Ford’s second plant in India is coming up soon in Gujarat. For same, a contract has also been signed between the Gujarat Government and the Company. According to reports, Ford has selected Gujarat because of the pro-business environment, infrastructure, and access to ports and skilled workforce, that is available in the region to serve the best purpose.

General Motors India Ltd has kicked off an LNG facility at its Halol plant in the state of Gujarat for supplying gas to its construction plant.

The novel manufacturing plant is an outcome of a contract between General Motors India, INOX India and BPCL for providing, re-gasification and last delivery of LNG at the company's facility.

Gujarat emerged as entrepreneur’s most favorite destination accordion to a survey conducted by the global consultancy firm KPMG. The survey titled "Entrepreneurial India" is based on response of 1000 businessmen across 15 states of the country.

Promoters of commodity exchange NMCE Reliance Money and Neptune Overseas have linked up with Agriculture Produce Marketing Committees (APMC) in Gujarat with the aim to roll out an electronic platform for physical trading in agriculture goods.

According to the sources, Reliance Money and Neptune Overseas have also decided to form a separate conglomerate National Agricultural Produce Market Company (NAPMC) in association with Gujarat Niyantrit Bazaar Sangh.

Lighting solution provider Surya Roshni announced that its arm Surya Global Steel Tubes (SGST) is all set to pump Rs 400 crore to build a greenfield steel pipe manufacturing plant in Bhuj, Gujarat. 

According to the sources, establishing of the new plant is part of the company's strategy to provide to demand steel pipes in the oil and gas sector. 
 
The sources further revealed that the proposed plant will be equipped with an initial capacity of two lakh metric tonnes and is expected to be commissioned by December next fiscal.

State-run Bharat Heavy Electricals has made announcement that the company has bagged Rs240-crore order for manufacturing and supplying transformers to Tata Power's power project in Gujarat.

According to the sources, the proposed contract has been placed by Coastal Gujarat Power Ltd (CGPL), a special-purpose vehicle (SPV) by Tata Power, for the implementation of the 4,000 MW Mundra Ultra Mega Power Project (UMPP).

The order also entails manufacture and supply of busducts for the power project. Busducts are designed for connecting the generator to the maintransformer.

International Finance Corporation (IFC), a member of the World Bank Group, has informed that it plans to acquire 5 percent stake worth Rs 1 - 2 billion (estimated) in GSPC Gas Company, an arm of Gujarat State Petroleum Corporation (GSPC).

The source close to the company said that GSPC Gas is set up with an initial investment of US$ 140 million for laying new pipelines for gas and developing infrastructure needed for gas distribution in Gujrat.

The source further disclosed that the conglomerate may use the IFC fund to partly fund the proposed expenditure.

Welspun-Gujarat Stahl wins order worth Rs 5 billion

Welspun Gujarat Stahl Rohren Ltd (WGSRL), the world's second major line pipe conglomerate, has announced that it has won Rs 5 billion contracts from India and abroad.

According to the sources, the proposed orders will not only strengthen company's position as a sustainable organization with the ability to meet requirements for the toughest of projects, but it will also reaffirm its position as one of the leading Line Pipe making Companies in the World.

Welspun Gujarat Stahl Rohren Ltd, is a flagship conglomerate of Welspun Group

Asian Paints, India's major paint manufacturer has announced that it has temporarily ceased its Phthalic Anhydride making plant at Ankleshwar, Gujarat.

The source close to development has revealed that the temporary shut down is due to fall in demand of chemicals worldwide.

Giving further remarks on the shut down, the source disclosed that the time period of the closure could be between one week and one month.

In India, Asian Paints is having two plants; one is situated at Cuddalore in Tamil Nadu, and the latter in Gujarat which has been shut down.

Gujarat Government has informed that it will soon construct a four-lane highway in and around Waghodiya due to the huge industrial investment taking place there.

According to the sources, for building of this four-lane highway, Suzlon Energy, a leading player in wind turbine business has already pumped more than Rs 400 crore for setting up of Special Economic Zone (SEZ) in the area around Waghodiya.