Major Industries play a vital role in building Indian economy. Industrial development in Surat is accredited to the presence of a huge number of textiles Industries, diamond processing industries, chemical and petrochemical industries.
Textile Industry of Surat
Surat is well known for its textile industries and yarn production. Textile Industries produce synthetic textiles. Surat is a hub of Indian Textiles. Businessmen from all over India visit Surat to buy clothes from Surat.
There has been a tremendous growth in Indian Textiles in the last few years. Most of the sarees are manufactured in Surat. These textile industries are engaged in export to many countries. A Major textile unit like Vimal and Garden Vareli has set up their manufacturing units in Surat.
Zari and brocade works have been set up in Surat. Surat is also known for the embroidery works which is done with the help of computer design. The Textile Industry of Surat is mainly engaged in weaving, processing and yarn production.
Synthetic textile production and trading are the main business of Surat. Every day 25 million meters of processed fabric and 30 million meters of raw fabric are produced in Surat.
The city houses biggest textile trading market in India. Bombay market, J.J.Textile market, Jash market, Zampa Bazaar. Katat Gam, Udhana, Magdalla are the areas where manufacturing units are set up.
Diamond Industry of Surat
A few years ago, Diamond cutting was a small Industry in Surat but today it has become a major Industry in Surat. Many Industry giants are interested to set up their manufacturing units in Surat because of its infrastructure and facilities.
ONGC, Larsen and Toubro, Shell, Torrent Power, Reliance Petrochemicals, have already set up their units in Surat. Major Industries contribute the growing demand of Surat.
Surat has attracted a sizeable amount of Foreign Direct Investment in various sectors like oil, energy and petroleum. An investment of 726 million USD in Hazira Terminal is one of the largest Foreign Direct Investment in India.
Hazira is very close to sea and it is an ideal place to set up Industries. It has a large Industrial belt. Major Industries like Essar, NTPC, IOC, BPCL, and KRIBHCO have their plants in the Hazira Industrial belt.
After textiles business, Surat is recognized for its diamond business and it is called as the diamond capital of the world. More than 90% of world’s diamond are cut and polished in this diamond city.
Surat is also called Manchester City of India.Sachin, one of the major Industrial cities in Surat. Sachin is 13 Km away from Surat and located in Surat-Navsari-Mumbai State Highway.
It has many SEZ (Special Economic Zone). The town is Asia’s largest Industrial zone managed by Gujarat Industrial Development Corporation (GIDC).
Medium and Small Scale Industries of Surat
There are over 41,300 medium and small industries are being operated in Surat. Nearly 24,000 small and medium scale industries are related to textile industry in Surat.
Other industries are textiles, chemicals, dyeing and printing, zari, manufacturing machines and equipments. Most of the small scale industries are located in Mandvi (Central Surat), Palsana (Cenral Surat), Mangrol and Olpad (Northern Surat), Choryasi (Western Surat).
Surat airport has direct connectivity with major airports in India and abroad. The port facility in Surat will help attract foreign investment. Magdalla and Hazira ports have good connectivity of road and rail.
Synthetic capital of India, Surat as it is popularly known hosts 65,000 powers looms and provides over seven lacs jobs in Surat. The emergence of SEZ (Special Economy Zone), Petrochemical complex, gems and Jewelry Park will work as a catalyst for the Industrial growth in Surat.