Surat is a port city in the Indian state of Gujarat and administrative headquarters of the Surat District. The city is situated on the left bank of the Tapi river A moat divides the older parts of the city, with its wider streets , handsome houses, andthe newer suburbs.
The city is largely recognized for its textile and diamond businesses. It is also known as the diamond city of Gujarat. Surat is also considered a relatively clean city in India.
It has one of the highest GDP growth rates in India at 16.5% as of 2008.
Surat was the primary port of India during the Mughal period.
The Proudfull History
The wealth and prosperity of the city started in the 12th century when
Parsis first settled here. Akbar captured the city in 1573 after a long siege and it became an important Mughal trading point. Arabian traders started calling this place Bunder-E-Khubsoorat (the beautiful port), which later shortened to Surat.
In 1612, the British established their trading factory here, soon to befollowed by the Dutch and French. Due to political and climatic problems and growing importance of Mumbai, Surat lost its prominence.
Infra-Structure and Industries in Surat
Surat is one of the most important industrial centers of the state of Gujarat. The diamond cutting and polishing industry of the city can be the perfect advertisement for the industrial scenario of the city. Surat is one of the most well planned cities in the country. Ranked one among the top ten fastest growing cities in India. The second Ranked for cleanest city in India.The city also homes to a rich textile industry and several heavy engineering plants.
It is at the heart of India's thriving diamond-polishing industry, which in 2007 cut 92% of the world's diamond pieces and earned India $18 billion in exports. It is a major production centre for synthetic textiles in India and known as silk capital of India. 40% of India’s total man made fabric is produced from Surat besides also contributing to nearly 28% of India’s total synthetic output.
Surat has infrastructure and conducive environment for industrial growth, Most renowned and big corporate houses like GUJARAT GAS, ESSAR, ONGC, RELIANCE, SHELL, L&T, Indian Oil Co., G.A.I.L, NTPC, ABG Shipyard and many big renowned companies have their presence and contributing to make Surat as one of the most industrialized city of India.
SURAT is No-1
A lot has been said about India's robust economic growth with economists predicting a bright future for the country. But few know of the booming Indian cities that are adding to the nation's growth. So which are the country's fastest growing cities? Read on to find out? SURAT is No-1 Growth rate: 11.5%
New Delhi 8.4%
The city has registered an annualized GDP growth rate of 11.5 per cent over the past seven fiscal years, according to the data compiled by economic research firm Indicus Analytics. Surat Known for its thriving diamond and textile industry, Surat is situated on the banks of the Tapti river. More than 90 per cent of world's diamonds are cut and polished here.
These two industries have largely contributed to the city's growth as the economic powerhouse of India. Though often affected by floods and earthquakes, the city has always come out on top. Improved infrastructure has been key to Surat's rapid rise. A number of elevated roads and flyovers have facilitated the thriving diamond and textile business of the city. The city's Varachcha flyover is claimed to be India's longest. Surat with its low unemployment rates, high job rates and one ofthe highest per capita small business credit is the top destination for jobs and business.
It is said that if you want to make money, Surat is the place to be in.
Surat households richest in India'
The average annual household income (AHI) in the diamond city is Rs 4.57 lakh-the highest in the country. It has displaced Chandigarh in a list of 20 cities because of its lower cost of living. Gujarat, in fact, is the only state with two cities in the top five - Ahmedabad has been ranked fifth, ahead of Mumbai and Delhi. "The ranking is natural, given Gujarat's growth. Surat's employment generation is equal to many fast-growing cities of the world," says Dr YK Alagh, economist and former member of Planning Commission. The study says Surat's AHI is almost equal to China's per capitaincome of 2007 and double the national per capita income. Even its GDP growth of 11.5 per cent for the last consecutive years is the fastest in the country.
The 2001 census showed that Surat had the fastest population growth nationally at 62 per cent. "The study has shown that Gujarat is more prosperous than 90 per cent of the country," says former IIM-A director BakulDholakia.
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