Innovation & Knowledge

SECTOR PROFILE

• India - Preferred Investment Destination

• Gujarat – Preferred Investment Destination in India

• R&D, Human Capital

• Investment Opportunities

• Advantage Gujarat

• Doing business in Gujarat

• Key Government Agencies

Table of Contents

INDIA - PREFERRED INVESTMENT DESTINATION

01

1

02

INDIA - PREFERRED INVESTMENT DESTINATION

9th largest economy in the world by nominal GDP and 3rd largest by purchasing

power parity (PPP)

Recorded the highest growth rates in the mid-2000s

One of the fastest growing economies in the world (GDP growth rate – 8.6% in 2011)

GDP growth rate

Sectors’ contribution to GDP

India is one of themajor G-20 economies:

ththe 17 largest exporter andth11 largest importer in the world

Main Export Partners

ndThe 2 preferred global investment destination

(World Investment Prospects Survey 2010-2012 by UNCTAD)

USD 254 billion of FDI inflows between April 2000 and

March 2012

Main Import Partners

US 13%

UAE 12%

China 8%

Hong Kong4%

China12%

UAE 7%

Saudi Arabia6%

US6%

Australia5%

FDI Confidence Index, 2012A.T. Kearney Survey

FDI - Top Sectors

9.5% 9.6% 9.3%6.8% 8.0% 8.6%

0.0%

5.0%

10.0%

15.0%

2006 2007 2008 2009 2010 2011

1.52

1.52

1.6

1.73

1.87

0 0.5 1 1.5 2

Germany

US

Brazil

India

China

Services30%

Telecommunications12%

Computer softwareand hardware

11%

Real estate11%

Constructionactivities

10%

Power7%

Automobile industry

6%

Metallurgical industries

5%

Pharmaceuticals5%

Petroleum and natural

gas3%

No Change

Decline

Growth

- 200 400 600 800 1,000 1,200

Agriculture Industry ServicesUSD, billion

16%

17%

17%

18%

19%

20%

25%

26%

26%

26%

25%

26%

59%

58%

57%

56%

56%

54% 2006-07

2007-08

2008-09

2009-10

2010-11

2011-12(A)

(Q)

Trade Scenario, USD billion

0

50

100

150

200

250

300

350

400

1990-91 1994-95 2000-01 2004-05 2010-11

Export Import

CAGRExports

14%

CAGRImports

14%

03

World's largest democracy with1.2 billion people

Land of abundant natural resources and diverse climatic conditions

Enabling business environment with greater global participation

Strong Market Fundamentals

Access to technology as a result of the IT revolution

Impetus on Infrastructure Development

Progressive simplification and rationalization of direct and indirect tax structures

Competitivelypriced skilledlabour

ADVANTAGE INDIA

04

2GUJARAT - PREFERRED INVESTMENT DESTINATION IN INDIA

05

Gujarat’s Degree of Openness (ratio of exports from state to Gross State Domestic Product)

53%

A highly industrialized state - Gross State Domestic Product contribution from manufacturing sector

28%

Growth in agricultural output in the state over the last 10 years 11%

Double digit growth rate with Gross State Domestic Product of USD 75 billion(2010-11) growing at a five year average of

10%

26%A state with one of the highest share in investments under implemented projects in India

A state with a high and growing literacy rate 79%

Increase in seat availability in technical institutions over last 3 years 100%

A state with a population of 60 million and one of the highest urbanization levels 43%

GUJARAT HAS BEEN RANKED 1ST AS PER THE “ECONOMIC FREEDOM RANKINGS FOR THE STATES OF INDIA, 2012” REPORT

06

R&D, HUMAN CAPITAL

3

07

GLOBAL PERSPECTIVE – R&D

• Positive macro-economic outlook and attractive incentives stimulus lead R&D spending growth by almost 7% in 2011 to USD 1.3 trillion (Gross expenditure on R&D, purchasing power parity)

• Funding growth continues to be driven by Asia, with China emerging as the second largest country after U.S in R&D spending

• R&D growth in the medium term to be driven by innovation focused economies and countries with R&D spending less than 1% of the GDP (India, Malaysia, Indonesia, Saudi Arabia)

• Global R&D spending to augment by about 5% in 2012 to USD 1.4 trillion

Asia35%

Europe25%

Row3%

Americas37%

Asia Europe North America

Growth 9% 4% 3%

10%9%8%7%6%5%4%3%2%1%0%

0% 10% 20% 30% 40%

Americas

Asia

Europe

RoW

AmericasAsia Europe RoW

R&DSpending 37% 36% 25% 3.10%

Region-wise R&D Spending – 2011 Region-wise Spending Growth Region-wise R&D spending as % of GDP

Source: Battelle, R&D Magazine 2012

08

GLOBAL PERSPECTIVE – HUMAN CAPITAL

• Subsequent to a huge shift of economic growth and opportunities to emerging economies, particularly in Asia, managing and retaining key talent has become important for sustainable growth. Organizations are being forced to rethink their talent pipeline and transform their HR function to deal with new priorities and risks

• The impact of technology and need for innovation continue to demand new skills in new places. A clear plan for global talent mobility alongside the development of strong local talent is vital. The paradigm shift has also brought new regulatory obligations, transformed our view of pay and incentives, and refocused our definition of employee engagement.

Source: PwC Global CEO Survey 2012 Source: PwC Global CEO Survey 2012

Globally, what the CEOs say

Looking for global growth

• 83% of CEOs expect to grow their operations in South-East Asia, 80% will grow in South Asia. 77% in East Asia and 77% in South America

• 59% say they see emerging markets as more important than developed markets to their future.

Making talent strategic

• Integrating HR with business planning: 79% of CEOs say the chief human resources officer is a direct report.

• More than three-quarters of CEOs are making a change to their strategy for managing talent. The top target for change for the second year running.

Skills shortages are a top threat to growth and profitability

• 53% of CEOs see lack of key skills as a major challenge. Only 30% of CEOs are ‘very confident’ that they will have access to the talent they need over the next three years.

• Talent shortages are already biting: over half of CEOs say lack of talent meant they either, cancelled/delayed a strategic initiative, were unable to pursue a market opportunity or could not innovate effectively.

• 43% say it is now more difficult to hire workers in their industry.

• 53% of business leaders say that they have the greatest challenge recruiting and retaining high potential middle managers. This talent pool is the most elusive.

0% 10% 20% 30% 40% 50% 60%

Pharma, life sciences

Industrial manufacturing

Automotive

Chemicals

Transportation logistics

Construction/engineering

% of employers finding difficulty hiring the right talent

09

INDIA PERSPECTIVE – R&D

• India’s R&D expenditure augmented from USD 28 billion in 2009 to USD 36 billion in 2011, indicating a growth of over 25%

• R&D expenditure in 2011 stood at USD 36 billion (PPP), accounting for 0.9% of the GDP. Industry sector accounts for 25% of the expenditure

• About 75% of R&D is undertaken by public sector, followed by private sector and universities

• Key R&D focus sectors include pharmaceuticals, biotechnology, IT/ITES, auto components

• Number of R&D centres and talent pool have grown at an impressive rate of 14% CAGR from 2005 to 2010

• Recognizing the need for growth in competitiveness, employment and economy, the Government has declared 2010-2020 as ‘decade of innovation’ giving impetus to R&D

Spending on R&D in USD billion (PPP) - Top ten countries

R&D Spending pattern – 2010-11

Growth of R&D centres and talent pool

Source: Battelle, R&D Magazine 2012

UniteStates

d China Japan Germany SouthKorea

FranceUnite

Kingdomd

India Canada Russia

Spending 405 154 144 70 45 42 38 36 24 23

050

100150200250300350400450

Governmentspending

75%

Privatesector

spending25%

0100200

300400500

600

0

50,000

100,000

150,000

200,000

250,000

2005 2006 2007 2008 2009 2010

R&D Talent Pool R&D Centers

10

INDIA PERSPECTIVE – HUMAN CAPITAL

• For the Indian economy to grow annually at 8-9%, secondary and tertiary sectors are required to grow at 10-11%, assuming agriculture grows at 4%. In such a scenario, focus on human capital becomes imperative as a large portion of the workforce would migrate from the primary sector (agriculture) to the secondary and tertiary sectors

• As of 2010-11, India has one of the youngest populations in the world, with a median age of 25. Growth projec t ions by United Nat ions Population Division indicate that over the next 30 years, India will have the largest working group population, in the age group of 15 to 64. Developed countries, on the contrary, will face a severe shortage of working age population during the same period

• With initiatives of the Government through National Skill Development Corporation (NSDC) and various other institutions, if the skill gaps are addressed, India has the potential to emerge as manpower surplus by about 47 million by 2020

India China US UK Japan

2010 65 72 67 66 64

2050 68 61 60 59 51

0

10

20

30

40

50

60

70

80

Working age population in select countries (as % of total population)

Sector-wise Human capital requirement in India by 2022 (in million)

Source: NSDC, UNESCO population division

Textile&

Clothing

Building&

Constru-ction

Auto &Autocompon-ents

RealEstate

Organi-zed retail

Finan-cial

services IT/ITES

Electro-nics & IT

hardware

2008 35.4 25.0 13.0 11.0 0.3 4.3 2.2 4.2

2022 61.6 58.0 48.0 25.0 17.6 8.5 7.5 0.9

0

10

20

30

40

50

60

70

Government offers 200% deduction for

capital and revenue expenditure

for manufacturers with in-house R&D

11

KEY STRENGTHS AND GROWTH DRIVERS

Skilled English speaking

working force

Procedures relating to investments are

simplified to encourage FDI

Increasing Government Support to PSUs and autonomous bodies

Increasing industry focus on quality and specialized

application areas

Setting up of Centers of

Excellence in various areas

Setting up of sector specific

councils for skill development

Favourable tax regime providing deductions

for expenditure on R&D, donations,

customs duty benefitsImpetus to applied research through PPP

• Strengthening linkages between R&D centers, industry and academia to increase focus on sector responsive outcomes

Augmentation in R&D spending

• Increase in total R&D spend from 0.9% of the GDP to 2% by the end of 12th Five year plan

Institutional strengthening and collaboration with foreign universities

• Increasing the number of Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs) and Indian Insstitute of Science, Education and Research (IISERs)

• Foreign universities permitted to enter India through JVs or own campuses

Low cost base

• Potential investors eyeing India as a favoured destination for investments in R&D, attributed to availability of talent pool and cost competitiveness

12

GUJARAT PERSPECTIVE – HUMAN CAPITAL

Source: Directorate of Employment and Training (DET)

• Gujarat Government has undertaken speedy and investor-friendly reforms and continues to intensify steps to accelerate economic growth. With 5% of the total population, the state accounts for 17% of India’s overall industrial output, 25% of exports and about 9.5% of the total workforce. Gujarat is among the top few states in India to attract investments and create jobs

• With a strong presence across wide spectrum of industrial activities, the Government recognizes that creation of employment opportunities would ensure that the benefits of investment are shared by the people of the state

• All the high growth sectors viz. chemicals & petrochemicals, engineering & automobile, financial services, gems & jewellery, oil & gas, pharmaceuticals & biotechnology, ports & shipbuilding, textiles, infrastructure, will require over 2,154,571 additional manpower by year 2017

Sr. No. Sector Additional Manpower requirement

2012 2017

1 Oil & Gas 1,393 5,262

2 Gems & Jewellery 2,43,145 9,75,683

3 Chemicals & petrochemicals 75,873 2,61,954

4 Engineering & automobile 1,08,193 4,02,549

5 Pharmaceuticals & biotechnology 644 8,641

6 Textiles 73,880 2,47,577

8 Financial services 30,828 91,611

9 Infrastructure 51,454 1,61,294

Total 485,410 2,154,571

13

GUJARAT PERSPECTIVE – HUMAN CAPITAL

• Gujarat Government has undertaken several initiatives to enhance skill development through efforts of Directorate of Employment and Training, Directorate of Technical Education, Education Department, Tribal Department, Cottage & Rural Development Department and Industries & Mines Department

• The Government has further enhanced initiatives for skilled human resource development to take advantage of proposed large investments to promote balance regional development and improve Human Development Index (HDI)

• Gujarat Industrial Policy – 2009 has laid emphasis on creation of opportunities which would directly augment the levels of employment in the state.

0

10,000

20,000

30,000

40,000

50,000

60,000

2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

Engineering

Architecture

Pharmacy

MBA

MCA

Engineering(Diploma) Pharmacy(Diploma)

Number of seats in select full time graduate and post graduate courses

Particulars 2001-02 2010-11

Number of colleges 442 1762

Number of universities 11 42

Engineering and Management Institutes 119 497

Number of ITIs 274 1,068

Engineering and management seats 22,535 1,23,592

ITI seats 77,000 500,000

Source: Gujarat Socio-economic review, DET

CAGR - 25%

14

GOVERNMENT INITIATIVES

• Introduction of programs like Kanya Kelavani and Gunotsav, to increase awareness in community about child right to education, particularly girls education

• For the first time in primary education, Principal’s cadre established and 5,000 Principals appointed

• Establishment of education facilities :

• One Higher Secondary School at every 7 Km. in tribal areas

• One Higher Secondary School at every 10 km in general areas

• Govt. Science stream school in every taluka of the state. Rs. 4.5 lakh given by State Govt. for Lab facility in each science stream school

• Gujarat is the first state in the country to establish Knowledge Consortium of Gujarat (KCG) for revamping Higher Education and fostering innovation

• Gujarat Knowledge Society (GKS) for professional vocational course (first in the country). Till date 185,970 youth have received employment oriented training from Gujarat Knowledge Society

• New Syllabi & Reforms: Choice Based Credit System (CBCS)

• New Classroom : Active Learning methodology (ALM) & Sandhan through BISAG

• Integral Education: Saptadhara

% of Engineering & Pharmacy course seats for students from economically weak sections whose annual income is less than Rs. 2.5 lakh but have secured admission on

merit, given Admission without Fee. Since 2007-08 about 25,000 students have availed this benefit

15

GOVERNMENT INITIATIVES

The State Government has introduced an industry responsive skill development ecosystem, wherein the Industries & Mines department has planned to set up training centres in GIDCs, Industrial Parks, SEZ, Industrial Clusters and SIR

Sector Anchor Institute

Chemical & DDU Nadiad (Anchor), LD College of Engg. (co anchor)

Infrastructure CEPT, Ahmedabad

Engg. & Auto SVNIT, Surat

Textile MS University, Baroda

Garment & apparels NIFT, Gandhinagar

Gems & Jewellery Indian Diamond Institute, Surat

Plastic & Packaging CIPET, Ahmedabad

Petrochemical

Anchor Institutes(Apparel, Textiles, Engineering & Auto, Chemicals &

Petrochemicals,Infrastructure, Plastic & Packaging and Gems & Jewellery)

· Curriculam Revision· Knowledge Sharing

IndustryEmpoweringIndustry throughskilled & trainedmanpower

· Curriculam Revision as per the Industry needs· Capacity building

Empowering thetraining institutes bycapacity building

Skill Upgradation Centres atGIDC Estates/Industrial

Clusters/Industrial Parks/SEZ

Short Term Bridge Coursesunder PPP Mode

Specialized SkillDevelopment Centers

Sector specific Skill DevelopmentTraining Institutions & Centers

Textiles & Apparels

Gems & Jewellery

Other Sectors

To set up Specialized Trainingcenters in the Advance/

Specialized Technologies& Management areas

To provide platform forconducting need basedspecific training coursesfor a definite period in

the existing training centers

Provides training to manpower as per the industry requirement

To provide platform to runindustry specific training

courses to meetthe industry needs

16

GUJARAT – R&D SCENARIO

• Gujarat accounts for over 10% of the total R&D spending of India in 2010-11

• The state has attracted maximum f o r e i g n t e c h n o l o g y t r a n s f e r agreements from 1991 to 2011, giving fur ther boost to research and development

• The state has over 35 R&D and specialized institutions, focusing on a p p l i e d r e s e a r c h f o r m a j o r manufacturing sectors including pharmaceuticals & biotechnology, chemicals & petrochemicals, auto & engineering, renewable energy, etc

• Key sector – Pharmaceuticals and Biotechnology. The state has 40% of the Contract Research Organizations in the country. Key R&D segments include clinical research, genetic engineering, drug research and development

59%

31%

2%8% 1%

Foreign during 1991 to 2011

Technology Agreements in Gujarat

Engineering

Chemicals &Petrochemicals

Pharmaceutical

Textile

Glass Ceramics

Others

17

GOVERNMENT INITIATIVES – SUPPORT FOR RESEARCH AND DEVELOPMENT INSTITUTIONS SCHEME

• Announced by the Government of Gujarat to support development in the R&D sector

• Operative period – February 2009 to February 2014

• Proposed benefits – up-gradation of facilities and setting up of new R&D institution, testing facilities, incubation center, etc

• For assistance to contract/sponsored research work:

• R&D Institutions, including those established by Government and Private sector Institutions recognized by Department of Scientific and Industrial Research, Govt. of India and engaged in sponsored R&D work.

• AICTE approved professional colleges including autonomous as well as those affiliated to Universities, taking up sponsored R&D work from industry.

Eligible institutions:

• Specific R&D Project proposals from Research and Development Institutions, including those established by Government and Private Sector institutions, recognized by Department of Scientific and Industrial Research, Government of India and engaged in sponsored R&D work.

• Proposals from AICTE approved professional colleges, including autonomous, as well as those affiliated to Universities, taking up sponsored R&D work from industry. Assistance for Contract/ Sponsored research work from any industrial unit / Industry Association to recognized R&D Institution/ technical colleges approved by AICTE, will be considered.

• Sponsored R&D Project proposals from Industries Associations or individual industrial units

For support to R&D Institutions, assistance of upto 60% of the

project cost is provided (excluding cost of land and building)

For assistance to contract/sponsored research work, assistance of upto

50% of the project cost is provided (excluding cost of land and

building) subject to a maximum of INR 50 Lakh (USD 100,000)

18

GOVERNMENT INITIATIVES – INTERNATIONAL CENTRE FOR ENTREPRENEURSHIP & TECHNOLOGY (ICREATE)

• iCreate is the Gujarat government’s initiative to promote innovation. It will develop a world class innovation centre on a sprawling 34-acre campus, aimed at providing the best environment to young entrepreneurs to innovate and create businesses which in turn will result in prosperity for the state as well as for India

19

INVESTMENT SCENARIO

• 5th Vibrant Gujarat Summit was held on 12-13 Jan, 2011

• Total 8,380 MoUs worth Rs.20.83 lakh crores were signed during the summit

• 101 countries, over 1,400 foreign delegates and more than 35,000 Indian delegates participated in the summit

• Around 460 tie-ups – technical, institutional and R&D – out of which 70 with leading institutions from across the globe for exchange of knowledge

• More than 100 eminent political leaders, diplomats and captains of industry on the dais showed their solidarity with Gujarat

0

50

100

150

200

250

300

350

400

450

500

2003 2005 2007 2009 2011

Value MoUs signed during VibrantGujarat Summits (USD billion)

of

15 working groups have been formed to arrive at possible technology

driven solutions in the sectors of nano technology, gas and

energy, agribusiness, knowledge sector, transportation, environment

and social sector

20

RECENT DEVELOPMENTS

• In January 2012, Gujarat government signed a memorandum of understanding (MoU) with Yunnan province of China for cooperation to invest in technical and research and development (R&D). The MoU was signed between Industrial Extension Bureau (iNDEXTb) and Yunnan's D e v e l o p m e n t R e s e a r c h C e n t r e a t Sachivalaya

• In April 2012 Swedish Chamber of Commerce and Industries entered into MoU with Government of Gujarat (GoG), iNDEXTb and International Centre for Entrepreneurship and Technology (iCREATE) in presence of Sweden’s Ambassador to India Mr. Lars-Olof Lindgren and Gujarat Chief Minister Mr. Narendra Modi

• The delegation evinced keen interest in mutual co-operation in trade and commerce and human resources development. They also extended co-operation in the fields of research and development, high-tech agro business and technology

“Gujarat is a Vibrant state with fast paced

development and ties between Gujarat and

Yunnan will bring mutual cooperation for

investment and industrial development”

– Mr. Li Chon, Deputy Director – Yunnan

Development Research Centre

21

INVESTMENT OPPORTUNITIES

4

22

SECTORS FOR INVESTMENTS - R&D AND HUMAN CAPITAL

Defence related manufacturing

Pharmaceuticals & Biotechnology

Renewable energy

Auto & Engineering

Specialty & Fine Chemicals

Public Private Partnership (PPP)

IT/ITESNew varieties

of fibres & yarnEnergy

efficiency

23

ADVANTAGE GUJARAT

5

24

GUJARAT – THE STATE WITH STRATEGIC LOCATION

25

GUJARAT – INDIA’S ECONOMIC POWERHOUSE

26

GUJARAT – ROBUST INFRASTRUCTURE

27

GUJARAT – STRONG URBAN, SOCIAL AND EDUCATIONAL INFRASTRUCTURE

GUJARAT – LAND OF INNOVATIVE HUMAN CAPITAL

28

GUJARAT – NEW PARADIGM FOR INDUSTRIAL GROWTH

The current phase – involving Integrated development of large areas like SIRs,

PCPIR and DMIC – is poised to transform the industrial scenario in the state

Phase of industrial development

Leve

l of I

nteg

ratio

n

83 productclusters

202 IndustrialEstates

SEZs• Multi product• Chemical• Textile• Pharma• IT / ITeS• Electronics• Engineering• Biotech• Gems & Jewellery

Integrated large areadevelopments

• Special Investment Regions (>100 sq. km.) and Industrial Areas (50-100 sq. km.)

• CorridorDelhi Mumbai Industrial

• GIDC Industrial Estates• Petroleum, Chemicals and Petrochemicals Investment Region• Knowledge corridor• Logistics parks• Theme towns

Phase I Phase II Phase III Phase IV

29

GUJARAT - PROACTIVE GOVERNANCE

Source: Socio-Economic Review Gujarat, 2011-12, Department of Economic affairs, March 2009

30

OPPORTUNITIES TO INVEST IN GUJARAT

31

Source: TERI, GEDA6

DOING BUSINESS IN GUJARAT

32

OVERALL FRAMEWORK FOR DOING BUSINESS

33

TAX FRAMEWORK

34

EXCHANGE CONTROL REGIME

35

FRAMEWORK FOR SETTING UP INDUSTRY IN GUJARAT

36

Source: TERI, GEDA7

DOING BUSINESS IN GUJARAT

37

INDUSTRIAL PROMOTION FACILITATORS

38

KEY CONTACT PERSONS

Mr. Maheshwar Sahu, IASPrincipal Secretary (Industries & Mines)

Industries & Mines DepartmentPhone: +91 79 23250703

secimd@gujarat.gov.inwww.imd-gujarat.gov.in

Mr. D.J. Pandian, IAS Principal Secretary (Energy & Petrochemicals)

Energy & Petrochemicals DepartmentPhone: +91 79 23250771

secepd@gujarat.gov.inwww. guj-epd.gov.in

Mr. B.B. Swain, IASVice Chairman & Managing Director

Gujarat Industrial Development CorporationPhone: +91 79 23250583, Fax: +91 79 23250587

vcmd@gidcgujarat.orgwww.gidc.gov.in

Mr. Kamal Dayani, IASIndustries Commissioner

Industries CommissioneratePhone: +91 79 23252683, Fax : 91(79)232 52683

comind@gujarat.gov.inwww.ic.gujarat.gov.in

Mr. Mukesh Kumar, IASManaging Director

Industrial Extension BureauPhone: +91 79 232 50492, Fax: +91 79 232 50490

indextb@indextb.comwww.indextb.com

Mr. A.K. Sharma, IASChief Executive Officer

Gujarat Infrastructure Development BoardPhone: +91 79 23232701, Fax: +91 79 23222481

ceo@gidb.orgwww.gidb.org

Dr. K.U. MistryChairman

Gujarat Pollution Control BoardPhone: +91 79 23232152, Fax: +91 79 23232156

chairman-gpcb@gujarat.gov.inwww.gpcb.gov.in

Mr. D.P. JoshiDirector

Gujarat Energy Development AgencyPhone: +91 79 23257251

director@geda.org.inwww. http://geda.gujarat.gov.in

39

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Phone: 079-23256009, 23250492/3Fax: 079-23250490

E-mail: indextb@indextb.comwww.indextb.com

Visit us at www.vibrantgujarat.com

40

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