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The
dynamism that has always reflected
Gujarat's economic growth has filtered
down through the ages. The drive to be
among the foremost states of India in
all spheres of activites is infectious
- and representative of the state's
people as well as those in power. Only
in the past decade or so there has
been a focused approach towards making
Gujarat the most industrialized state
in India. Even otherwise, various
state development organisations,
institutions and quasi-government
bodies have played a key role in
chalking out development initiatives
for the state. Various sectoral
initiatives and investments in
important infrastructural and
industrial projects has paved the way
for the rapid industrialization of the
state.
The
state of Gujarat is blessed with rich
natural resources with fertile
ago-climatic conditions. With the
critical support of industrial
infrastructure and transport network,
Gujarat truly presents itself as a
land of limitless opportunities - a
fact that has been attested by
economists and policy planners.
Gujarat's proactive industrial policy
drafted by its farsighed economic and
policy mandrains aims to tap these
vast untapped potential of this
diverse region. Needless to say, that
the 'growth oriented' strategies has
indeed turbocharged industrial growth
in Gujarat and has rejuvenated inflow
of fundsand industrial activity of the
state. Analysts aver that the
infrastructural growth of state's
economy lies in it's industrial and
technological development. Keeping
this in context, the state government
has chalked out ambitious plans to
forcefuel industrial growth. In a
broader prespective, Gujarat's
industrial blue print seeks to achieve
speedy and balanced development of
industries and industrial hubs by
creating favorable conditions for
installation and expansion of
industrial units. In order to achieve
these objectives, a welter of sops,
incentives, tax holidays, single
window clearances have been introduced
by the state government. These
proactive measures also include
investors and enterpreneurs, removing
bureaucratic and procedural hiccups,
speedy approvals of water, power and
other core amenities.
The advent of liberalisation saw the
deplecting dependence on the license
rule for economic development.
Perestroika ushered in the mid 90s,
saw the liberalisation of trade and
exchange doctrines with tariff and
non-tariff barriers lowered
significantly. Global corporations
were now preceiving India in a
different light and had already
pinpointed India as one of the most
attractive investment outposts in the
world. In order to cash in on this
changed global environment, the state
government has been actively promoting
several core sectors to foreign
investment thus encouraging domestic
and multinational companies to
participate in core industrial
projects.
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