Gujarat: Longest coastline in India-1600 km
Gujarat, one of the fastest growing economies in the world as per International Monetary Fund (IMF) and World Bank, was ranked #1 state in India in the Ease of Doing Business (EoDB) by World Bank in 2015. The state has best-in-class infrastructure in the form of 46 ports and 17 airports, directly connecting it to major cities of the world. There are 19 operational Special Economic Zones, 7 notified Special Investment Regions and 26 Industrial Parks in the state. Further impetus for industrial growth shall be provided by the Delhi Mumbai Industrial Corridor (DMIC) as 38% of the corridor length lies in Gujarat.
Gujarat is one of the pioneers of India’s growth story and also a leader in various sectors including petrochemicals, textiles, pharmaceuticals, automobiles, gems and jewellery, etc. The state, blessed with abundant natural resources, contributes 62% and 18% to India's petrochemicals production and exports, respectively. It is also India’s largest producer and exporter of cotton.
Key upcoming projects:
- Gujarat International Finance Tec-City (GIFT) is spread between Ahmedabad and Gandhinagar
- Sabarmati riverfront development on eastern and western sides of Sabarmati river in Ahmedabad
- Dholera Special Investment Region (SIR), with world-class infrastructure, close connectivity to major ports and logistics support of Dedicated Freight Corridor
- Smart Cities Mission, for which Gandhinagar, Ahmedabad, Surat, Vadodara, Rajkot and Dahod are the cities identified in Gujarat
Key upcoming industrial corridor:
- DMIC, with 5 industrial nodes lying in Gujarat, has about 62% of the project influence area in the state
- World's largest petroleum refining hub at Jamnagar
- Global leader in processed diamonds
- World's third largest producer of denim
- GSDP (Current price)
USD 158 bn (2015-16)
- Per capita income
USD 2,162 (2015-16)
- FDI inflow
USD 17 bn (2000-17)
- Annual crude oil capacity
4,461 MT (2015-16)
64% of Gujarat's population lies in the working age group of 15-59 years.
Gujarat accounts for 5% of the total population of the country. With the total population of 60.4 mn, the state has almost double the current population of Malaysia.
females/ 1000 males
Gujarat boasts of more than 30,000 food processing units, 560 cold storages and fish processing units. A dedicated Agro Business Policy 2016 and Chief Minister's Mission on Food Processing are recent announcements to make the sector even more attractive for business.
Gujarat's strong hold in heavy and light engineering sector complements the existing automobile industries in the state. The state has sound automotive clusters comprising of auto components and ancillaries manufacturing facilities near Rajkot and Ahmedabad. As many as 350 ancillary units are expected to come up in Sanand-Mandal-Becharaji region by 2018.
Gujarat accounts for 62% of India's petrochemical production, 35% of India's other chemical production and 18% of India's chemical exports.
Gujarat accounts for 72% of the world's share of processed diamonds. The state government has initiated 'Cluster Development' model to boost cost competitiveness and efficiency in the sector.
The size of Gujarat's IT industry is estimated at USD 1.1 bn in 2015-16 and the state expects it to increase ten folds by 2021 with the support of the new state IT Policy.
Gujarat is a leader in pharmaceutical manufacturing in India and accounts for 33% of country's sector turnover and 28% exports. More than 3,500 licenses have already been allotted to private players in 2017. With a turnover of USD 615 mn in 2014, Gujarat is also amongst India's top 5 biotech destinations.
Gujarat textile market, estimated to be around USD 25 bn by the end of the year 2017, houses more than 90% of weaving machinery manufacturers of the country.
Gujarat, home to several UNESCO identified heritage sites, world's largest temple complex and asiatic lions, recorded 38.3 mn tourists in the year 2015-16.