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Ahmedabad
is the largest inland industrial centre in western India,
and has historically enjoyed a reputation as an important
base of commerce, trade and industry. Under Muzaffarid rule,
the city was a major trade destination for western India,
because of its proximity to the port at Surat and for its
access to the hinterland of Gujarat. In the 19th century,
the textile and garments industry developed and thrived in
the city — on 30 May 1861 Ranchhodlal Chhotalal founded
the first Indian textile mill, the Ahmedabad Spinning and
Weaving Company Limited. This was followed by the establishment
of a series of textile mills such as the Calico Mills in 1880
by Maganbhai, and mills founded by industrialists such as
Ambalal Sarabhai and Kasturbhai Lalbhai. Arvind Mills, located
in Ahmedabad, is one of the largest textile mills in the country.
Ahmedabad
has a thriving chemicals and pharmaceuticals industry. Two
of the biggest pharmaceutical companies of India — Zydus
Cadila and Torrent Pharmaceuticals — are based in the
city. The city serves as the corporate headquarters of the
Adani Group, which is a leading multinational trading company.
The Nirma group of industries, which runs a large number of
detergent and chemical industrial units, has its corporate
headquarters in the city. In recent year many foreign companies
have set up their sales offices and production facilities
in Ahmedabad. Amongst them are Bosch Rexroth, Germany (hydraulic
components); Stork, Netherlands (textile machinery; joint
venture with ATE, India's leading textile equipment trading
house); Rollepaal, Netherlands (pipe extrusion equipment);
and Johnson Pumps, Sweden.
The completion
and operation of the Sardar Sarovar Project of dams and canals
has improved the supply of potable water and electricity for
the city. In recent years, the Gujarat government has increased
investment in the modernisation of the city's infrastructure,
providing for the construction of larger roads and improvements
to water supply, electricity and communications. The information
technology industry has developed significantly in Ahmedabad.
A NASSCOM survey in 2002 on the "Super Nine Indian Destinations"
for IT-enabled services ranked Ahmedabad fifth among the top
nine most competitive cities in the country.
A diverse
labour force of migrant workers from different parts of Gujarat
and neighbouring states is integral to the economy of the
city. These workers provide vital household labour and services
for the city's large middle class. Ahmedabad plays a strong
and significant role in providing commercial resources and
market access for the economies of neighbouring cities. A
majority of the working-age citizens of Ahmedabad are traders
and business people. This has led to the creation of major
mercantile corporations and artisan guilds that are a key
influence on the economic life of Gujarat. The city's educational
and industrial institutions have attracted students and young
skilled workers from the rest of India.
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