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Ahmedabad Preferred Destination For Investors In India
Ahmedabad is the largest city in the State of Gujarat and one of the top ten largest cities in India
. The city is located on the bank of rive Sabarmati. Ahmedabad is located very strategically close to Mumbai (the commercial capital of India) and is easily accessible to the Middle East and African markets.Ahmedabad is a booming city. It is the cultural capital of Gujarat. It is very well connected to other important cities in the state and the country. Since it is the commercial capital of the State of Gujarat, its connectivity to port cities of the state plays a very crucial role in the economy.
Ahmedabad is already a very important center for trade and commercial activities in Western India. The workforce in the city is basically constituted of people from other parts of Gujarat and neighboring states.
The city has a very well established textile industry and is home to several public and private sector companies and multinational firms. Several pharmaceutical, chemical and IT companies have made Ahmedabad their base. Other than these, the automobile, and oil and natural gas industries are also developing at a very rapid pace.
Ahmedabad is one of the front runners to become an industrial powerhouse of India. The financial services, retail and real estate industries are growing at a fast pace. Other industries that are major contributors to the economy of the city are dairy, gems and jewelry, biotechnology, petrochemicals and engineering.
The city has some of India's best educational institutes which attract the best brains of the country. Thus, there is no paucity of skilled workforce in the city. Also, all major public and private sector banks have branches in the city. The city also offers world class health care facilities to its residents.
The urban portion of the city of Ahmedabad offers excellent investment opportunities to both big corporations and small business start ups and entrepreneurs. The best part is that the industries that are already established in the city still have potential for growth. Also, the cost of investing in Ahmedabad is much lower than other metropolitan cities.
The government of Gujarat is investing heavily to improve the overall infrastructure of the city. Millions of rupees have been invested to provide potable water and a steady electricity supply to the city. Other development plans for the city have contributed to improved roadway networks and telecommunication. An agency known as the Gujarat Development Board looks after infrastructure development of the city and the State.
The Gujarat government has announced a number of incentives and policies to attract investment in the city. The administrative set up of Gujarat is proactive and takes various initiatives from time to time. The process of investment in the city has been made very transparent and easy.
Thanks to the initiatives taken by the Gujarat government, the city is now witnessing a constant stream of investors. The rate at which Ahmedabad is growing, it is definitely set to be one of the most preferred destinations for investors from all over the world very soon.
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