Economy of Ahmedabad

2022-06-01T13:56:43Z

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{{Use dmy dates|date=December 2018}}
{{Use Indian English|date=December 2018}}
[[File:SG Road2.jpg|thumb|250px|A retail mall on the Sarkhej-Gandhinagar Highway]]
'''Ahmedabad''' is the industrial center in western India. after [[Mumbai]].The gross domestic product of Ahmedabad metro was estimated at $80 billion in 2020.<ref>{{Cite news|last=Chakravorty|first=Abhimanyu|date=13 April 2016|title=From Gurgaon to Gurugram: 20 cities that changed their names|language=en-IN|work=The Indian Express|url=http://indianexpress.com/article/india/india-news-india/gurgaon-new-name-gurugram-indian-cities-renamed/|url-status=live|access-date=29 April 2018|archive-url=https://web.archive.org/web/20180430050426/http://indianexpress.com/article/india/india-news-india/gurgaon-new-name-gurugram-indian-cities-renamed/|archive-date=30 April 2018}}</ref><ref>{{Cite web|url=http://www.businessworld.in/article/Richest-Cities-Of-India/28-06-2017-121011/|title=Richest Cities Of India|date=2017|website=businessworld.in/|access-date=2020-02-20}}</ref> It is the largest supplier of [[denim]] and one of the largest exporters of [[Gemstone|gems]] and [[jewellery]] in the country.<ref name="jnnurm">{{cite web|url=http://www.egovamc.com/cdp/AMC_CDP.pdf|title=Profile of the City Ahmedabad|author=Jawaharlal Nehru National Urban Renewal Mission|year=2006|work=Ahmedabad Municipal Corporation Ahmedabad, Urban Development Authority and CEPT University, Ahmedabad|publisher=Ahmedabad Municipal Corporation|access-date=2008-07-22}}</ref> Ahmedabad hosts the headquarters of major public-sector banks Ahmedabad Dist Co Op Bank, Ahd Mercantile Co-Op Bank Ltd, Ahmedabad Mercantil Co Op Bank, [[Dena Bank]], The Cosmos Co - Op Bank, Manager Gujarat Ambuja Co-Operative, The Gujarat State Co-operative Bank Ltd.Gujarat State Coop Bank, The Kalupur Bank, Ahmedabad Capital Bank, Kutch Bank co op, [[Bank of Rajasthan]], Bank of Marwad.

The [[Textile industry]] has been the main industry of Ahmedabad. On 30 May 1861, [[Ranchhodlal Chhotalal]] founded the first Indian [[textile mill]] called the Ahmedabad Spinning and Weaving Company Limited, to be more popularly known as the Shahpur Mill later on. This was followed with a series of textile mills like the Calico Mills in 1880 by Maganbhai, and other mills founded by industrialists like [[Ambalal Sarabhai]] and [[Kasturbhai Lalbhai]] which gave Ahmedabad the title of [[Manchester]] of India. The textile industry saw a decline in the early part of the 20th century, but was revived again due to the [[First World War]] and also by the [[Swadeshi movement]] led by Mahatma Gandhi during the independence movement.<ref>"The Ahmedabad Chronicle, Imprints of a millennium", page 34. Vastu-Shilpa Foundation for Studies and Research in Environmental Design, 2002</ref> [[Arvind Mills]] is one of the largest textile mills in the country. An Arvind mill is one of the three largest producers of denim in the world.{{citation needed|date=April 2012}} [[Dhirubhai Ambani|Dirubhai Ambani]] started his the first textile mill at [[Naroda]] in February, 1966.<ref>{{Cite book|last1=Herdeck|first1=Margaret|url=https://books.google.com/books?id=xcbBEHHI-90C&dq=reliance+naroda&pg=PA16|title=India's Industrialists|last2=Piramal|first2=Gita|date=1985|publisher=Lynne Rienner Publishers|isbn=978-0-89410-415-2|pages=14|language=en}}</ref>

Ahmedabad GDP was $65 billion in 2008. Ahmedabad also has a thriving chemicals and pharmaceuticals industry. Two of the biggest pharmaceutical companies of India - [[Zydus Cadila]] and [[Torrent Pharmaceuticals]] are located in the city. The city also serves as the corporate headquarters of the [[Adani Group]] which is a leading trading and export company of India. The [[Nirma]] group of industries running many detergent and chemical industrial units in Gujarat, also has its corporate headquarters in the city.

The last few years has seen the rise of the [[Information Technology]] industry in Ahmedabad. A Nasscom survey in 2002 on the ‘Super Nine Indian Destinations’ for IT-enabled services (ITES) had ranked Ahmedabad fifth among the top nine most competitive cities in the country.<ref>{{
cite web
|title = "Ahmedabad joins ITES hot spots", The Economic Times, 16 August 2002
|url = http://economictimes.indiatimes.com/cms.dll/articleshow?art_id=19195158
|access-date = 2006-05-14
|url-status = dead
|archive-url = https://web.archive.org/web/20050902215950/http://economictimes.indiatimes.com/cms.dll/articleshow?art_id=19195158
|archive-date = 2 September 2005
}}</ref>

==Companies==
{{Category see also|Companies based in Ahmedabad}}

Companies based in Ahmedabad include: [[Adani Group]], [[Arvind Mills]], Astral Limited<ref>{{cite web |title=ASTRAL LTD. (ASTRAL) - COMPANY HISTORY |url=https://www.business-standard.com/company/astral-27655/information/company-history |website=Business Standard}}</ref><ref>{{cite web |title=Astral Ltd. |url=https://www.moneycontrol.com/company-facts/astrallimited/locations/APT02 |website=Money Control}}</ref> [[Cadila Healthcare]],<ref>{{cite web|url=http://business.mapsofindia.com/sectors/manufacturing/cadila-healthcare.html|title=A Complete Overview on Cadila Healthcare |publisher=business.mapsofindia.com|access-date=2009-02-04}}</ref> [[Gateway TechnoLabs]], [[Gujarat Samachar]], [[Infibeam]], [[Nirma]], [[Sadbhav Engineering Limited]], [[Sandesh (Indian newspaper)|Sandesh]], [[Torrent Cables]], [[Torrent Pharmaceuticals]], and [[Torrent Power]].

==References==
{{reflist}}

{{Ahmedabad topics}}

[[Category:Economy of Ahmedabad| ]]

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Economy of Ahmedabad