|Investors like investment-friendly climates and regimes. Whatever the level of political skullduggery in
India, whatever the level of accusations and recriminations, investors will only look at returns on what
they sow. That is why, even though Gujarat’s Chief Minister Narendra Modi seldom remains ignored
(equally liked and disliked, you could say) by the national media, the state he runs continues to gallop
ahead on the road of economic progress, faster than other states in India.
The cover story looks at how India’s car industry is relocating itself in Gujarat, a measure of the
confidence Modi has created in large investors. Gujarat offers vast land holdings of Government-owned
land, removing a key hurdle that plagues big projects elsewhere. The state’s business-friendly policies
ultimately result in improved business conditions.
Gujarat accounts for 22 per cent of India’s total exports, according to global advisory giant KPMG, even
though it is home to just 5 per cent of the population. Gujarat’s economy grew by 13.8 per cent annually
in the five fiscal years through March 2010, far in excess of the national average of 8.6 per cent over the
Even the Gujarati diaspora contributes to this vibrant image of the state. Gujarati-origin businessmen
holding American, East African, British, European and Australian passports flock the state, looking for
every opportunity to bring in investment capital, either individually or as part of large conglomerates.
The enterprising Gujarati businessmen across the world are, therefore, not just fast-tracking Gujarat’s
growth, their word of mouth and influence in important capital cities like Washington are resulting in
favourable pro-Gujarat reports.
We take a look at the state and how it has managed to entice carmakers with a mix of branding and
Elsewhere in the issue find articles on the methods adopted by Airports Authority of India Chairman
V.P. Agrawal on Upper Airspace Harmonization (UAH) for making the skies safer. Given the hustle and
bustle in the air resulting out of traffic increasing manifold, UAH envisages amalgamating 11 area control
centres (ACCs) into 2 centres eventually.
Also, take a look at where The Chatterjee Group stands concerning the Haldia Petrochemcial Project
following the Supreme Court ruling.
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