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Gujarat is indeed a vibrant and much-happening state. It is also the home state of Prime Minister Narendra Modi, who conceptualised and began the Vibrant Gujarat Summit in 2003. But according to the latest figures, in the first quarter of FY 2025, Gujarat ranks fifth when it comes to Foreign Direct Investment (FDI) inflows amounting […]
While the Narendra Modi government may have gone out of the way to promote the Gujarat International Finance Tec-City (GIFT City), sought to be developed as India’s formidable financial technology hub off the state capital Gandhinagar, just 20 km from Ahmedabad, a recent report, prepared by Tracxn Technologies suggests that neither of the two cities […]
The size of India’s furniture market is estimated at Rs 1.3 lakh crore, of which the organised sector accounts for Rs 8,000 crore. With 970 stores across the country, Godrej Interio claims a market share of 30% within the orgainsed sector, making it the market leader. In Gujarat, however, the company’s share is much less, […]
Back in 1997, when Arvind Mills was first moving into branded apparel in a big way, we asked chairman Sanjay Lalbhai if there was any real difference between Flying Machine jeans and more expensive brands like Lee. Is the quality of the denim different? Are the zippers different? His insightful answer: “The difference is not […]
Manchester-based strategic growth and investment firm, York IE, has announced its expansion in Ahmedabad, marking a significant milestone in its global growth strategy. The newly established Ahmedabad office will serve as York IE’s global capability centre for Product Strategy and Development services. It will house a team of skilled professionals dedicated to bringing successful products […]
Torrent Group Chairman Emeritus Sudhir Mehta announced the company’s plans to invest over Rs 47,350 crores in Gujarat during the closing ceremony of the 10th edition of the Vibrant Gujarat Global Summit held at the Mahatma Mandir in Gandhinagar. Mehta expressed his gratitude towards the visionary leadership of Prime Minister Narendra Modi and the dynamic […]
Acknowledging the support of Prime Minister Narendra Modi for the automotive industry, Maruti Suzuki has declared that the firm will pump in Rs 35,000 crore to establish its second manufacturing facility in Gujarat. This expansion should scale the company’s annual production capacity in Gujarat to 20 lakh units, with 10 lakh units at Suzuki Motor […]
The inaugural session of the Vibrant Gujarat Summit is an all-star event, with top industrialists and luminaries from all over the world in attendance. The 10th summit of the series, which was inaugurated at the Mahatma Mandir in Gandhinagar on Wednesday, was no exception. VO! brings you quotes from the lead speakers: Narendra Modi, Prime […]
The India International Bullion Exchange (IIBX) at GIFT-IFSC marked a significant milestone on Wednesday as it commenced silver trading. Within just 30 minutes of the launch, the entire available quota of 3 metric tonnes was traded, demonstrating the robust demand in the market. The platform’s inauguration was presided over by Hasmukh Adhia, Chairman of Gift […]
The first half of the current year’s financial data for twenty-three states reveals a notable improvement in the quality of state spending. States’ capital expenditures increased by a noteworthy 52% during the same time last year. The rate of increase in revenue expenditure is only 9.7%, reported The Print. States that have incurred more than […]
The second-largest government-owned lender, Bank of Baroda (BoB), has allegedly been involved in unauthorised linking of mobile numbers to bank accounts of customers to show higher registrations on its mobile banking application. It was two years ago in November that the bank announced a new app with the jargon, “Save, Invest, Borrow, and Shop.” They […]
Though the overall realty outlook in Ahmedabad, especially in the housing sector, has been looking up in the last couple of years, business has been a bit slow in the affordable housing segment because of the RBI’s interest rate increases. The affordable segment constitutes almost 60 per cent of the city’s real estate market. However, builders […]
The Confederation of Indian Industry (CII), in collaboration with the US Consulate in Mumbai held a session entitled “SHE AND SME: Inclusive Future” on Wednesday in Ahmedabad. This workshop is designed to foster collaboration between experts from India and the United States pertaining to gender equality within organisations. The primary focus of this initiative is […]
A plot of around 4,000 square yards has fetched a record price of Rs 3.25 lakh per square yard in an upmarket Ahmedabad suburb. The plot on SG Road, located between Iskcon Circle and Prahladnagar, has reportedly been bought by an investor, who is in talks with a developer for a joint venture project on […]
Get the best smartwatch collection in Bhuj, Kutch, the best wristwatches for men in Bhuj, Kutch, with a diverse range of watches from top brands worldwide. Today, styling is not just about an exquisite collection of apparel and perfumes. It is a lot about one-of-a-kind wristwatches and smartwatches as well. The watch industry has remained a […]
GIFT City continues to be in the news. Only recently, a news agency reported that Saudi Arabia was contemplating setting up an office of its sovereign wealth fund there. The report reminded of GIFT City’s standing as a tax-neutral financial services centre and a key project for Prime Minister Narendra Modi. It rivals financial services […]
In a potential boost to investments in the state, Gujarat is going to see the setting up of a sovereign wealth fund (SWF) office by Saudi Arabia at the Gujarat International Finance Tec-City (GIFT) in Gandhinagar. Investment minister of Saudi Arabia Khalid A. Al Falih said that within the next few weeks, he would send […]
Stock prices of Gujarat’s corporates have soared in recent times, ensuring strong returns for investors as well as a positive future outlook that overall secures the investment scenario in the state. Since the beginning of the fiscal year 2023-24, state’s corporates’ stock prices have gone up by up to 87%. Homegrown giants like Adani Group, […]
Despite high economic growth, the average price of property in Gujarat has mostly remained the same in the last six years, says a report. According to data compiled by the Confederation of Real Estate Developers’ Associations of India (Credai), the average price of residential units in Gujarat’s top five districts has been Rs 34 lakh […]
In a significant milestone, the international terminal of Ahmedabad Airport has unveiled its brand-new arrival area, designed to embody the essence of Gujarat and Ahmedabad. The inauguration of this state-of-the-art facility marks a crucial step in enhancing the passenger experience for international travellers. The Sardar Vallabhbhai Patel International Airport (SVPIA), recognising the need for expanded […]
