Follow us

Business and Finance in Ahmedabad

Ranked as the seventh largest metropolitan city in India, Ahmedabad is situated on the banks of the Sabarmati River in Gujarat. Known as the Manchester of Textile Industry in India, Ahmedabad is famous for its old architecture and textile industry. The NASSCOM survey in 2002 ranked the city as fifth among the top nine most competitive cities in the country. Referred to as the heart of Gujarat Ahmedabad is an important center for trade, commerce and industry. With the due assistance of the state government the city today has become one of the most important business destinations in India. The government of the state is taking the city to new heights by investment in the city's infrastructure, providing funds for the construction of larger roads and improving its water supply. The state also has a liberal industrial policy for the establishment of new industrial units in and around the city.

Among the most important industrial centers in India Ahmedabad enjoys a prominent position on the industrial map of the country. One of the most economically developed regions of the country Ahmedabad is home to some of the biggest industries. An important city from the point of view of trade, commerce and industry Ahmedabad can be easily called the crown of the state of Gujarat. Considered as a rich economy most of the people in the city are either traders or businessmen.

Blessed with natural resources and an array of skilled labor that belong to the different parts of Gujarat Ahmedabad is on its road to progress since the early 19th century. The city plays a major role in providing commercial resources and market access for the economies of neighboring areas of Gujarat. Due to its proximity to the port at Surat the city is glorified as a major trade destination. Forming the gateway for bulk exports of textiles Ahmedabad is an eminent contributor to the GDP of Gujarat.

The most prominent industries in Ahmedabad include agriculture, textiles and petrochemicals. The major crops produced in Ahmedabad include Rice, Wheat, Jowar, Bajra, Maize, Tur, Gram, Groundnut while major non food crops are Cotton, Tobacco. Ahmedabad houses some of the finesttextile mills in the country like hmedabad Spinning and Weaving Company Limited, Calico Mills, Arvind Mills etc. The city is also known for its progress in the pharmaceutical sector. Companies like Zydus Cadila and torrent pharmaceuticals were born in Ahmedabad.

One of the most cities in India from the point of view of business and finance Ahmedabad has also witnessed a huge influx of some of the big names in the corporate world. Multinational likes Bosch Rexroth, Strok, Rolleppal, Tata Consultancy Services Ltd, Satyam Computers ltd, Wipro Ltd. Johnson and Adani Group have established their regional offices in the city.