and MNCs in Ahmedabad
Ahmedabad is the largest inland industrial
centre in western India and has served as an important base
of commerce, trade and industry.
Ahmedabad has claim to fame came for being home to the first
Indian textile mill known as the Ahmedabad Spinning and Weaving
Company Limited. A series of textile mills including the Calico
Mills in 1880 and many such textile mills are part of its
legendary status. Arvind Mills, one of India's leading composite
manufacturers of textiles is headquartered in Ahmedabad.
Chemicals and pharmaceuticals industry also thrives in Ahmedabad.
Americos Industries, specializing in production and marketing
of high quality products like enzymes, garment wash, auxiliaries,
smart colourants and dyestuffs has its headquarter in Ahmedabad.
Zydus Cadila and Torrent Pharmaceuticals, leading pharmaceutical
companies in India have their headquarters here. Paras Pharmaceuticals,
a reputed health and personal care company that manufactures
products for day-to-day health and hygiene has its manufacturing
plants located near Ahmedabad.
The city serves as the corporate headquarters of the Adani
Group, which is a leading multinational trading company with
revenues of $3.5 billion. The Adani group's core business
includes commodities trading, edible oil manufacturing, industrial
construction, Mundra port operations and distribution of natural
The corporate headquarters of the Nirma group of industries
which manufactures products ranging from cosmetics, soaps,
detergents and salt and runs a large number of detergent and
chemical industrial units is in Ahmedabad.
In the recent times, IT and IT-enabled services (ITES) and
Business Process Outsourcing (BPO) companies have preferred
to set up and run their offices here.More than 40 companies,
including Microsoft and Tata Consultancy Services (TCS), which
is part of Asia's largest conglomerates and most respected
groups, are already present at Creative Infocity.
Some foreign companies have set up their sales offices and
production facilities in Ahmedabad. Prominent among them are
Bosch Rexroth; Germany, Stork, Rollepaal and Johnson Pumps.
In the power sector, Torrent Power Limited, a part of Torrent
Group is an integrated electricity generation, transmission
and distribution utility. It is the sole distributor of electricity
to cities of Ahmedabad, Gandhinagar and Surat.
Ahmedabad has two local FM stations. Satellite radio was
launched in the city by WorldSpace in 2005. A network of optical
fibre cables connects the entire city. The city's telephone
service providers are landline and mobile operators like BSNL,
Reliance Infocomm, Airtel, Hutch and Tata Indicom. The Gujarat
film and television industry is also coming up.
Investment opportunities and real estate growth have encouraged
any banks and Housing Finance Companies (HFCs) to start operating
from Ahmedabad. Bank of Baroda established its first branch
in Ahmedabad. The Cosmos Co-operative Bank Ltd (Cosmos Bank)
one of the oldest .Urban Co-operative Bank in the India which
offers core banking solutions has a branch in the city.