Welcome to Surat

Surat

Surat, located on the banks of the Tapi River in Gujarat, is the second largest city in the state and the ninth largest metropolitan area in India. It is a dynamic business and industrial hub known globally for its thriving diamond cutting and textile industries. With a population exceeding 6.5 million, Surat is recognized as one of the fastest-growing cities worldwide, propelled by a robust economy estimated at around US$40 billion. The city has reinvented itself as a model of urban resilience and cleanliness, earning accolades such as the third cleanest city in India and the first ‘smart IT’ city in the country. Surat offers a vibrant lifestyle supported by modern infrastructure, a skilled workforce, and a diverse cultural fabric attracting migrants from across India.

Business Environment

Surat's business climate is highly favorable due to its strategic coastal location, well-developed infrastructure, and strong industrial base. It dominates global diamond processing, with over 80% of the world’s diamonds cut and polished here, and is a leading center for textile manufacturing, producing millions of meters of synthetic fabric daily. The city also hosts expanding sectors such as chemical manufacturing, engineering, and information technology. Surat’s economy is supported by a growing number of small and medium enterprises, national and multinational companies, and government initiatives aimed at smart city development and sustainable growth, making it an attractive destination for investors and entrepreneurs.

Popular Markets and Industries

• Diamond cutting and polishing – a global hub employing over 800,000 people
• Textile manufacturing – producing 40 million meters of synthetic fabric daily
• Chemical and petrochemical industries leveraging local raw materials and infrastructure
• Engineering and manufacturing sectors including machinery and automotive components
• Information technology and IT-enabled services growing rapidly under smart city initiatives

Growth Potential

Surat is projected to be the fastest-growing city globally between 2019 and 2035, with an average GDP growth rate exceeding 9%. Its youthful demographic, with 25% under 25 years of age and 65% in the working-age group, fuels a dynamic labor market and entrepreneurial spirit. Continued investments in urban resilience, infrastructure, and technological innovation underpin Surat’s rising prominence as a commercial powerhouse in India. The city’s commitment to cleanliness, smart governance, and sustainable development further enhances its attractiveness as a center for business opportunities and quality urban living.