The city contributes to the economy of the state with heavy and small scale industries under the patronage of Gujarat Industrial Development Corporation (GIDC) and Gujarat State Financial Corporation (GSFC). The economy of Rajkot got another shot in the arm with 28 crore World Bank aid for development of infrastructure of the city. Many a renowned business houses made a beeline for grabbing the property market in the city, before it skyrockets. The plans are already in place to beautify and modernize the ancient city, including a Rock Garden, ala Chandigarh. Another 25 crore project to rebuild the Kaiser-e-Hind, the only major bridge linking to the city, is already nearing completion. All such infrastructure development will add to the economic wealth and promote the local business houses.
Industry
Rajkot is famous for its jewellery market, silk embroidery and watch parts. The city hosts several small scale manufacturing industries. Some of the industrial products for which Rajkot is known include bearings, diesel engines, kitchen knives and other cutting appliances, watch parts (cases & bracelets), automotive parts, forging industry, casting industry, machine tools, share market and software development. The city is also home to one of the largest CNC machine manufacturer in the country, Jyoti CNC Automation Pvt. Ltd. The Real Estate sector is also booming in the city, as the land prices in the city are some of the highest in India.
Rajkot is well known throughout the world for its casting and forging industries. Over the last few years, it has started to play an increasingly important role in the complex supply chains of many global engineering companies that make products such as electric motors, automobiles, machine tools, bearings, etc. Companies such as Echjay Industries, Solar Technocast Pvt. Ltd, Amul Industries, Prashant Castings (P) Ltd, Doctor Pumps Rolex Rings,
