The Hindu Business Line : Crisil says sectoral approach will be key growth driver in Gujarat

CREDIT Rating Investment Services of India Ltd (Crisil), the consultant to the Gujarat Government for preparing the `Vision 2020' document - a blueprint for the State's growth trajectory over the next 15 years - has identified infrastructural gaps between the service, agriculture and industrial sectors as major roadbocks to growth. Crisil also apprised the corporate brass on the desired growth direction, and the must-dos for Gujarat, reiterating asectoral approach as a key driver.

Gujarat had roped in Crisil to firm up its ambitious plans, targeting a growth rate in excess of 10 per cent by 2020. Thus, it has been decided that the incremental growth, rather than remaining a decimal on documents, should imply abundant opportunities ensured by a proactive Government, leading to a better quality of life. The endgame is to transform the State not only into an attractive business destination but also as a preferred location for people to settle down.

The Gujarat Infrastructure Development Board (GIDB) is preparing a document to bridge the gap between the infrastructural requirements and the investments. The `Vision 2020' document is expected to be released by the third week of August. The round table meeting organised by Crisil this week had brought together top bureaucrats, led by the Chief Secretary, Mr P. K. Lehari, on the one side, and leaders of business houses such as Adani Group, Essar, Shell, General Motors, Nirma, Torrent and Gujarat Ambuja on the other. Dons of the Indian Institute of Management, Ahmedabad (IIMA) and representatives of trade bodies such as Confederation of Indian industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI) led the third front.

Some of the ideas mooted in the conference were: Developing Kutch as the `adrenaline zone' of India, tapping of opportunities unfurled by Narmada waters, faster evacuation of cargo beyond Gujarat borders, promoting the agro industry, establishing centres of excellence in Saurashtra and developing a knowledge corridor. And fuelling these growth plans would be the natural gas that would be on tap across the State.

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