Surat is well known to diamond enthusiasts worldwide. Those who have an affinity for the brilliant gems will have a working knowledge of the city and its diamond industry. In fact, diamonds are perhaps what define Surat, because ninety-two percent of the world production of diamonds are cut and then polished in this city. Partly because of the diamond polishing industry and the other industries in the city, Surat has had the highest growth in terms of GDP in the whole of India, being at eleven and a half percent. The population in this city numbers at four million people, making it the ninth largest in the entire India and second largest in its state.Under the rule of the British, Surat became a prominent port city, with important trade routes to India, particularly from other countries that are stopping by Surat for trade. However, with the rise of Bombay, Surat’s importance to trade and economy began to decline. It only rose again when the British put the city’s affairs in their hands and assumed control. The role of the British in this city is evident because even during times of unrest, the city remained peaceful, mainly because of the good nature of its residents. These people are more interested on their affairs than in power struggles. Plus, this is also due to their loyalty to the British.
The twentieth century brought back the luster in Surat’s economy, with the population count rising back again, and the economy slowly changing. Plus, with the former backbone industries in the city being non existent, the textile business in this city regained momentum. This is along with its trade guilds that formed alliances that can protect one another. As a sign of progress, the city opened a new airport that operates on domestic flights. The climate in the area is tropical and has the typical pattern of a port city. The temperatures are estimated to go beyond forty degrees Celsius during summer and below twelve degrees during wintertime.
Surat’s Economical Status
The industry that makes Surat so famous is the diamond-cutting business, where in, workers are being sent with uncut, unpolished stones that they need to process in order to become jewelry-worthy diamonds. Most of the work done in this area based on smaller-sized diamond cuts. However, the industry, as a whole, is looking to the more lucrative cutting projects for larger, more expensive diamonds. This industry was started in 1901, having cutters that transferred to the city and bringing along with their skills. By the seventies the quality of their work was already apparent, and they began to export finished diamonds to the US.
Early industries established in the city of Surat that are still prevalent to this day are the textile industry, which encompasses a lot of textile types and materials used. The silk trade also belongs to the textile industry. In fact, workers here also do traditional-styled embroidery within their manufacturing plants. In fact, it’s such a big draw to people from other areas that Surat has become somewhat of a beacon when it comes to young people who are looking to find their first job in this city’s many industrial plants. The boomtown atmosphere that has been cultivated by the city also has a double-edged effect. This is due to the rising draw of population to Surat that has made a competitive mark for jobs, making it tougher and harder to achieve. Having more people around would be more of an economic challenge of actually feeding and housing all these people. Hence, so far, the city has remained stable. It is also trying to cope with the people who are coming in with hopes of finding jobs and being granted with opportunities.
Investing in Surat
The glitz of the information technology in cities like Bangalore would not have been possible if not for the backbone of industrial production in a city such as Surat. The possibilities for progress are better in this place as compared to the farming or mining industries in rural villages. A diamond cutter can even earn fives times the national average of his day job. The diamond polishing industry has ever since been, one of the most promising opportunities for anybody who would like to claim something tangible. Investing in one of these businesses is a proven formula, with more than seven out of every ten diamonds being polished in this city. The work force in this industry is also about half as large as it is for the IT industry, but the industrial work done here is a sign of progress. For the people, it means that they have other options besides farming and toiling their land, for a meager income.
Hence, the textile industry is another good way to invest in Surat’s booming industrial-based economy. The size of the industry in this area is apparent, granted that you can count up to over six hundred thousand looms that are all operational. This is in order to produce the output needed for yarn, cloth, and finished clothing products like saris, the Indian equivalent of a skirt. This is enough to export to all the cities in India. If you want to invest in a textile manufacturing business, it’s also a good choice. Due to the added support of modern infrastructure, India is implementing it as a whole, along with more and more people. The manufacturing industry, as a whole, in India, is just over one quarter of its whole economy. It is deemed to still have a long way to go due to the demand for production which still far exceeds the supply given at any one time.
Thus, if investing in a tangible business is what you’re after, and you don’t want to put your money in something that you can’t hold or touch like software, it would be good to invest in an industrial-grade businesses like the prominent ones in Surat. Because of the high cost of entry in these businesses, one would question if it’s worth the risk. In fact, and losing all that capital would be a major loss. Then again, when it comes to investing in Surat’s many plants and factories, you’ll see that the wait is worth it, especially when you see the profits keep flowing in.