Gujarat was the first state to enact the Special Economic Zone SEZ Act, 2004. The unique and innovative form of SEZs would surely prove as the growth engine that can boost manufacturing facilities, enhance exports and generate incredible employment opportunities along the way. The Government of India introduced SEZ scheme to provide a hassle free operational regime and for encompassing state of the art infrastructure Movie Theatres in Gift City will enhance the state’s urban and industrial growth. SEZs cover industrial and labour aspects, including flexible labour laws and exit options. The concept of Fixed Term Employment introduced by the SEZ Act has helped in accounting for the least manpower days lost due to labour conflict, among comparable industrial states.
A prosperous economic gateway is created for Gujarat with 1,600-km long coastline dotted with 41 ports. It gives it an advantage of having access to all major port based countries such as UK, China, Japan, Korea and the Gulf countries it is as well as a gateway to the rich land-locked northern and central hinterland. Kandla was chosen to be a major port on the west coast by the Government after port of Karachi went to Pakistan after Independence. Total traffic at the Kandala port has always seen an upward move. It grew at around 14% CAGR during 2004-2005 to reach all most 80 MMT in 2009-2010 this is higher than the 8% average CAGR for all Major ports in India.
India’s financial services sector has transformed over the last decade with a market capitalization of over USD 200 by Gift city 5% to GDP and employing over 3 million people. Given India’s continued economic growth the financial sector will grow to double or triple the existing figures and to meet the emerging demand Gujarat has formulated a mega project named Gujarat International Finance Tec-City GIFT going world financial hubs, London and New York have played vital role in contributing immensely to both GDP and employment in their nations by tapping the needs of Financial Services. On the same line, from eastern part of world Singapore and Honk Kong have achieved similar levels of economic activity in a very short span of time.
HN Safal constructions Dhiren Vora started serious real-estate work in the city in 2001 and since then, have come up with properties such as Safal Pegasus on Anandnagar Road, Safal Param and Safal Parivesh in Prahladnagar. The Safal construction has as well as been instrumental in setting up several business parks in eastern Ahmedabad under the umbrella of Sumel Park. The construction has as well as built several high-rise residential complexes in Bopal and Ahmedabad Sanand Road. Their most famous acquisition is the land purchased from Sahara construction when the latter was facing a major financial crisis. Before entering the construction business, Vora was a stock broker. But after the infamous Rupal Panchal scam, he left the stock market business and started Safal construction with Rajesh Brahmbhatt. A dispute led to two of them going parting ways, with Vora establishing HN Safal Construction.
If you are planning to purchase a house in Ahmedabad, then localities near the upcoming Ahmedabad to metro belt can be considered for good returns. In almost all metropolitan cities across India, investing near the metro connectivity is considered ideal in terms of price appreciation and easy commute. Rapidly developing Ahmedabad has one more reason for the face-lift of its real-estate sector, says Nikunj Jani, lead consultant, Capital realtors connectivity directly affects a buyers decision of selecting a locality. The upcoming metro belt will pass through the main city of Ahmedabad to the hub of IT and electronics industry Gandhinagar.
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