Namoleague News
Why Gujarat can be India's biggest automobile hub
Gujarat Chief Minister Narendra Modi dreams of making Gu...
Apollo Tyres was the first company to enter Gujarat in 1991 with an investment of Rs 1400
crore (Rs 14 billion).
General M...
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Namoleague news- Why Gujarat can be India’s biggest automobile hub

Published on: Mar 3, 2016
Published in: News & Politics      Business      
Source: www.slideshare.net


Transcripts - Namoleague news- Why Gujarat can be India’s biggest automobile hub

  • 1. Namoleague News Why Gujarat can be India's biggest automobile hub Gujarat Chief Minister Narendra Modi dreams of making Gujarat an automobile hub. His dream does not seem far-fetched as many auto makers are now flocking to Gujarat. An investor-friendly government, transparency, good infrastructure, easy connectivity to ports and an efficient rail and road network make it a hotspot for the automobile industry. The entrepreneurial sprit and a strong base of auto ancillary units make the environment congenial for automakers in Gujarat. With all the automakers focused on exports, Gujarat becomes attractive with its well developed ports. The transparency in dealing with officials, ease of setting up a business has also been hailed as big advantages here. While auto manufacturers face frequent labour strikes in other states, Gujarat has not been confronted with major labour issues. The auto ancillary hubs in Rajkot, Ahmedabad and Vadodara play a vital role in further developing Gujarat as an automobile hub. The manufacturing sector forms the backbone of Gujarat's economic growth. With Gujarat poised to grow further as an investment-friendly destination, the auto industry is geared to spin fortunes from the state.
  • 2. Apollo Tyres was the first company to enter Gujarat in 1991 with an investment of Rs 1400 crore (Rs 14 billion). General Motors started its plant at Halol with an investment of Rs 2,000 crore (Rs 20 billion) in 1996. In 2002, heavy commercial vehicle manufacturer Asia Motor Works set up its Rs 1,400 crore (Rs 14 billion) facilities in Bhuj. In 2008, Gujarat welcomed the much troubled Tata Motors to fulfill its dream of making the world's cheapest car. Ceat Tyres was the next to follow. The company set up a manufacturing plant investing Rs 700 crore (Rs 7 billion). Ford India will set up its manufacturing unit right next to Tata Motors' Nano factory at Sanand French auto major Peugeot is considering setting up a manufacturing facility in India and is scouting for 150 acres of land in Gujarat. After Tata’s Nano and Ford it’s Peugeot’s turn to have chosen destination Gujarat. It’s official! Maruti Suzuki India is driving into Gujarat for setting up its seventh plant in India. Hyundai keen on new plant in Gujarat Bombardier's Gujarat plant to be hub for exports to Asia To Read more click here …….

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