Surat is the port city of Gujarat. Surat is one of the major cities of the country and also having a major Industrial hub with high standard of living. The Process of development is mainly driven by diamond processing, textiles and chemical & petrochemical industries. Due to his favourable location for trade, It was known from very ancient time as a trading centre of India.
There are many Industrialist interested in setting up industries in Surat. In fact, major corporates like Larsen and Toubro, Reliance Petrochemicals, ONGC, Torrent Power and Shell are having the manufacturing unit in surat. Other corporate houses and MNCs are GAIL, ABG Shipyard, Narmada Cement, Ambuja Cement,Ultratech Cement, NTPC-KGPP Power Plant, ESSAR Group of Industries(Steel/Power/Chemical/Oil/Shipping), L&T, Reliance PVC, Reliance Petroleum, Kribhco-Fertilizer mammoth, GSPC, Gujarat Gas, Shell, LNG, Naiko Gas and Rama Paper Mill etc.
These corporate houses MNCs and other foreign investor are keenly interested in investing in surat. The city is also successful in attracting the significant amount of Foreign Investment mainly in energy, oil and petroleum. The policy maker are also indulge in making the favourable environment for investment. The purpose of domestic Investment and FDI for policy maker is only to create jobs and accelerating the wheel of growth and development.
Professionals in Surat
Surat is paying the fair amount of remuneration to their professional employees. The Bachelor Degree holders and Associate Degree holders (with experience of 0-2 year)are having the average annual salaries of Rs. 1.02 to Rs. 11.9 lakh, which is slightly lower than the major metropolitan cities in India. Just have a look on salary of Degree holder
| Degree/Major Subject | Salary Bracket |
|---|---|
| MBA | Rs. 1 14 550 – Rs. 7 09 572 |
| Bachelor of Engineering (BEng / BE) Mechanical Engineering (ME) | Rs. 1 81 207 – Rs. 1 092 622 |
| BEng / BE Electronics & Communications Engineering | Rs. 1 22 111 – Rs. 6 65 878 |
| MBA Finance | Rs. 1 65 000 – Rs. 3 90 000 |
| BEng / BE Electrical Engineering | Rs. 3 60 000 – Rs. 1 500 000 |
| MCA Applications Development | Rs. 3 53 749 – Rs. 1 102 497 |
| MBA Human Resources | Rs. 78 000 – Rs. 6 50 000 |
SIT Project managers are enjoying the annual (Median) salary package of Rs. 10.9 lakh, where the Chartered Accountant are getting the Rs. 7.7 lakh annual package, which is much above the national average. The civil engineers are remunerated with the average (Median) salary of Rs. 7.7 lakh annually . Where, the accountants are getting around Rs. 1.8 lakh annually.
Salaries in accordance with Industries
In Surat, the highest annual packages are offered by Banking Industry. Have a look on the salaries of other Industries. Median Salary by Industries
| Industry | Salary |
|---|---|
| Steel Manufacturing | Rs. 4 80 249 |
| Software Development | Rs. 1 98 000 |
| IT services | Rs. 2 00 000 |
| Banking | Rs. 5 30 000 |
| Manufacturing | Rs. 4 14 952 |
| Web Development | Rs. 1 17 916 |
| Education | Rs. 1 80 000 |
Concluding Remark
Surat is growing city with upward moving graph of growth and development. The corporate houses are very much interested in investing in city, having huge potential and geographic advantage for trade and commerce. The salaries in Surat are at par with the metropolitan cities. The unemployment level is also very much low or negligible.
