Gujarat: Longest coastline in India-1600 km
Gujarat, one of the fastest growing states in India during 2013-17 ranked #4 in Ease of Doing Business (EoDB) by World Bank in 2017. The state also occupied the topmost position in National Council of Applied Economic Research’s State Investment Potential Index (N-SIPI) in both its editions in 2016 and 2017. Gujarat offers best-in-class infrastructure in the form of 42 ports and 17 airports, directly connecting it to major cities and trading centres of the world. There are 19 operational Special Economic Zones (SEZ), 8 notified Special Investment Regions (SIR) and 182 Industrial Estates in Gujarat. Delhi Mumbai Industrial Corridor (DMIC) provides further impetus for industrial growth in Gujarat as 38% of the corridor lies in the state.
Gujarat International Financial Tec-City (GIFT City) in Ahmedabad is the country’s first international financial services centre (IFSC) that caters to customers outside the jurisdiction of the domestic economy. Currently, 11 domestic banks including State Bank of India and ICICI Bank have started their operations at GIFT City, with 3-4 foreign banks in the fray to open their shops.
Gujarat is not only among the pioneers of India’s growth story but also a leader in various sectors including petrochemicals, textiles, pharmaceuticals, automobiles, and gems and jewellery, among others. 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:
- New airports proposed at 11 sites, including Greenfield airports being built in industrial areas like Ankleshwar and religious tourism destinations like Dwarka
- 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
- Aviation Park, developed by GUJSAIL, with facilities such as an airstrip, a training school, a helipad and a space for setting up small manufacturing units
- 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 3rd largest producer of denim
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- GSDP (Current price)
USD 172.6 bn (2016-17)
- Per capita income (Current price)
USD 2,336 (2016-17)
- FDI inflow
USD 17.4 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. The state has the presence of 51 dairy plants, which is second-highest in India. Total milk production of the state crossed 12 MMT in 2015-16, making it second highest milk producer in India.
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.
Gujarat ranks first in India’s chemical manufacturing output. The state accounts for 62% of India's petrochemical production, 35% of other chemical production and 18% of chemical exports. The state is also the largest producer of bio-fertilizers, seeds, urea and other fertilizers.
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 is the largest producer and exporter of cotton in India, producing 27% of the country’s total output. The state has presence of 18 textile clusters 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 is home to several UNESCO identified heritage sites, world's largest temple complex and the Asiatic lions. The state recorded 42.6 mn tourists, both domestic and foreign, during 2016.