About Surat
Surat is a city in the Indian state of Gujarat. It used to be a large seaport and is now a center for diamond cutting and polishing. It is the eighth largest city and ninth largest urban agglomeration in India. It is the administrative capital of the Surat district. The city centre is located on the Tapti River, close to Arabian Sea. Surat was the world's 4th-fastest growing city in 2016 according to a study conducted by the City Mayors Foundation. The city registered an annualised GDP growth rate of 11.5% over the seven fiscal years between 2001 and 2008. Surat was awarded "best city" by the Annual Survey of India's City-Systems (ASICS) in 2013. Surat is selected as the first smart IT city in India which is being constituted by the Microsoft CityNext Initiative tied up with IT services majors Tata Consultancy Services and Wipro. The city has 2.97 million internet users, about 65% of total population. Surat was selected in 2015 for an IBM Smarter Cities Challenge grant. Surat has been selected as one of twenty Indian cities to be developed as a smart city under PM Narendra Modi's flagship Smart Cities Mission. In 2017, Surat was the fourth cleanest city of India according to the Indian Ministry of Urban Development. Surat, famous for its diamond cutting and polishing is known as the Diamond City of India. Surat is also known as the textile hub of the nation or the Silk City of India.
Surat is Gujarat’s second largest city, one of the fastest growing business hubs in the country and a thriving commercial centre. Surat is well connected by air and rail to Mumbai, Delhi, Jaipur and other Indian Metros.
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Overview of Surat Textile Industry
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Total Nos. of Looms
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7,20,000
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Total Nos. of Process Houses
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485
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Total Embroidery Machines
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1,00,000
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Total No. of Textile Shops/traders
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50,000
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Total Yarn Sales
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Rs115 Bn
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Total Fabric Production
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13,000 Mn. Mts.
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Daily synthetic grey fabric production capacity
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25 Mn. Mts
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Total Sale value of Fabrics
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Rs. 500 Bn.
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Total Employment In Textile
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1.5 Mn.
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% Annual Growth Rate
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5-7%
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Surat - Diamond Manufacturing Hub of the World
Surat is an important Diamond Processing Centre, which exports around 80% of the production and has more than 3,500 diamond processing units. It has around 10,000 diamond units located in and around the city. Annual turnover of the business is 2 Trillion US $ (Rs. 2 Lacs Crores).
It is considered to be the 'Financial Capital' and the 'Growth Engine' of Gujarat.
The Diamond Industry is one of the major industries of the city.
Surat accounts for more than 80% of total exports of Processed Diamonds from India.
8 out of 10 diamonds in the world are processed in Surat.
Surat has a Special Economic Zone that houses a Diamond Park.
People with good entrepreneurial skill.
The upcoming Surat Diamond Bourse with 10,000+ diamond offices will provide an international business platform.
Surat is Gujarat's second largest city, one of the fastest growing business hubs in the country and a thriving commercial centre.