Gujarat is in the forefront of economic development and industrialization. Besides being a major manufacturer of Pharmaceuticals, Dyes, Chemicals and textile etc. Gujarat also has huge resources of petroleum deposits with it and is a major producer of petrochemicals too. Gujarat caters to a vast hinterland, which constitutes 35% of India’s exports. In today’s scenario Gujarat has made up plans to become one of the major players in the global IT sector too.
Major multinationals and prestigious national corporates have preferred this state to start their industries and corporate nerve centers too. Growing industrialization of the State & increasing needs of the people for better quality of life the need to cater to the burgeoning trade through the hinterland has put tremendous pressure on the existing infrastructure in the State. Therefore, there is a clear need for World Class Infrastructure to sustain this rapid pace of economic growth.
Gujarat is the first state in India to have a law governing Built Own and Transfer (BOT) transaction and such other arrangements along with private participation in infrastructure projects. Roads in the transport sector accounts for nearly 17.05% of the total planned investments amounting to Rs.19951 crores for the period upto 2010 of "Gujarat Infrastructure Agenda – Vision 2010".