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Fibre2Fashion Blogs
June 02, 2008 (India)
Spirit of Gujarat in true sense is Vibrant. The region has its own strength. Nothing seems to perturb the growth of this state, be it the earthquake, riots, flood, or the price rise all over.
Gujarat has emerged as the leading industrialized state of India against all odds. Formerly known as Manchester of India for its textile industry, it houses a number of big names in the sector, to name a few are Reliance, Arvind, Chiripal, Kiri Dyes. Some multinational corporations, large private sector companies, strong public sector enterprises and a large number of medium and small scale units also have their strong bases here.
While sharing a mere five percent of Indian population, Gujarat contributes 21 percent in exports and 13 percent in the country’s industrial production.
Inspite of the fact that textile sector all over India is going through a rough phase due to hike in the prices of raw material, rupee appreciation and other few major factors, the State Government, is expecting to ink MoUs worth Rs100 billion, in the 2009 Vibrant Gujarat Global Investor's Summit, only for the textile industry.
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Spirit of Gujarat in true sense is Vibrant. The region has its own strength. Nothing seems to perturb the growth of this state, be it the earthquake, riots, flood, or the price rise all over.
Gujarat has emerged as the leading industrialized state of India against all odds. Formerly known as Manchester of India for its textile industry, it houses a number of big names in the sector, to name a few are Reliance, Arvind, Chiripal, Kiri Dyes. Some multinational corporations, large private sector companies, strong public sector enterprises and a large number of medium and small scale units also have their strong bases here.
While sharing a mere five percent of Indian population, Gujarat contributes 21 percent in exports and 13 percent in the country’s industrial production.
Inspite of the fact that textile sector all over India is going through a rough phase due to hike in the prices of raw material, rupee appreciation and other few major factors, the State Government, is expecting to ink MoUs worth Rs100 billion, in the 2009 Vibrant Gujarat Global Investor's Summit, only for the textile industry.
Read Full News Click Here
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