Business & Finance Renting & Real Estate

The Boon of Industrial Parks in Gujarat

Gujarat is one of the fastest developing states in India. Today, owing to the large scale demand for commercial spaces equipped with infrastructure for industrial units, there is an increase in the number of industrial parks in Gujarat. The state was also the first to set up industrial parks in India, today Gujarat is making technological advancements in the infrastructure support of the existing parks, as well as it is laying out the foundation for numerous other projects. The state is currently focusing on setting up industrial parks that cater to industry specific needs and those that can provide specialized services to various industries.
In India, Gujarat was also the first state to enact a decree related to development of industries, such as Gujarat Infrastructure Development Act. The act played a crucial role in boosting the investments made in infrastructural developments. Today, it is on the framework of this act that various Industrial parks in Gujarat are coming up.

These parks have not only benefited the state but also have propelled the country's economy to a different scale; they provide the setting required for multi-national companies that set their production units here. These industrial units also have succeeded in providing employment to local residents. Industrial Park in Gujarat have been able to revitalize the economy of the state.

Industrials parks in Gujarat mostly attract companies from engineering, manufacturing, pharmaceuticals, telecom and it industries that are on a constant look out for large office spaces at economical rates and ready-to-use infrastructure. All the industrial parks in Gujarat are located in the outskirts of main cities like, Ahmadabad, Vadodara, Surat and Gandhinagar, and being at a distant location they usually tend to be self-sufficient units.
Gujarat today has numerous Industrialparks to its credit; they all differ in terms of infrastructure, size, and amenities. These parks are impressive in terms of the technology they use and there efficiency in terms of energy. Theindustrialparks have succeeded in attracting large number of clients from the United States, United Kingdom, and Northeast Asian countries like Japan and Korea.

Industrial Infrastructure in Gujarat:
Today there around 200 Industrial Lands in Gujarat established by Gujarat Industrial Development Corporation. These parks are established on non-agricultural land after thorough analysis based on industrial viability standards. In a bid to encourage more investment in the state, the state government also provides autonomy and funds to industrial land to implement modern mechanizations. The state government also provides tax holidays, subsidies such as cut off on registration fees and stamp duty.

Gujarat has approved over 50 Special Economic Zones (SEZ), and is the leading state with highest geographical area of over 15000 hectors in terms of SEZs.

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