, the economy has grown as fast as ten percent annually in recent years. Perhaps even more significant for U.S. and European manufacturers is that India only has a few local established manufacturers like Suzlon Energy (wind) and Moser Baer (solar). Thus, its more of an open market. Gujarat, he added, doesnt even have a domestic content provision in its renewable energy policy. Gujarat itself created a feed-in tariff that provides producers 33 cents per kilowatt hour for 12 years and 12 cents per kilowatt hour for 13 years after that. Azure Power recently announced it would build a 15-megawatt, USD 40 million solar farm with help from Suntech Power Holdings and SunEdison in the state. Suzlon Green Power, a sister company to turbine maker Suzlon Energy, has pledged to invest USD 5 billion over five years in various projects, many of which will be located in the region. Jaiprakash Associates to setup a cement grinding plant in Kutch October 12, 2010 Jaiprakash Associates Ltd. (JAL), the flagship company of the well diversified industrial conglomerate Jaypee Group entered into an agreement with Dighi Port Limited for setting up a port-based, 3 million tonnes per annum cement grinding plant in the Kutch district of Gujarat. After commissioning of its first integrated cement plant in Kutch district, Gujarat and a large fly ash based cement grinding unit near Ahmedabad, the company is now implementing its second integrated cement plant along with a jetty in Kutch, taking the companys total cement producing capacity in Gujarat to over 5 million tons per annum.
Mr. Manoj Gaur, Executive Chairman of JAL said Gujarat is one of the fastest growing economies in India and is home to major ports in India's ancient and modern history, leading it to become one of the main trade and commerce center of India. To strengthen and further build up our companys position in Western India, JAL has entered into an agreement with M/s Dighi Port Limited for setting up a port-based, 3 million tons per annum cement grinding plant, a coal based captive power plant and a water desalination plant at Dighi Port. Dighi Port has leased 40 acres of land for a period of 40 years and shall provide its port facilities for incoming and outgoing bulk cargo. The estimated capital investment on the project is expected to be about Rs. 600 crore and the plant will be commissioned in 3 years. He further said The Industry will receive Clinker from its Kutch based plant through sea route and the finished product will be made available to the markets of Maharashtra, Goa, etc. The strategic location of the unit will also help in tapping export potential for cement. Mr. Modi meets 14 foreign envoys October 11, 2010 Honourable Chief Minister of Gujarat, Mr. Narendra Modi met ambassadors and high commissioners of 14 countries and sought to promote Gujarat as an ideal investment destination. The envoys of Argentina, Peru, Tajikistan, Georgia, Burundi, Rwanda, Sri Lanka, Vietnam, Hungary, Ethiopia, Cambodia and Nepal were among those who met the Honourable Chief Minister. They were invited by the state government on the occasion of the Navaratri Festival. Mr. Modi also urged them to participate in the 'Vibrant Gujarat Summit - 2011'. Mr. Modi outlined the state's industrial and infrastructural development and said that Japan and Canada would be the partner countries for the summit. According to an official statement, the envoys evinced keen interest in partnering
with Gujarat for the development of mutually beneficial sectors. Core Projects signs Knowledge Society October 11, 2010 MoU with Gujarat
Core Projects and Technologies Ltd. has signed a Memorandum of Understanding (MoU) with Gujarat Knowledge Society (GKS) to impart joboriented skill upgradation courses to students from colleges across Ahmedabad and Surat districts. Under the MoU, Core will roll out skill development courses across 18 verticals in the two zones, namely, Ahmedabad and Surat, which together have over 400 colleges. These colleges cater to a total of around 80,000 to 100,000 students with this tie-up, Core has taken a significant step towards educating and enhancing the employment potential of youth in Gujarat, the filing noted. "Education is an important part of an individual's upbringing and a step towards fulfilling one's dreams. At Core, we see this MoU as a tremendous opportunity to cater to the demands of the job market by empowering the youth with the requisite skills leading to excellent job opportunities," said Mr. Sanjay Mansotra, Chairman and Managing Director, Core Projects and Technologies Ltd. 'Israeli companies participation in Vibrant Gujarat Summit - 2011 will enhance ties' October 08, 2010 The participation of a large number of Israeli companies in the Vibrant Gujarat Summit - 2011 is expected to enhance ties between the state and Israel, Consul General of Israel, Ms. Orna Sagiv said. "We see huge potential in increasing ties between Gujarat and Israel, especially in the fields of innovation, biotechnology, nano technology, energy among others," Ms. Sagiv said after inaugurating a photo exhibition here
on 'Israel Through Indian Eyes' by Mr. Ritam Banerjee. "I visited Amul factory at Anand yesterday and met the officials there. Israeli companies will be willing to help increase in production of milk in the state as average cow milk yield is about 12,000 litres per year in Israel as against the yield of 2,000 litres per cow in India," she said. The Consul General said that Israel has been successful in managing water, creating more water resources, purifying waste water for agriculture and industry. "Ninety five per cent of water is recycled and reused in Israel," she said. "The same technology can be used in Gujarat. We have been able to make the deserts bloom in Israel, and it can also be done in this state. Agricultural technology transfers can also take place," Ms. Sagiv said. Israeli companies such as Netafim and Makhteshim-Agan were already making investments in Gujarat and there was a high possibility of more Israeli investment coming in the state, she said. "There is considerable increase in trade between the two countries which is likely to reach 5 billion USD by December this year while negotiations on Free Trade Agreement (FTA) going on between the two countries, is expected to result in touching a figure of about 14 to 15 billion dollar in the next couple of years," Ms. Sagiv added. Balkrishna Industries to set up its fourth plant in Bhuj October 05, 2010 Balkrishna Industries Limited, the manufacturer of specialty tyres, plans to set up its fourth plant in Bhuj, Gujarat, by the third quarter of fiscal 2013. It is a greenfield project, wherein we are planning to invest around Rs. 1,0001,200 crore over the next two years, said Mr. Arvind Poddar, Vice-Chairman and Managing Director, Balkrishna Industries Limited. Balkrishna is looking at increasing capacity from 1,50,000 tonnes per annum (tpa) currently to 2,60,000 tpa through the Bhuj plant. It intends to increase market share in India through the Bhuj facility. GMDC to Promote Green Energy Development October 04, 2010
The Gujarat Mineral Development Corporation (GMDC) has decided to set up its 10 MW solar power project in the Kutch region where the company has land for mining development. In the first phase of its wind power development, GMDC had commissioned its 19.5 MW wind plant located at Maliya in Rajkot region. In its second phase, the company is planning to set up a 40 MW wind farm at Jodiya in Jamnagar by October this year. The third phase projected in Porbandar and Kutch is expected to take on its total wind power production to 100 MW. GMDC had inducted around Rs. 110 crores during the first phase and has announced its plans to invest an additional amount of Rs. 490 crores in the rest of the phases. The PSU has set aside Rs. 800 crores exclusively for its green energy program which includes its announcement of Rs. 200 crores for the solar energy program. The company has set a goal to invest around Rs. 600 crore exclusively in wind energy sector before March 2011 and Rs. 200 crores in solar energy before March 2012. Mr. V. S. Gadhvi, Vice Chairman, GMDC said that the company has added 10 MW to its wind power production capacity in tone with the companys policy to stress on green energy projects. IL&FS to begin construction of a multi-storey at GIFT from January October 04, 2010 Infrastructure Leasing and Financial Services Ltd. (IL&FS) will start constructing the first multi-storeyed building of state's proposed global financial hub Gujarat International Finance Tech City (GIFT) being developed on lines of markets in London, Shanghai or Tokyo. "IL&FS is slated to begin construction of the first multistoreyed building of GIFT project from January next year," Gujarat International Finance Tec-City (GIFT) Company Director, Mr. R. K. Jha said. "The company has proposed to
invest close to Rs. 400 crore towards developing first one million sq ft of space for this project," he said. GIFT, is designed to have a 400 ft tall around 100 storeyed building 'diamond tower' in the centre, over 90 buildings surrounding it, many of them above 100 ft in height, along the banks of Sabarmati in Gandhinagar. The state government through its agency Gujarat Urban Development Company (GUDC) and IL&FS have established a 50:50 joint venture company (GIFT) to develop and implement the project. IL&FS, which had put in Rs. 200 crore as initial capital on formation of GIFT in 2007, has proposed to construct over 7 million sq ft of commercial and residential space in the multicrore project. "Over 600 acres of waste land along Sabarmati river has been handed over to GUDC, for the development of SEZ which aims to promote international financial services in Gujarat quite similar to the markets in developed countries," Mr. Jha said.
set up in 1967 as a joint venture of Grindwell and Norton Company of US, the then world leader in abrasives. The company is the leading manufacturer of abrasives (bonded, coated, non-woven, superabrasives and thin wheels) and silicon carbide in India. It also manufactures and markets high performance refractories and performance plastics products. RIL plans Rs. 40,000 crore investment September 27, 2010 Indias most valuable company, M/s. Reliance Industries Ltd (RIL), plans to invest in excess of Rs. 40,000 crore by 2014 to expand the worlds biggest refining complex it runs in Jamnagar, Gujarat. The company, controlled by Mr. Mukesh Ambani, has earmarked Rs. 16,000 crore to set up a cracker unit as part of a proposed petrochemicals project in Jamnagar. The cracker will produce ethylene, propylene, lowdensity polyethylene and monoethylene glycol that have a wide range of applications in industry. A further Rs. 15,000 crore will be invested in a coke gasification plant that will fuel power plants in the complex. It plans to spend Rs. 6,850 crore on a plant to produce paraxylene, used in the production of fibre and film, and a unit to manufacture butyl rubber that has applications in industries, including adhesives, agricultural chemicals and personal care products. Various supporting and ancillary projects would cost Rs. 4,000 crore. They include a fifth crude distillation unit (CDU) that would utilize crude from Mangala oil field in Rajasthan. It is the first time that RIL executives have specified the investment on the petrochemical projects in Jamnagar as part of an expansion drive called J3, which denotes the third phase of expansion of the complex. Apart from the proposed investment in the Jamnagar domestic tariff area (outside the special economic zone), RIL is also exploring the option of constructing a 5 million tonnes per annum (mtpa) floating re-gasification terminal for liquefied natural gas, or LNG, which isnt a part of J3. Half the imported LNG would be used for the firms own expansion.
Nikhil Adhesives to set up a new plant at Dahej September 30, 2010 Nikhil Adhesives announced that it has been allotted a plot of land measuring about five acres at Dahej-2 Industrial Estate by Gujarat Industrial Development Corporation (GIDC) for setting up a new plant. The company proposes to set up its third plant for manufacturing polymeric emulsions, solvent based adhesives, and plasticizers with an installed capacity of 40,000 MT per annum. Grindwell Norton setting up manufacturing facility in Gujarat September 28, 2010
Abrasives and refractory maker Grindwell Norton has acquired about 20 acres of land in Gujarat for setting up a manufacturing facility for high performance refractories. The project, which will involve investment of an estimated Rs. 54 crore, is expected to be completed by the end of 2011. Grindwell Norton Ltd (GNO), now a majorityowned subsidiary of Saint-Gobain in India, was
RIL is likely to announce the plans publicly at the Vibrant Gujarat conference for global investors to be held in January. The firm has so far invested at least Rs. 1 trillion in its Hazira, Vadodara and Jamnagar facilities in Gujarat, with Rs. 70,000 crore being spent on the two built-from-scratch refineries in Jamnagar alone. The refineries have 1.24 million barrels per day of crude processing capacity, equivalent to about 2% of global capacity or one-third of Indias capacity. In the proposed cracker project, the residual gases generated as by-products from the two existing RIL refineries in Jamnagar can be used as feedstock to produce petrochemical products. The gas is currently being utilized to fire captive power units in the Jamnagar complex. GNFC plans to invest Rs. 4000 crore for expansion September 25, 2010 As part of its efforts to add more products to its portfolio, Gujarat Narmada Valley Fertilizers Company Ltd. (GNFC) has drawn up an ambitious growth plan involving investment of around Rs. 4,000 crores over the period of next five years. At present, the company is in the process of implementing six projects with an estimated investment of Rs. 3,600 crore. Of these six projects, four include weak nitric acid-II, concentrated nitric acid-III, ethyl acetate, cogeneration power and steel units. All the four projects are expected to be mechanically completed and commissioned by December 2010. Apart from this, the state-run company is also executing toluene di-isocynate project with capacity of 50,000 metric tonnes per annum (MTPA) at Dahej and they are slated to be completed by December 2011. GNFC has also firmed up plans to take up ammonia plant feed stock conversion project. The total fixed cost of the project is Rs. 1,552 crore including capital cost, which will be reimbursed by the Government of India over a period of five years. However, initial investment
for this project is to be arranged by the company. This project is expected to be complete by June 2012. Gujarat joining hands with private players to promote tourism September 25, 2010 Striving to provide a fillip to the industry and tourism, Gujarat is seeking investment from private players. Mr. Vipul Mittra, IAS, Secretary, Tourism and Civil Aviation revealed the state was seeking investment ranging between Rs. 200 crore to Rs. 1000 crore per project for various tourism development related activities across Gujarat. Government of Gujarat has formed a company in association with IL&FS, named Gujarat Tourism Project Development Company Limited, to undertake various tourism development projects. The total investment potential in the state for creating tourism assets is to the tune of Rs. 48,000 crore out of which nearly Rs. 18,000 crore is expected in next 2-3 years, Mr. Vipul Mittra added. The Government of Gujarat was also in process for privatizing three airports in Gujarat viz Dwarka, Ambaji and Ankleshwar. Gujarat has set up a new aviation company Gujarat State Aviation Company (GUJSAC) to help the privatization of the airports in the state. Mr. Vipul Mittra said that they have received interest from few players looking to participate in the airport privatization. Gujarat is also exploring the possibilities of signing a Memorandum of Understanding (MoU) with the Punjab Tourism, for promoting tourism amongst the two states. Mr. Mittra said that both Punjab and Gujarat have the highest number of NRIs and both can showcase the tourist potentials to them abroad as well as within their own states. Gujarat can contribute 75 per cent of total petrochemical production: ASSOCHAM study September 23, 2010
Gujarats petrochemical industry is likely to contribute 75 per cent of the total countrys production as against its current share of 62 per cent. According to a study conducted by Associated Chamber of Commerce and Industry of India (ASSOCHAM), the state has a total capacity of 1180 KTPA (kilo tonnes per annum) and it has the highest share of polymer capacity in the country. Gujarat accounts for production of more than 51 per cent of major chemicals at its eight clusters in Vadodara, Bharuch, Ahmedabad, Bhavnagar, Jamnagar, Mehsana, Anand and Valsad. GM to invest Rs. 900 crore in Halol for commercial vehicle production September 22, 2010 Auto major General Motors India (GMI) will invest over USD 200 million (about Rs. 900 crore) to modify existing car manufacturing facility at Halol in Gujarat to make the plant compatible for commercial vehicle production in next 18 months. As part of joint venture with Chinese auto maker SAIC Motor Corporation, GMI is planning to manufacture commercial vehicle in Halol plant from the beginning of year 2012. Mr. Karl Slym, Managing Director and CEO of GMI, said that five more models including two in commercial category and three in passenger car segment would be manufactured at General Motor's manufacturing facilities in India. MDL likely to set up shipyard in Gujarat for building warships September 22, 2010 Central PSU Mazagon Dock Limited is likely to set up a shipyard along Gujarat coastline for building war ships, with an expected investment of Rs 1,000 crore, a top Gujarat Maritime Board official said. "A dialogue has already been initiated with the company officials for setting
up the shipyard in Gujarat. said Chief Executive Officer and Vice Chairman, Gujarat Maritime Board, Mr. Pankaj Kumar. "A team of MDL officials is scheduled to visit Gujarat in October to select a site for this proposed shipyard," Mr. Kumar said. According to Mr. Kumar, as per initial proposal the centre-run PSU is expected to invest close to Rs. 1,000 crore for setting up the shipyard. MDL is likely to explore opportunities for setting up the shipyard at one of the proposed marine shipbuilding parks by the Government of Gujarat, sources said. Neesa begins building biz hotel at Dahej SEZ September 21, 2010 Ahmedabad-based Neesa Group has started work on the first phase of its Rs. 30 crore business hotel at the Special Economic Zone (SEZ) in Dahej. Neesa Square, the 60-room business hotel at Dahej SEZ, which will be one of the three petroleum, chemicals and petrochemicals investment regions of the country, the other two being in Haldia and Vishakhapatnam. Neesa will play a critical role in the SEZ development as hospitality will be an integral support system as Dahej establishes itself as a global investment hub, said Mr. Pravin Kumar, Zonal Development Commissioner, SEZs and EOUs, Gujarat. With Dahej set to play centre stage in the global investment map, it is only natural that one of the fastest growing groups in the hospitality sector be entrusted with this assignment. We are proud to announce the commencement of the first phase of Neesa Square, being executed by Dahej Hospitality, a special purpose vehicle, said Mr. Sanjay Gupta, Chairman, Neesa Group. The second phase of the development of the 25,000 sq metre land alloted to Neesa by Dahej SEZ will comprise of a convention centre with a 1500 seating capacity, office space of 55,000 sq ft approximately and 90 service apartments.
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Gujarat chemical industry to grow to Rs. 5 lakh crore September 20, 2010 Gujarat is the chemical hub of the country, contributing around 55% of the Indian chemical industry's annual turnover. Ahmedabad alone has around 700 chemical companies. And, the size of the industry is set to grow further in Gujarat. Mr. S. C. Gupta, Joint Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, Government of India, said that the industry in Gujarat would grow to Rs. 5,08,750 crore by 2020, up 140% from the present Rs. 2,14,000 crore. The Indian chemicals industry currently has a turnover of Rs. 3,88,500 crore (USD 84 billion), which includes chemicals, petrochemicals, speciality chemicals and pharmaceuticals. It is likely to grow at the rate of 9% per annum, the rate at which the Indian economy is growing. By 2020, the Indian chemical industry is expected to grow to Rs. 9,25,000 crore (USD 200 billion), Mr. Gupta said. Orient Green setting up 50 MW wind power plant in Gujarat September 21, 2010 Orient Green Power Company Limited (OGP) is in the process of setting up 50 MW wind power project in Gujarat. The company has identified Amreli district in Gujarat for 50 MW wind power project which it expects to go on stream in fiscal 2012-13. The company has already started the work on the project, said Mr. T. Shivaraman, Vicechairman and CEO, Orient Green Power. In addition to the 50 MW plant, the company is also considering 100 MW wind power projects in the state, for which it is yet to finalize a suitable location. OGP, one of the largest independent operator and developer of renewable energy power plants in India, aims to
achieve installed capacity of 1049 MW by the year 2013. Gujarat inks deal with Goa September 20, 2010 Gujarat and Goa are all set to sign a Memorandum of Understanding (MoU) to promote tourism in their respective states. Goa Tourism Development Corporation, Managing Director, Mr. Nikhil Desai said the MoU will help both the destinations, which are major tourist attractions in the country. Such promotions will help both the states, Desai said, adding such arrangements are made to leverage each others strengths. While Gujarat attracts 1.65 crore tourists, which are growing annually by 30 per cent, Goa has 23 lakh visitors. Assam Company gets Government nod for Bharuch power plant September 15, 2010 Assam Company (India) has received a communication from the Energy and Petrochemicals Department, Government of Gujarat conveying that the State Government has no objection to the company setting up a gas based combined cycle 750 - 1000 MW power plant on the energy plant of 60 hectares of energy SEZ land located at Vilayat Industrial Estate, Bharuch, Gujarat. Assam Company India is a group comprising of companies engaged in tea plantation, oil and gas exploration and infrastructure development. Suryachakra proposes 50 MW solar power plant in Gujarat September 14, 2010 The company proposes to set up 50 MW solar thermal power project in the state subject to approval by NTPC Vidyut Vyapar Nigam Ltd. Accordingly, bids will be submitted shortly to NTPC Vidyut Vyapar Nigam Ltd, the nodal agency for this purpose, by Special Purpose Companies (50:50 equity partnership by SPVL and Flagsol) for setting up the projects for purchase of power for a period of 25 years.
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Gujarat is fast emerging as a hub of solar power generation as over a two dozen companies have firmed up their plans to come up with solar thermal and solar photovoltaic power projects in Gujarat. Some of these include names such as Clinton Foundation, Tata Power, NTPC, Adani Group, AES Solar Energy, Lanco Infratech, JSW Energy and Welspun Urja Pvt Ltd to name a few. The Government of Gujarat also came up with Solar Power Policy in 2009 and later on it allotted 716 MW of solar power capacity to 34 national and international project developers. Recently, Gujarat Urja Vikas Nigam Ltd (GUVNL), the apex electricity company in the state, inked Power Purchase Agreements (PPAs) with more than 20 companies to procure around 365x` MW solar power. The government is expected to take up another round of agreements for sourcing power generated from solar energy. Indian Bank to sign MoUs of Rs. 5000 crore at VG-2011 September 07, 2010 In a bid to give fillip to its Rs. 10,000 crore business target in Gujarat circle, Indian Bank is planning to sign Memorandum of Understanding (MoUs) worth Rs. 4,000-5,000 crore during the upcoming Vibrant Gujarat Global Investors Summit (VGGIS) 2011. The nationalized bank is eyeing sectors like infrastructure and micro, small and medium enterprises (MSMEs) through the MoUs. In the MSME sector, Indian Bank expects a business growth of 25 per cent, up from Rs. 300 crore currently to Rs. 400 crore by year end in Gujarat. With 100 per cent CBS based operations, Indian Bank is planning to open five more branches in Gujarat at Patan, Amreli, Palanpur, Sanand and Surat. From 49 branches in Gujarat currently we will move to 56 branches by March 2011. Also, during the current financial year we plan
to open 13 ATMs over and above the present 31 ATMs in Gujarat, said Mr. Bhasin. For the financial year 2011-12, Indian Bank plans to open 15 more branches in the circle. Petronet plans Rs. 2,300 crore expansion at LNG terminal September 03, 2010 Petronet LNG Ltd. (PLL) plans to invest Rs. 2,300 crore to install two more storage tanks at its LNG receiving and regasification terminal at Dahej in Gujarat. The Dahej terminal has four tanks and with the addition of two storage tanks, the total capacity will go up to 15 million tonne per annum (mtpa) from 10 mtpa at present. The tanks are used for storage and regasification. "We are looking at expanding the storage capacity at Dahej. We have initiated talks with the Government of Gujarat on this already," a senior PLL executive said. Chinese, Italian companies set up ceramic service offices in Morbi August 31, 2010 Chinese and Italian companies have opened offices in Morbi, Gujarat to provide after sales services to the ceramic industry. Morbi is well known as hub for ceramic items and vitrified tiles in Indian ceramic industry. As per industry sources, most of the parts and machineries come from China and Italy and companies from these countries are opening up offices to provide technical support. Moreover, the companies also intend to provide training to locals for operating the tools. "About 30-40 companies have started their offices in Morbi and their main purpose is marketing and after sales services. These are some of the major companies from China who provide parts and machineries for the ceramic industry," said Mr. Girish Pethapara, Managing Director of Decolight Ceramic Limited. According to Mr. Rajubhai Patel, President of Morbi Ceramic Association, Morbi imports about Rs. 300-400 crore worth parts and machineries from China and Italy every year which include leasing line, roller, pressing and printing machines.
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In past two years, about 30-40 companies have opened their offices in the town and more than 55-60 technical personnel have been providing services as well as training to the industries. "Each ceramic company has around 10-15 technical staff members, most of which are semi skilled persons so it becomes necessary to give knowledge of operating," said Mr. Patel. The city is home to more than 350 ceramic products manufacturing units. The main products of this ceramic city are best quality Ceramic tiles, Vitrified tiles, Floor tiles, Glazed tiles, Sanitary wares, Porcelain tiles, Spartek tiles, Roofing tiles and Mosaic tiles. Meanwhile, Mr. Rohil Remani, Managing Director of Ozzy Vitrified Pvt. Ltd. said, "We need technical support from them so it is more convenient for them to settle over here. Also they guide our staffs for operations." The industry manufactures more than 80 % of total ceramic production in India. India ranks fifth among tile makers globally, with the unorganized sector accounting for 55 % of the countrys total tile business, according to the Indian Council for Ceramic Tiles and Sanitary ware, an organization of tile makers. Industry gives direct employment to 85,000 people. Mundra Port begins operations at new terminal in Gujarat August 30, 2010 The Adani group firm, Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company said. The port will cost a total of Rs. 1,150 crore, almost half of which has already been infused. "Mundra Port and Special Economic Zone (MPSEZ) announces commencement of operations of the dry bulk cargo port at Dahej," the company said in a statement. The port is being set up by Adani Petronet Port Pvt. Ltd. in a joint venture with Petronet LNG at a cost of Rs. 1,150 crore. Petronet, which owns 24 % in the joint venture, is already operating an LNG import terminal at Dahej, along with a berth for ships.
The operations at the port started with the arrival of the first ship (M V Sesa Star Cosmos) today containing a consignment of coal docks at Dahej. "With the commencement of operations at Dahej, it would be the second operational port in Gujarat for MPSEZ and the only one which has become operational in the private port category in the last 4-5 years," it further said. The infrastructure sector-focused group is increasingly looking to acquire coal assets overseas to feed its power generation capacity. Adani Enterprises, the flagship company of the group led by billionaire Mr. Gautam Adani, had posted an over three-fold jump in profits to Rs. 407 crore for the first quarter of the current fiscal, mainly due to strong performance by its non-core businesses including the power segment. Earlier this month, Adani Enterprises, which is the country's largest coal importing company, sealed a ASD 3 billion deal to buy the coal assets of Australia's Linc Energy, to support its plan to expand power generation capacity to 20,000 MW by 2020. It was recently awarded preferred proponent status for developing the Dudgeon point terminal in Macay, Queensland, Australia. The company has also entered a USD 1.65 billion tripartite pact with an Indonesian firm to source coal. Its subsidiary, Adani Power, is working on 4,620-MW project in Mundra, Gujarat. It has also announced two power projects in the state, at Hazira and Dahej. ACIL enters into contract farming for 173 acres in Gujarat August 30, 2010 ACIL Cotton Industries said it has entered into contract farming with farmers of Sunderhagar, Gujarat, for cultivating organic crops over 173 acres of land. "As per the agreement, company will provide all facilities like irrigation system, technical
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assistance, quality seeds, organic fertilizer and labour (if required) to farmers for better yields," ACIL Cotton Industries (ACI) said in a filing to the Bombay Stock Exchange. The company has already started farming in 149 acres land in the same location and with the addition of 173 acres of land, the total area under the company for organic cultivation has now gone up to 322 acres. "This is the first step by the company to cultivate organic harvests as a model called integrated organic cultivation, which would guarantee farmers a market-supportive mechanism for selling their produce," the filing said. Besides, the company is in advance stage of negotiation for bringing another 100 acres of land in Bhavnagar, Gujarat, under the contract farming, it added. ACIL also said it has chalked out a plan to set up unique business model in corporate organic farming business and is going to establish a complete chain from farming to retailing the product. "The company will establish its own retail chain stores for selling its own product and even create own brand in very near future...It will help company to gain and post good profit in coming quarterly results," the filing said. ADB, IFC keen on solar park in Patan August 30, 2010 The Government of Gujarat is in talks with Asian Development Bank (ADB) and International Finance Corporation (IFC) to fund one of its most ambitious projects to promote solar energy, setting up of a solar park in Patan district of North Gujarat. About 3,000 hectares of government land has been set aside about 20 KM north-west of Santhalpur, where the park is proposed to set up by the Gujarat Power Corporation Ltd, the nodal agency for the project. The Clinton Climate Initiative has
agreed to propagate the plant as part of its green energy mission. ADB and IFC have shown interest in funding the infrastructure, including land development, water supply, gas supply and internal roads." The park would have three components for solar power generation of 5 MW to 50 MW units; solar manufacturing units, including panels and cells; and a skill development centre for the operation and maintenance of the solar park and other solar units. According to the initial planning, 2,000 to 3,000 personnel would be trained at the park. Gujarat bets big on tourism business August 30, 2010 Gujarat wants to make its mark on the global map as a popular tourist destination. From aspiring for foreign chartered planes landing at Kutch, to bird watching by travellers at Khijadiya, the state has chalked out an impressive tourism infrastructure development plan. Not surprisingly, the state's tourism development budget has gone up from Rs. 30 crore in 2006 to Rs. 350 crore this year. As per the BIG Vision 2020, prepared by the Gujarat Infrastructure Development Board (GIDB), the total potential for investment in tourism assets in Gujarat is to the tune of Rs. 48,000 crore. About Rs. 45,000 crore, out of this, is expected from private sector. Of the total Rs. 48,000 crore investment, about Rs 18,000 crore investment is expected in the next two to three years. In a bid to boost its plan to develop tourism, Gujarat will announce a new tourism policy in October this year. It is expected to bring in a number of relaxations to boost tourism infrastructure development in the state, including development of tourism zones and simplified processes for clearances. We will be spending around Rs. 350 crore on tourism infrastructure development. There will be number of incentives coming up in the tourism policy which will be announced around October, said Mr. Kamalesh Patel, Chairman, Tourism Corporation of Gujarat Limited (TCGL). The state is open to the Public-Private Partnership (PPP) model and at the same time has set the stage for private players in the development.
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We are developing 15 beaches in the state. We will spend Rs. 150 crore just in infrastructure at Saputara and Dang, which does not include the resorts that would cost anywhere around Rs. 40 crore each, said Mr. Anoop Shukla, Managing Director and Commissioner of Tourism, ioner Government of Gujarat. Gujarat opens door for Lankan companies August 27, 2010 The Acting Indian High Commissioner Mr. Vikram Misri, while speaking during a roadshow on fifth Vibrant Gujarat Global Summit to be held in Gujarat, said that VGGIS will be an at enormous opportunity for the Sri Lankan industrialists to expand their business out of the country. Private sector partnerships have given much promise to both Sri Lankan and Indian entrepreneurs to build and enhance their business capacities in the two nations, Mr. Misri said. Chairman and Managing Director of Rasna International, Mr. Piruz Khambatta said that Sri Lankan industrialists and traders have a remarkable opportunity to develop and expand their business in Gujarat, which is the second best performing state in s India that has recorded a double digit Gross State Domestic State Product (GSDP) over the past decade. Sri Lanka is emerging as a strong economy in the South Asian region and it is time that the country should embark on the opportunities and challenges to show development, he said. While India is taking the lead in the region, we want the other countries to partner with us. We could focus on the common markets and remove the unwanted barriers in accessing new markets and ventures, Mr. Khambatta said. Industrialists have to play a key role in exploring the opportunities in Gujarat with having many business friendly policies. The key areas that Sri Lanka could look at are agro and food processing and education sectors. Government plans power SUV for Dholera August 27, 2010
The state government has proposed a special utility vehicle (SUV) for power distribution in Dholera Special Investment Region. The SUV would collaborate with major private power generation companies to meet the power s requirements in the region. Citing the recently submitted report on Delhi Mumbai Industrial Corridor Development Corporation (DMICDC), the Gujarat Industrial development Board (GIDB) claims that the SUV can collaborate with any of the private p operators. The SUV would obtain a distribution license from the state government since the SUV would be a co-developer with the right to developer buy bulk power from any national grid provider in the state. The SUV can even trade power with a private operator at competitive rates. r The power distribution network in Dholera would be designed to be flexible enough to accommodate not only the estimated 1,700 megawatt but also variations in quantity and time of the incoming load. The state government has proposed to build a captive gas power plant of 270 MW. Drawing further estimates, the report mentions that the industrial load would be the main power consumer, taking approximately 63 % of the total demand with the social infrastructure constituting 27% while, the remaining 11% would be accounted for mixed loads. Nigerian investors invited to attend the 'Vibrant Gujarat summit August 26, 2010 Nigerian investors have been invited to participate in the 5th biennial Vibrfant Gujarat Vibr Global Summit on January 12 and 13 next year, with speakers at a promotional roadshow in the run-up to the global meet highlighting the up potential for investment alliances. Enlightening the oil-rich African country's rich business community on the potential of the global summit at a promotional roadshow in promotion Lagos, Resident Director of the Essar Group, Mr. Jayesh Buch said that the global meet aims at facilitating investment alliances between the
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participating countries. Mr. Buch said that Vibrant Gujarat has been a resounding success in the past, attracting several companies from Asia and Europe to establish their presence in Gujarat. "We are here to also see how Nigerians can join Vibrant Gujarat so as to improve on business opportunities here in the country. We are also looking forward to a meaningful partnership with Nigeria," he told on the sidelines of a preconference briefing in Lagos. Speaking on the importance and benefit of attending the summit, a consultant from PricewaterhouseCoopers said that the meet is usually attended by leading global economists and a galaxy of businessmen and policy makers. Honble Prime Minister Dr. Manmohan Singh's visit to Nigeria in 2007 gave a fillip to the bilateral trade and investment between the two countries. Before that, a concrete outline to back investment between the two countries had been absent, despite the fact that Nigeria is India's biggest trading partner in Africa. Indian companies in Nigeria are the second largest employers of labour outside the African country's federal government. Lux Hosiery plans to set up spinning unit in Gujarat August 25, 2010 Kolkata-based Lux Hosiery Industries is planning to set up a spinning unit in Gujarat and is scouting for land for the proposed project, according to government sources. Yarn is a major raw material for Lux Hosiery and Gujarat has also been promoting spinning to strengthen the textile value chain. Lux Hosiery is, therefore, keen on investing in Gujarat for setting up a spinning unit said a senior government official. The company is believed to be looking at a capacity of around 100,000 spindles at an investment of Rs. 250-300 crore. If set up, the spinning unit would help Gujarat raise the capacity by 400,000-500,000 spindles, which the government is targeting in the next 4-5 years at an investment of Rs. 900-1,000 crore. The government aims at ensuring setting up of at least 100,000 spindles per annum over the next 4-5 years to strengthen this vertical in the
whole textile value chain. In order to attract players, the government is emphasizing on ready availability of cotton, uninterrupted power supply and stable wage rates. The government is also encouraging existing textile companies in the state to set up or expand captive spinning units, the official added. Gujarat bats for FDI in multi-brand retail in food items August 24, 2010 Gujarat is in favour of foreign direct investment (FDI) in multi-brand retail in food items while many others have vehemently opposed the idea, a government official said. The Consumer Affairs Ministry, which monitors retail businesses, has invited suggestions from states on allowing FDI in multi-brand retail. So far, 13 states have responded, of which Gujarat is one of the two states in favour of allowing FDI in multi-brand retail in food grains and vegetables. At present, India does not allow FDI in multi-brand retail, but permits up to 51% in single brand retail while FDI of up to 100% is allowed in wholesale cash-and-carry trade. Follow Gujarat path to road reform: World Bank August 24, 2010 A latest World Bank (WB) study says exemplary reforms in Gujarat's highway sector should be replicated by the other Indian states to establish an "enabling framework" for creating "efficient governance". Titled "Good Governance in Highway Sector: Learning from Gujarat", the 60-page, yet-to-be-published report is based on the implementation of the World Bank-funded Gujarat State Highway Project (GSHP) during the 2001-07 period. The project was implemented by the state Roads and Buildings ((R&B) department. Identifying private sector involvement as a crucial factor in shaping the reforms, the bank
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points out how the R&B department, under Principal Secretary, Mr. S. S. Rathore, a technocrat, switched "from the role of provider to manager of road infrastructure". This enabled the department to embrace a whole-of-network approach to planning and management of road network development and maintenance, and to take a more integrated approach in the budgeting and funding process, the study says. As a result, GSHP "was implemented with a significant cost reduction (about 23%)", even as improving "the network to meet the rapidly growing transport demand in the state". The bank stresses that: "The GSHP had the unique distinction of no contract disputes, a rarity among highway development projects in India", even as it set best practices in "developing and managing a very comprehensive asset management system, state-of-the-art quality assurance framework and a very comprehensive training and capacity building programme. Noting that the current planned road network size in Gujarat of 74,111 km is among the highest in terms of network density per sq km in India, the report says, it is also "among the best managed networks". Investment in new roads in Gujarat increased six times compared to the pre-reforms times, with the state paying more attention to maintenance "than any other state". It spent USD 15% more than the second highest spending state, Kerala. As a result, the maintenance backlog has been reduced from 10,000 km to 5,000 km, including the 1,800 km reduction spurred by the GSHP. "Gujarat is one of the first states to develop a strategic or core road network by applying the 80/20 rule, i.e. 80% of the traffic is carried by 20% of the road network," says the report. First formulated during the GSHP, the concept was used during the development later, the bank says. However, it adds that the concept may go a long way in implementing the Chief Minister's
vision of travelling by road in the state between any two locations within six to seven hours. Arihant eyes 10 more branches in Gujarat August 23, 2010 As part its strategy to further strengthen its presence in Gujarat, Arihant Capital Markets Ltd., one of the leading financial services providers in the country, has firmed up its plans to add 10 more branches in the state. The company currently has four branches in Gujarat at Ahmedabad, Vadodara, Rajkot and Surat. "Arihant plans to start 10 more branches in Gujarat in 2010. The company has also unveiled its product priority client group (PCG) in Ahmedabad and has set up a special high-networth individual (HNI) desk for the same," said Mr. Ashok Kumar Jain, CMD of Arihant Group. Traffic at state ports jumps by 25% August 22, 2010 Gujarat's ports have experienced a whopping 25% growth in traffic during the first quarter of the current financial year (April-June 2010) as compared to the corresponding period of last year. An official note claimed that while the ports traffic between April and June 2009 was 45.46 million tonnes (MT), it reached 56.84 MT in April-June 2010, which is highest in the country. Expecting the growth rate to continue in future, the official note, issued by the Gujarat Maritime Board, said several special economic zones (SEZs), special investment regions (SIR) and port-led investment regions and industrial areas falling under the Delhi Mumbai Industrial Corridor (DMIC) are expected to emerge in Gujarat over the next decade which would give further fillip to development of ports. Pointing to how the demand for port services and port capacity was on the rise, the note said, the state government had approved Rs. 10,000 crore worth of port-related new projects, including six shipbuilding yards at Bhavnagar,
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Mahuva and Dahej for Rs. 6,000 crore, a bulk cargo terminal at Hazira for Rs. 2,250 crore, a private jetty at Navlakhi for Rs. 330 crore, port facility for importing coal at Sayala for Rs. 210 crore, and a single point mooring facility at Bhogat for crude oil to Cairn Energy. Among the recent achievements of Gujarat's ports include a solid cargo terminal at Dahej for Rs. 550 crore, a single point mooring facility at Sikkar for Rs. 600 crore for Bharat- Oman, a 550 metre long direct berthing jetty at Hazira by Essar for Rs. 800 crore, and vessel traffic management system for the Gulf of Khambhat for Rs. 150 crore, the note said. South Korean, Taiwanese industry majors evince keen interest in state August 19, 2010 With the fifth Vibrant Gujarat Global Summit (VGGS) 2011 round the corner, the event saw its first international delegation visiting Korea to interact with companies and trade associations. Led by Mr. Ravi Saxena, IAS, Additional Chief Secretary, Government of Gujarat, the delegation, on its visit to promote the Vibrant Gujarat 2011 investment summit and invite investments into Gujarat, received an overwhelming response with participation of about 80 Korean companies and trade associations in a roadshow organized on August 16 at Seoul. The delegation to Taiwan and Korea comprised of Mr. Pankaj Modi, COO, Mundra Port and SEZ Ltd., Mr. Sunil Parekh, Advisor, Zydus Cadila, Mr. P. K. Johri, Chief Executive Officer, ONGC Petro Additions Limited (OPAL), Mr. Rajiv Vastupal, Chairman, Rajiv Petrochemicals, Mr. Sunil Kakkad, Chairman, Sai Info Systems, Mr. Pankaj Saran, Chief Executive Officer, Gujarat Vittal Innovation City, Mr. Pratul Shroff, Chief Executive Officer, e-infochips Ltd., Mr. Dibyendu Deepak, Senior Business Analyst, OPAL and Mr. Jaimin Vasa, President, Gujarat Chemicals Association. Senior representatives from several companies like Samsung, Ssangyong Engineering and Construction Co. Ltd., S K E&C, Hanwha Group, Korea Importers Association, Korea Land & Housing Corporation, Daewoo E & C and Korea Maritime Institute, among others were present during the roadshow. Moreover, the B2B
meetings with companies and associations also saw participation of companies like Honam Petrochemcial Corporation, Samsung Constructions and Technology, Hyundai Heavy Industries, Small and Medium Business Corporation and Busan Port Authority among others, said Mr. Saxena. Talking about investment opportunities, Mr. Saxena said that there are several avenues of investments for Korean companies in Gujarat in the sectors of infrastructure development, IT devices, networks and applications, petrochemicals, renewable energy, shipbuilding and healthcare. Specific opportunities in the sectors of port and port led development and petrochemicals sector were discussed. Apart from Korea, the delegation conducted a roadshow at Taiwan and business meetings with several companies like Chungwa Telecom Co. Ltd., Transcend Information, Inc., TSRC Corporation, Chinese National Association of Industry and Commerce, TECO Group, Gartner, LCY Corporation, Gemtech, Foxconn Technology Group and CPC Corporation. Some of these companies have shown keen interest in attending Vibrant Gujarat 2011 event and investing in Gujarat. Both South Korea and India have set a target of increasing the bilateral trade to USD 30 billion by 2014. Eight other similar delegations will be visiting countries around the world in during the months of August and September to promote Vibrant Gujarat 2011 event and inward investments to the state. ABB to invest Rs. 200 crore in Vadodara August 19, 2010
Engineering major ABB will invest Rs. 200 crore by the end of 2011 towards setting up of new units and expansion of its existing facilities at Maneja. The company officials said this after inauguration of a new windmill generator factory. The windmill generator factory in which the company has invested Rs. 55 crore so far has
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the capacity to manufacture 100 wind power generators per month. We will be investing an additional Rs. 100 crore for setting up two other factories including one for gas insulated switchgear and enhancing our transformer manufacturing capacity to include high voltage systems of 765 KV, ABB Indias Vice-chairman and Managing Director Mr. Biplab Majumdar said: India ranks fifth in global wind market and its potential is over four times the present installed capacity which is around 10,850 MW, Head of Discrete Automation and Motion Division of ABB Group Mr. Ulrich Spiesshofer said, adding that while the installed wind capacity has grown in India from 1,107 MW in 1999 to 10,850 MW in 2009, wind generator market is expected to grow at a fast pace as new players are tapping the countrys wind energy resource which is around 48 GW. While total installable potential of India is around 48,560 MW, Gujarat which has 1,566 MW installed capacity has installable potential of 10,465 MW. Tata Chemicals may set up SOP fertilizer plant in Gujarat August 18, 2010 Diversified firm Tata Chemicals today said that it may set up a Sulphate of Potash (SOP) fertilizer plant in Gujarat if its joint research project with the Department of Science and Technology (DST) proves successful. "We have inked an agreement with DST to carry out a joint research project to manufacture SOP at Mithapur, in Gujarat. However, a full-fledged manufacturing plant can come up only after seeing the results of the pilot project," Tata Chemicals, Chief Operating Officer (Chemicals) Mr. Arup Basu said. DST, a body under the Ministry of Science and Technology, coordinates, supports, and oversees scientific activities and research in the country. Mr. Basu said that the company will initially produce 3 tonnes per day of SOP using sea water with the DST's technology. The pilot project will be up and running in the next 18
months, following which the company will take a call on setting up a full-fledged manufacturing plant. SOP is a superior potassic fertilizer, for which India banks entirely on imports at present to meet the domestic demand of around 6.5 million tonnes a year. GIDC to develop chemical, engineering zones August 17, 2010 In a bid to create an ecosystem of both large and small companies in the chemical and engineering industries, Gujarat Industrial Development Corporation (GIDC) is developing specific zones for small and medium enterprises in these two sectors. At its 4,000 hectare industrial estate near the Dahej Special Economic Zone, GIDC has reserved around 1,000 hectares for SMEs in the chemical and engineering industries. GIDC will give preference to those SMEs from chemical and engineering sectors which have forward and backward linkages with large enterprises already present in the estate in Dahej. The idea is to create an environment where hardly anything gets wasted, and everything gets utilized within the industrial fraternity at Dahej," said Mr. Arvind Agrawal,IAS, Chief Executive Officer and Managing Director of GIDC, on the sidelines of a seminar on eco-industrial parks organized by FICCI. According to Mr. Agrawal, GIDC intends to make the zone self-sufficient, with raw materials and waste products being utilized by both SMEs and large units to create other products and by-products. While SMEs in the chemical zone will be allotted 350-400 hectares, engineering units will get about 600-650 hectares, Mr. Agarwal said. The GIDC industrial estate already boasts of companies such as Indian Petrochemicals Corporation Limited, Adani Power and Meghmani Organics, among others. According to sources close to the development, GIDC is in possession of the land at Dahej and
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has also started receiving applications from units. Earlier, the Gujarat government had asked state-run companies like Gujarat State Fertilizer Corporation, Gujarat Alkalis and Chemicals Limited and Gujarat Narmada Valley Fertilizer Corporation to work with GIDC for valueaddition in the chemical sector. The idea was to promote the establishment of SMEs, especially chemicals units, in areas near the plants of these three companies, so that small units could use their chemical products and by-products. Also, many SMEs produce raw materials which are used by big chemical companies. Gujarat is a hub of the chemical industry in the country. Kurl-on to set up mattress manufacturing plant in Jhagadia August 14, 2010 Taking its mattresses manufacturing capacity up by 40 %, Kurl-on Ltd., part of the Rs. 2,000 crore Manipal Group, is setting up a plant in Jhagadia, Gujarat. To be set up at an investment of Rs. 80 crore, the plant will carry a manufacturing capacity of 4,000 mattresses per day. Currently, Kurl-on manufactures around 10,000 mattresses per day from seven facilities including two in Bangalore, two in Tumkur, Bhubaneswar, Gwalior, and Uttaranchal. Talking about the companys plans for expansion of capacity, Mr. Sudhakar Pai, Chairman, Kurl-on Ltd. said, We were required to up the ante by expanding our capacity and we found a good deal in Jhagadia, Gujarat where we were recently allotted a 25 acre land. We will be setting up a mattress manufacturing plant at an investment of Rs. 80 crore, funding of which will be done through internal accruals as well as private equity. While the new plant will initially manufacture mattresses at a capacity of 4,000 per day, we intend to later add other products including polyester fibre wadding. The plant, Kurl-ons first in Gujarat and 8th in the country, may also manufacture pillows, sofas and other furniture to support its Kurl-on Nest venture. We had launched Kurl-on Nest, a range of exclusive showrooms that will also offer products required from drawing to dining rooms including mattresses, pillows, sofas, bed
spreads and home furniture. While the furniture is being outsourced, we intend to set up our own manufacturing facility for the same, Mr. Pai added. With an annual turnover of Rs. 417 crore and a dealer network of 5,000 across India, Kurl-on now has its wings spanning across 45 offices and 50 godowns strategically located all over the country. Intending to set up two more manufacturing facilities, including one in Saudi Arabia, Kurl-on is also mulling entering the capital market to raise funds through an initial public offering (IPO). We may have to take the IPO route in a years time. However, the decision has not been finalized, Mr. Pai added. Nitta Gelatin to start Gujarat unit by March 2011 August 12, 2010 Nitta Gelatin India Limited (NGIL) will commission its new plant, meant for producing Limed Ossein, at Jhagadia industrial area in Gujarat by March 2011. This will be the fourth unit of the Kochi-based company, to be set up with an investment outlay of Rs. 30 crore. The company has two plants in Kerala, at Koratty and Kakkanad, and another at Nagpur in Maharashtra, where it produces gelatin, ossein and collagen peptide, which are used as nutritional supplements. Addressing a press conference here on Wednesday, Mrs. G. Suseelan, Managing Director, NGIL, said the company planned to strengthen its marketing activity and set a sales target of Rs. 500 crore by 2014-15. It would set aside Rs. 185 crore to meet this target, mainly through diversifying the product portfolio and capacity expansion. NGIL plans to launch its latest product, Collagen Peptide, under the brand name CollagenPep, in the southern states starting with Tamil Nadu. By April 2011, this would be launched in major metros of the country, to be followed by rest of the country. It projected a revenue of Rs. 50 crore from the sale of CollagenPep by 2012-13. The company introduced the new product, a functional food supplement for knee pain and osteoarthritis in the Kerala market in June and expected to sell about 17,000 jars a month in the first year. But due to the overwhelming
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response seen in the market, NGIL has increased its production by 3-4 times, and sales touched 25,000 in July alone. Mrs. Suseelan said that NGIL would soon introduce more products in the functional foods category for improving the bone strength mainly targeting women above 40. The product development process was in the final stages and clinical trials would be commenced by October. The new product is expected to be launched in April next year. The company is also working on a number of products including wound care and nutritional supplements for sports persons under the Gelixir brand. Zero level man-days loss makes Gujarat investors friendly, says Honble CM Shri Narendra Modi August 07, 2010 Honble Chief Minister Shri Narendra Modi in a meeting with delegation of office bearers of top investment firms across the globe said that a reliable environment is something that an investor looks for before investing and Gujarat has continuously managed to keep itself investor-friendly by taking various initiatives even in the time of global financial crisis. The delegation comprising about 15 office bearers of top investment firms of USA, Singapore, Hong Kong, Australia, Abu Dhabi besides India, were on a visit to Gujarat. The delegation showed interest in the subjects like state government policies, financial, agricultural and human resource management and the achievements of the government. The Honble Chief Minister said that the state government is adopting a new dimension of growth. New Gujarat' is taking birth along the 1600 km coast line and different types of modern cities are going to be developed along with special investor's zone.
He said that, in the planning made by the state government for the industrial progress, there is nearly no space for the grey-area and this is making Gujarat favorable for industries and investments. An amiable relationship between labor-owner is prevailing in industries and there are zero level man-days loss in Gujarat. Inviting the investors to participate in forthcoming Vibrant Gujarat Global Summit 2011, Honble Chief Minister said that there is no dispute regarding industrial land in Gujarat. The state government does not partner industries in buying of land. He suggested that every industrial house should push development of a sport and contribute in creating a sports culture in the country. Gujarat plans solar park scheme to promote green energy August 07, 2010 Soon after the apex state-owned electricity company Gujarat Urja Vikas Nigam Limited (GUVNL) signed the PPAs with 26 solar power project developers for 365 MW, the Government of Gujarat is gearing up for yet another round of long-term green power purchase. The Department of Energy and Petrochemicals will soon unveil Solar Park Scheme to facilitate the interested investors in solar power project. It may be mentioned here that GUVNLs PPAs are expected to bring in investments worth Rs. 5,500 crore by December 2011 under the Solar Power Policy 2009 with a target to install 500 MW by 2014. Armed with Solar Park Scheme following the enthusiastic response from the investors in signing solar power purchase agreements recently, the department is now learnt to have set even bigger target. It is learnt that the department has already started communicating with the potential buyers. It is also stated that the government has earmarked necessary land to accommodate solar power projects. The Gujarat State Energy Regulatory Commission is the first state electricity regulator in the country to have fixed tariff for
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solar power and GUVNL is the first state utility to have signed record PPAs for solar power. In August 2009, the government assigned 716 MW of generation capacity to 34 developers from India and overseas and GUVNL has so far inked PPAs for 365 MW. Gujarat had witnessed unprecedented enthusiasm in committing investments in solar power projects during Vibrant Gujarat Investors Summit 2009 following the announcement of Solar Power Policy in January. During the summit, 45 project developers promised investments worth Rs. 61,019 crore for 3,275 MW of solar power projects. Apar Group ties up with Neat Energy for solar plant August 05, 2010 The Mumbai-based Apar Group today announced partnership with Neat Energy, Inc., US, to set up a solar power generation facility of up to 40 MW near Bhuj in Kutch district, at an investment of up to Rs. 600 crore. Initially, the company would set up a 5 MW solar photovoltaic plant expending Rs. 60 crore, which would be subsequently scaled up. Dr. Narendra Desai, Chairman of the USD 500 million (Rs 2,250 crore) Apar Group, told that its group company, Apar Corporation Private Limited, signed the letter of intent with Neat Energy to build a 5MW solar photovoltaic power plant near Bhuj with the intent of scaling it up to a capacity of 40 MW. Now, the company plans to acquire land on the Bhuj-Bhachau road in Kutch district and the installation of solar power equipment will be completed in 18 months thereafter, he said. Dr. Desai said, in view of the Government of Gujarat's encouraging solar energy policy, Gujarat is likely to produce more than 1,000 MW of solar power in the near future and the state could even surpass countries like Germany, the USA and Spain. With cheap labour costs and technology upgradation, investment in this sector has come down substantially, up to Rs. 13 crore per megawatt. With various benefits available to solar energy sector, the entire one-time
investment made could be recovered within five years. Japans Mitsui plans steel plant in Gujarat August 05, 2010 Japanese conglomerate with revenue of around USD 30 billion (Rs. 1.4 trillion), Mitsui and Co. Ltd, is planning to set up a steel project in India, following in the footsteps of other global companies such as ArcelorMittal and Posco. Mitsui and its Indian partner Ruchi Group have firmed up plans to build a multi-product Special Economic Zone (SEZ) at Tagdi village in Kutch, Gujarat, which will house the USD 1 billion integrated steel complex, said a state government official familiar with the development. Mitsui and Ruchi have a 50:50 joint venture, Indian Steel Corp. Ltd (ISC), which is engaged in the business of setting up and operating steel service centres in India. ISC also has a steel cold rolling and galvanizing plant in Gandhidham with an annual capacity of 200,000 tonnes. The company has already acquired about 50 hectares of private land at Kutch and the transfer process for another 950 hectares of government land is on. The company has approached the state government for a total of about 1,000 ha of land for the project. The steel plant will have a production capacity of 1.2-1.5 million tonnes in the first phase, according to a proposal sent to the state government by ISC. The project also envisages an expansion plan to raise the capacity of the steel complex to 3-4 mt in the second phase. The projects will help bring in a substantial amount of foreign direct investment, said the government official. Many Japanese firms have shown interest in investing in Gujarat in the recent past, especially with 38% of the potential investment area of the Delhi-Mumbai Industrial Corridor (DMIC), promoted jointly by the Indian and Japanese governments, falling in the state. Gujarat has taken a lead over other states in
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chalking out a master plan for the first phase of DMIC spread across Ahmedabad and Dholera. Apart from demand and supply, the low cost of manufacturing in India makes a strong business case for companies to invest in the country. In developed countries, demand is growing at 23% compared with 10% in India, according to Mr. Ravindra Deshpande, a Mumbai-based analyst tracking metals and cement at Elara Capital Ltd. Capacities are currently being utilized at 75% in the developed world compared with 85% in the developing world, he said. Foreign companies are betting on growth as well as the lower cost of production by setting up plants in India, Mr. Deshpande said. If companies have captive mines and are manufacturing in India, the cost per tonne can come down to USD 400 per tonne from the USD 525-600 per tonne that it would cost elsewhere, he added. India has 30 multiproduct SEZs of which 13 are in Gujarat. They cover about 83% of the total land area earmarked for all such SEZs. Exports from all SEZs in the country stood at Rs. 2 trillion last fiscal, with those in Gujarat accounting for half. Of the three largest Indian SEZs in terms of exports, two are based in Gujarat. Gujarat tops in DMIC project execution: Mr. Amitabh Kant July 23, 2010 Gujarat is leading other states in implementing the projects coming under the Delhi-Mumbai Industrial Corridor, DMIC Corporation Chief Executive and Managing Director, Mr. Amitabh Kant said today. "In comparison to other states, Gujarat is leading as far as implementation of the projects related to the ambitious Delhi-Mumbai Industrial Corridor (DMIC) is concerned," Mr. Kant said. Mr. Kant, who was in Ahmedabad to review the progress of the Pithampur-Dhar-Mhow Investment Region of the DMIC, said the project is being jointly implemented by the Centre with financial support from Japan. It will provide
connectivity to the proposed Dedicated Freight Corridor to be developed by the Railways, he said. The entire DMIC project will be implemented in three phases over the next 15 years. For developing the Pithampur-Dhar-Mhow Investment Region, the DMIC Corporation has called for setting up a development authority for implementation. The project involves an investment of over Rs. 28,000 crore, he said. It also recommended early construction of the Indore-Dahod and Indore-Chotta Udaipur rail link and gauge conversion of the Ratlam-Indore-Khandwa section, and setting up water projects on PPP basis at Pithampur, and sharing the Narmada water for Investment Region, among others, he said. The key projects in the investment region include development of greenfield integrated townships and a BRT system, improving public transport connectivity, developing business and incubation parks and the Betma Hill Regeneration Project among others. The early-bird projects are water supply and waste water system for Pithampur, a multimodal export logistics hub, setting up a knowledge city and economic corridor, Mr. Kant said. Mr. Kant said a dedicated 1,000-mw gas-based power plant will be set up near Guna in MP for supplying power to this region.
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International Delegations
VIBRANT GUJARAT 2011: INTERNATIONAL DELEGATION TO THE MIDDLE EAST
A high-level 12 member delegation of business leaders and government officials from the State of Gujarat toured the Middle East covering (UAE, Oman, Qatar and Egypt) starting 26th September 2010 till 03rd October 2010. The 8 day tour comprised of meetings with top companies, organizations and institutions in Dubai, Sharjah, Abu Dhabi, Muscat, Doha and Cairo. Organized by the Government of Gujarat, the delegation was in these countries to showcase investment opportunities and discuss cross-border partnerships in advance of the much-awaited Vibrant Gujarat Global Summit on 12th and 13th January, 2011. The delegation conducted roadshows in all the 6 cities in association with their respective Chambers of Commerce and Industries. The delegation also had meetings with prominent companies like Crescent Petroleum, Emerge Invest, Abu Dhabi Investment Gate, National Bank of Abu Dhabi, Parsons, M B Holding Company, Oman Oil Company, Oman Zawawi Investment, Bahwan Engineering Company, National Trading Company, Saud Bahwan group, Zubaid Corporation, Hawar Group, Shell, Doha Bank, etc. along with other companies. Led by Mr. Tapan Ray, Managing Director, Gujarat State Petroleum Corporation, the delegation comprised of state government officials and top executives from leading business houses in Gujarat from various sectors. Mr. Piruz Khambatta, Managing Director, Rasna International, Mr. Ashok Modi, Executive Director, Torrent Power, Mr. Mahesh Vyas, Managing Director, John Energy, Mr. Shekar Patel, Managing Director, Ganesh Housing, Mr. Rajesh Gandhi, Director, Kingston Oilfield Services were some of the key members part of the delegation. The delegation also comprised of representatives from Gujarat State Petroleum Corporation, Industrial Extension Bureau, Government of Gujarat, PricewaterhouseCoopers (Knowledge Partner for the Summit) and Confederation of Indian Industry (National Partner for the Summit). Located on the western coast of India, Gujarat is a leading industrial state with a unique combination of a strategic geographic location, state-of-the-art infrastructure, a multilingual workforce and a high concentration of corporate and financial resources. Its proactive government and entrepreneurial population make it a perfect place for businesses to flourish. By carefully planning special industrial zones and investment regions, the state has created a conducive business and regulatory environment within many industries, including chemicals and petrochemicals, oil and gas, ports and port-led development, real estate and financial services. With Gulfs strong foothold in these sectors, the
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delegations meetings provided an excellent foundation for building partnerships that will invigorate the economies of both regions. On behalf of Gujarats Honourable Chief Minister, Shri Narendra Modi, the members of the delegation extended a warm invitation to business leaders, investors, corporations, academic leaders and policymakers in UAE, Oman, Qatar and Egypt to the upcoming Vibrant Gujarat Global Summit, 12th and 13th January, 2011, in the capital city of Gandhinagar. This biennial global summit will serve as the perfect platform to understand and explore business opportunities in the State of Gujarat, as well as an opportunity to showcase products and services and hold one-toone meetings and roundtable conferences between prospective investors and government officials. The last summit has been a major success with more than 20,000 delegates from 47 different countries gathering in Gujarat to discuss new cross-border investment opportunities or ways to expand existing operations. We look forward to welcome our gulf counterparts to Gujarat in January. Mr. Ray said.
VIBRANT GUJARAT 2011 SHOWCASED ON A GRAND SCALE IN FRANCE

The visiting delegation from Gujarat conducted road shows in Paris from 20th September to 22nd September. The delegation from Gujarat had a diverse set of leading Industry representatives which included Mr. Pankaj Patel, Chairman Zydus Cadila, Mr. Harish Sheth, Chairman, SETCO, Mr. Mihir Baxi, from Jyoti CNC, Mr. Sharad Rawal and senior government officials including Mr. A K Sharma, Secretary to Chief Minister, Government of Gujarat. The opening road show for Vibrant Gujarat 2011 organized at Hilton Hotel, in France was a huge success. It saw the presence of more than 70 company delegates and members of various trade and business chambers. The participation in the opening road show was from a diverse set of sectors right from core infrastructure, to Solid waste management, FMCG, banking, Chemicals. The visiting delegation gave a presentation on Destination Gujarat, and highlighted the current business opportunities in the State. A video film on the upcoming summit was also shown to the participants. Mr. A K Sharma in his presentation about Gujarat gave details about the project opportunities in Gujarat and ways of participating in the mentioned projects. Mr. Pankaj Patel, from Zydus Cadila and Mr. Harish Sheth, shared their experiences about working in Gujarat, and invited investors to participate in Gujarat projects. Few of the large sized companies that met the delegation during the visit were Veolia Environment, Veolia Transport, Veolia Energy, Loreal, Bouygues. The delegation also conducted round tables, at the offices of PricewaterhouseCoopers, Chamber of Commerce Paris. Paris Chamber They are looking forward for an alliance between
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Government and Chamber of Commerce. France wants a larger role in future for Vibrant Gujarat, and may look at the opportunity of partnering for Vibrant Gujarat event in future.
VIBRANT GUJARAT 2011: DELEGATION TO CANADA & US EAST COAST

A high profile business delegation led by Mr. D J Pandian, IAS, Principal Secretary, Energy and Petrochemical Department, visited Toronto, Regina, Winnipeg, Ottawa in Canada and Boston, New Jersey, New York and Washington DC in USA between 10th and 18th September 2010. The delegation was given a warm welcome by the Consulate General of India in Toronto. In the Financial Capital of Canada, the delegation attended five road-shows and held business meetings with over thirty companies such as Electrovaya, PanVest, ReichmannHauer Capital, the TMX Group, Canaccord Genuity, WorleyParsons, L3 communications, Gowlings, 5G, St. John Logistics, Imext Systems etc. The Delegation also had several academic meeting such as those with University of Western Ontario, University of Ontario, University of Ontario Institute of technology (UOIT) and University of Toronto. In Regina (Saskatchwean Province), besides several key meetings held, especially in the mining and energy sector, an MoU was signed between Enterprise of Saskatchewan and iNDEXTb to facilitate bilateral trade and investments. A high level road-shows was organized in Winnipeg in Manitoba where industrialists especially from chemical and food and agro sector showed interest. Ottawa the capital of Canada, was the last city in the country visited by the delegation. Like Toronto, the effort was immensely supported by the Consulate General of India in Ottawa as well as several key trade associations such as Canada India Business Council, Canda India Foundation, Indo Canada Chambe of Commerce etc. Some of the important meetings held in Ottawa were with Carleton University, University of Ottawa, Borden Ladner Gervais, Department of Foreign Affairs & Trade, Ottawa Centre for Research & Innovation etc. Besides the business, academic & institutional meetings held in Canda, the delegation also met several key diplomats and political leaders such as MP for Don Valley East - Ms. Yasmin Ratansi, MP Mr. Rod Bruinooge (Winnipeg), Senator Vim Kochchar, MPP - Mr. Bob Delaney, MP Mr. Derck Lee (House of Commons Ottawa), Minister of Enterprise, Deputy Government House Leader Honoruable Jeremy Harrison and Cabinet Secretary - Mr. Fredrick D. Mantey and others. The US leg of the visited started with Boston, where two important road-shows were organized by Tie. The delegation later attended the Swarnim Gujarat function on 11th September 2010 in New Jersey organized by Friends of Gujarat. The celebration is part of similar events scheduled worldwide to mark the 50th anniversary of the state on a global scale. Many celebrities and dignitaries from India and North America participated in the New Jersey event. Among them were spiritual leaders Ramesh Oza, Balchuk Gopeshji Maharaj and Yogi Amrit Desai; Pankaj Naram, renowned Ayurveda proponent; technology guru Sam Pitroda; Edison Mayor Antonia Ricigiliano, Jersey City Councilwoman Nadia Velasquez and New Jersey Health Commissioner Poonam Alaigh attended the Sept. 10 celebration.
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The delegation had a breakfast meeting with Mr. Benjamin Wurts, W.H.Murphy & Co. (Houston, TX), Suntech America, Astonfield Renewables, Hullspeed Energy Development & Finance, LLC, Amonix, Inc, Bp Solar in New York. The delegation presented on the Vibrant Gujarat and Renewable energy sector opportunities in Gujarat. Amonix senior board members have already visited Gujarat and are interested in investing in renewable energy sector. The delegation met Lt. Governor, New York State and extended invitation to Vibrant Gujarat. The delegation also met New York State Energy Research and Development Authority (NYSERDA) and The Solar Energy Consortium (TSEC) at the Lt. Governor office. Mr. Vincent Cozzolino, CEO of TSEC and his team are keen to discuss further on collaboration between Gujarat and NY in renewable energy production and the manufacturing of various requirements of renewable energy sector such as Solar cells and panels, wind turbines etc. In Washington DC, Congressman Eni F H Faleomavaega invited the delegation at the Capitol Hill. Congressman Jim McDermott, Ileana Ros-Lehtinen and Sheila Jackson Lee also attended the meeting with the delegation. A resolution in the House of representative was passed noting the visit of Gujarat delegation and invitation to congressmen to attend the Vibrant Gujarat 2011. During this visit, the delegation also met Yale India Initiative, City University of New York, GE Hitachi Nuclear Energy, World Bank, IMF and IFC. US India Business Council (USIBC) organised a roadshow in Washington DC with its members. The delegation also paid a courtesy visit to the Indian Ambassador to USA H. E. Ms Mira Shankar in Washington DC, she extended warm welcome to the delegation along with commercial counsel and her team.
VIBRANT GUJARAT 2011: DELEGATION TO NORTH AMERICA WEST COAST

Mr. M. M. Srivastava, IAS, Additional Chief Secretary, Finance Department Government of Gujarat lead a Business Delegation to North America West Coast for promoting the upcoming Vibrant Gujarat 2011 Summit. The delegation visited most of the important cities along the west coast of USA covering Los Angeles, San Diego, San Francisco in the California state and Seattle in the Washington state before concluding in Vancouver Canada. Several road-shows and meetings were held with various important companies in the focus sectors. Keen interest was witnessed from the local business community as well as from the NRGs, NRIs and people from the academia who showed up in large numbers everywhere. Apart from Mr. Srivastava, the Delegation comprised of leading industrialists representing companies such as Shell-Hazira, Torrent Pharma, Abellon Energy, Suzlon, Reliance, GNFC, Urja Investments, Checkmate, GSPC as well as organizations such as iNDEXTb, PwC and CII and CEPT. The delegation visited several important companies in each of the above mentioned cities to assess their international business agenda and to inform them about some of the possible avenues of collaborations with the state of Gujarat. Amongst some of the important companies, the Delegation had fruitful meetings with senior executives from Cisco, Oracle, Intel, Sunpower, Almex, Quality Aviation, Vinod Khosla Ventures etc. In Vancouver, the Delegation held meetings with few leading oil & gas majors such as Husky Energy, Bengal Energy, Niko etc.
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Amongst other meetings held, the Delegation visited Port of Los Angeles, Port of San Francisco and the manufacturing plant of Boeing in Seattle. Several key meetings were also held in most of the leading universities on the West Coast that included, University of Southern California, University of California Los
Angeles (UCLA), Berkeley, Stanford, University of Washington (Seattle) and University of British Columbia. In the meetings held with universities, several areas for strategic alliances with universities and educational institutions in Gujarat were explored. Overall, the visit to North America West Coast was a major success not only in terms of the number and quality of people met but also in terms of positive response to attend the Vibrant Gujarat Summit between 12th and 13th January 2011.
VIBRANT GUJARAT 2011: DELEGATION TO SWEDEN, LUXEMBOURG, ISRAEL AND DENMARK

The Government of Gujarat delegation lead by Mr. Mukesh Kumar, IAS, Managing Director, iNDEXTb, visited Israel, Sweden, Denmark and Luxembourg to promote investments in Gujarat from these countries and Companies, Associations and Government officials to participate in Vibrant Gujarat 2011. Some of the prominent companies that were met during the visit, Vestas, Cheminova, Cowi A/S, CHR HANSEN, Mekrot water, PBC, Netafim, Arcelor Mittal, Sweco, Luxembourg Stock Exchange and many more. The delegation carried out multiple round tables in these countries, met various prominent business and trade associations like Swedish Trade Chamber, Israel Export, Confederation of Danish Industries, Association of Luxembourg Fund Industry. The delegation also met top universities like Tel Aviv University, Karolinska University during the visit and tried to forge partnership with Gujarat based universities. The delegation expects large participation from these countries during Vibrant Gujarat.
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VIBRANT GUJARAT 2011: DELEGATION VISIT TO UK, NETHERLANDS, SPAIN AND GERMANY
A delegation led by Mr. Guruprasad Mohapatra, IAS, Managing Director, Gujarat Alkalies and Chemicals Limited visited UK, Netherlands, Spain and Germany during 12th-24th September to promote the Vibrant Gujarat 2011 event and also involve the diaspora in Swarnim Gujarat celebrations. In UK, the delegation met representatives of top trade and business bodies like UK India Business Council, Commonwealth Business Council and Asia House. The delegation organised a successful roadshow and interacted with about 40 companies regarding investment opportunities in Gujarat. The delegation, on behalf of Industrial Extension Bureau (iNDEXTB), Government of Gujarat, signed a MoU with Leicestershire Asian Business Association (LABA) to promote mutual trade and business. The delegate members also met representatives from the London School of Economics (LSE) and discussed possible collaboration opportunities between education institutes of Gujarat and LSE. In Netherlands, the delegations had 1:1 interaction with 12 trade bodies and companies. Specific investment opportunities were explained. The representatives have shown keen interest in participation in the Vibrant Gujarat summit. The delegation met Limburg Chamber of Commerce and several logistics companies who showed keen interest in developing logistics facilities near the DMIC corridor passing through Gujarat. At Spain, the delegation met the Ambassador of India to Spain, His Excellency Ms. Sujata Mehta. The delegation organised a successful roadshow in collaboration with Confederation of Employers Organization. A delegation of companies from Valencia met the delegation and shown interest in investing in Gujarat across various sectors like food and agro, water, renewable energy and infrastructure. The delegation also met representatives of Spanish Institute of Foreign Trade and discussed the requirement of increasing trade and opportunities of investment. The delegation members visited IESE Business School, rated as one of the best business schools in Europe, and discussed possible opportunities of collaboration between IESE and IIM Ahmedabad, Indias premier business school. In Germany, the delegation met several trade associations and chambers of commerce like Frankfurt Chamber of Commerce, German Trade and Invest, Hamburg Chamber of Commerce and FrankfurtRhineMain. All the associations promised support to the Vibrant Gujarat 2011 summit and said that they will constitute delegations to visit the summit. The delegation comprised of few of the top industrialists from Gujarat. The members of the delegation were Mr. Mahendra Patel, Chairman and Managing Director, Mamata Group; Mr. B Parmar, Director, Suzlon Group of Companies; Mr. Shaleen Sharma, Managing Director, Gujarat Gas; Mr. S C Goyal, Director, Alok Industries; Mr. S D Patel, Chairman, Gujarat Institute of Housing and Estate Developers; Mr. Arpit Vyas, Director, Dishman Chemicals and Pharmaceuticals; Ms. Beena Hiremath, Business Head, Abellon Clean Energy; Mr. Kamlesh Thakkar, Senior Manager, Abellon Clean Energy; Mr. Sahil Shah, Manager, Abellon Clean Energy and Mr. Kalpesh Sheth, Assistant General Manager, iNDEXTb.
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VIBRANT GUJARAT 2011: INTERNATIONAL ROADSHOWS IN SOUTH KOREA AND TAIWAN

To promote the Vibrant Gujarat 2011 investment summit and invite investments into Gujarat, the first international delegation visited Taiwan and South Korea in August. The delegation was led by Mr. Ravi Saxena, IAS, Additional Chief Secretary, Government of Gujarat. A roadshow was organised in Seoul titled Investment opportunities in Gujarat. The roadshow received overwhelming response with participation of about 80 Korean companies and trade associations. His Excellency Mr. Skand R Tayal, Ambassador of India to South Korea addressed the inaugural ceremony and set the platform for discussions on developing business relationship between Korea and Gujarat. Mr. Ravi Saxena said that there are several avenues of investments for Korean companies in Gujarat in the sectors of infrastructure development, IT devices, networks and applications, petrochemicals, renewable energy, shipbuilding and healthcare. Specific opportunities in the sectors of port and port led development and petrochemicals sector were discussed. Senior representatives from several companies like Samsung, Ssangyong Engineering & Construction Co. Ltd., S K E&C, Hanwha Group, Korea Importers Association, Korea Land & Housing Corporation, Daewoo E & C and Korea Maritime Institute amongst others were present during the roadshow. The roadshow was followed by B2B meetings with companies and associations like Honam Petrochemcial Corporation, Samsung Constructions and Technology, Hyundai Heavy Industries, Small and Medium Business Corporation and Busan Port Authority amongst others. The delegation organized a successful roadshow at Taiwan and business meetings with several companies like Chungwa Telecom Co. Ltd., Transcend Information, Inc., TSRC Corporation, Chinese National Association of Industry and Commerce, TECO Group, Gartner, LCY Corporation, Gemtech, Foxconn Technology Group and CPC Corporation. Some of these companies have shown keen interest in attending Vibrant Gujarat 2011 event and investing in Gujarat. The delegation to Taiwan and South Korea comprised of Mr. Pankaj Modi, COO, Mundra Port And SEZ Ltd., Mr. Sunil Parekh, Advisor, Zydus Cadila, Mr. P K Johri, Chief Executive Officer, ONGC Petro Additions Limited (OPAL), Mr. Rajiv Vastupal, Chairman, Rajiv Petrochemicals, Mr. Sunil Kakkad, Chairman, Sai Info Systems, Mr. Pankaj Saran, Chief Executive Officer, Gujarat Vittal Innovation City, Mr. Pratul Shroff, Chief Executive Officer, e-infochips Ltd., Mr. Dibyendu Deepak, Senior Business Analyst, OPAL and Mr. Jaimin Vasa, President, Gujarat Chemicals Association.
VIBRANT GUJARAT 2011: DELEGATION TO SRI LANKA AND SINGAPORE

The delegation, led by Mr. B. B Swain, IAS, Industries Commissioner, Government of Gujarat, visited Singapore and Sri Lanka, during the period 21st to 28Th August, 2010. Singapore is currently Indias 6th largest trading partner. Many Fortune 500 companies have made Singapore, as their Asia-Pacific regional headquarters. Singapore has also emerged a leader in the development of industrial parks; an area Gujarat is very keen on developing.
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Sri Lanka was the first country with which India signed an FTA. The Government of Gujarat wants to take full advantage of the rapidly developing economy of Sri Lanka, post conflict. Some of the companies and associations that were met during the visit were Hyflux, BCA Singapore, IE Singapore, SICCI, SCCCI, Dystar, Standard Chartered, ITOCHU, SHG Technology, auditing firms, Petro Global, Investment, Ascendas, Temasek Holdings, ST Engineering, Sembcorp, Jurong Port, Hemas, Capital Maharaja Group, Prima, Dilmaah etc. Both Sri Lanka and Singapore are expected to bring large delegations for Vibrant Gujarat 2011.
VIBRANT GUJARAT 2011: DELEGATION TO NIGERIA, UGANDA AND KENYA

Vibrant Gujarat delegation visited three African countries including Nigeria, Uganda and Kenya during 21st August and 30th August 2010. Nigeria is the most populous African nation. The delegation met Indian Professional Forum in Lagos which is headed by H E High Commissioner of India in Nigeria. The delegation had a road show in Nigerian capital Abuja along with Nigerian Investment Promotion Commission (NIPC). The delegation also met Nigerian National Petroleum Corporation (NNPC) board members. Nigerian economy is dominated by Oil and Gas sector. The delegation had a meeting with biggest African conglomerate Dangote Group. The head of the group, honorable Allahji Aliko Dangote, and his team are interested in Infrastructure sector in Gujarat. The delegation met Honourable Minister for Industries of Nigeria in Abuja and invited her to the Vibrant Gujarat 2011. The delegation had a road show with Uganda Investment Authority and an evening reception with Indian Association. The UIA and Indian Association had led a huge delegation in Vibrant Gujarat 2009. UIA and Indian Association members have shown a great interest to participate in Vibrant Gujarat 2011. The delegation met Kenyan Minister of Information Technology, Kenya Vision 2030, Kenya Association of Manufactures. The Hindu Council of Kenya hosted a road show for the delegation with leading Kenyan industrialists. Kenya Association of Manufacturers chairman Mr. Jaswinder Bedi and past chairman Mr. Vimal Shah of Bidco Oil Company along with Minister for IT and Industries Department officials have shown a keen interest in bringing a delegation to Vibrant Gujarat 2011. The Kenyan Prime Minister was the guest of honour in Vibrant Gujarat 2009.
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Events in October 2010 Contact Us

Industrial Extension Bureau Block No 18 2nd Floor, Udyog Bhavan Sector 11, Gandhinagar 382010 Gujarat, India +91 79 232 41663 +91 79 232 56592 +91 79 232 50492 +91 79 232 50493 Fax: +91 79 232 50490 indextb@indextb.com Find us on the Web: www.indextb.com www.vibrantgujarat.com
Mr. Modi meets 14 foreign envoys

Honourable Chief Minister of Gujarat, Mr. Narendra Modi met ambassadors and high commissioners of 14 countries and sought to promote Gujarat as an ideal investment destination on October 11, 2010. The envoys of Argentina, Peru, Tajikistan, Georgia, Burundi, Rwanda, Sri Lanka, Vietnam, Hungary, Ethiopia, Cambodia and Nepal were among those who met the Honourable Chief Minister. They were invited by the state government on the occasion of the Navaratri Festival. Mr. Modi also urged them to participate in the 'Vibrant Gujarat Summit - 2011'. Mr. Modi outlined the state's industrial and infrastructural development and said that Japan and Canada would be the partner countries for the summit. According to an official statement, the envoys evinced keen interest in partnering with Gujarat for the development of mutually beneficial sectors.
iNDEXTb
Industrial Extension Bureau
(A GOVT. OF GUJARAT ORGANISATION) ISO 9001:2000 CERTIFIED
Mozambique President visits Gujarat

The Mozambique President visited Gujarat with a 90-member delegation on October 02, 2010 and has invited the industrialists from the state to make investment in various fields in his country. Honourable Chief Minister of Gujarat, Mr. Narendra Modi met Mozambique President Mr. Armando Emilio Guebuza and discussed various avenues of partnership in different sectors. A detailed discussion was held between the two leaders on areas of interest where partnership can be formed between Mozambique and Gujarat. Mr. Modi presented outline of progress made by the state in the field of power generation, port infrastructure, agriculture growth, water management and human resource development. Mr. Modi also invited the President to come to the Vibrant Gujarat Summit to take place in January 2011.
Knowledge Partner vibrant.gujarat.2011@in.pwc.com
Upcoming sector-specific seminars in November-December 2010

Sector Textiles including Technical Textiles Pharmaceutical Sector Tourism Agro & Food Processing Healthcare Mineral based Industries Information Technology Biotechnology Date 20th November 2010 27th November 2010 6th December 2010 8th December 2010 14th December 2010 16th December 2010 20th December 2010 22nd December 2010

Gujarat: The Global Business Hub

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September - October 2010 | iNDEXTb

From the Desk

Top news and investments in Gujarat

Delegations from Gujarat

Highlights of the Important Meetings and Upcoming Events

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

VIBRANT GUJARAT 2011 SHOWCASED ON A GRAND SCALE IN FRANCE

Gujarat: The Global Investment Hub

VIBRANT GUJARAT 2011: DELEGATION TO CANADA & US EAST COAST

Gujarat: The Global Investment Hub

VIBRANT GUJARAT 2011: DELEGATION TO NORTH AMERICA WEST COAST

Gujarat: The Global Investment Hub

VIBRANT GUJARAT 2011: DELEGATION TO SWEDEN, LUXEMBOURG, ISRAEL AND DENMARK

Gujarat: The Global Investment Hub

Gujarat: The Global Investment Hub

VIBRANT GUJARAT 2011: INTERNATIONAL ROADSHOWS IN SOUTH KOREA AND TAIWAN

VIBRANT GUJARAT 2011: DELEGATION TO SRI LANKA AND SINGAPORE

Gujarat: The Global Investment Hub

VIBRANT GUJARAT 2011: DELEGATION TO NIGERIA, UGANDA AND KENYA

Gujarat: The Global Investment Hub

Events in October 2010 Contact Us

Mr. Modi meets 14 foreign envoys

Mozambique President visits Gujarat

Knowledge Partner vibrant.gujarat.2011@in.pwc.com

Upcoming sector-specific seminars in November-December 2010

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