Last Updated: September 16, 2015
Latest update: August, 2015
Last Updated: August, 2015
GUJARAT State Report | August, 2015
Gujarat is located on the western coast of India and has the longest coastline of 1,600 km among all states in the country. The state shares its borders with Rajasthan, Madhya Pradesh, Maharashtra and the Union Territories of Daman & Diu and Dadra & Nagar Haveli. The Arabian Sea borders the state both to the west and the south-west.
Gujarat is one of the leading industrialised states in India. The state attracted cumulative FDI worth US$ 11 billion from April 2000-March 2015 and is the second highest recipient of FDI in India after Maharashtra. At current prices, Gujarat's gross state domestic product (GSDP) was about US$ 142.38 billion over 2014-15. Average annual gross state domestic product (GSDP) growth rate from 2004-05 to 2014-15 was about 12.11 per cent.
Gujarat is considered the petroleum capital of India due to presence of large refining capacity set up by private and public sector companies. The state is the world’s largest producer of processed diamonds, accounting for 72 per cent of the world’s processed diamond share and 80 per cent of India’s diamond exports. With a contribution of 65 to 70 per cent to India’s denim production, Gujarat is the largest manufacturer of denim in the country and the third largest in the world. Gujarat contributes around 19.1 per cent to India’s total exports of goods in 2014-15.The state has excellent infrastructure as compared to other states. There are 45 ports, 18 domestic airports and one international airport. There are 106 product clusters and 60 notified special economic zones (SEZs). Large scale investment is expected in Gujarat as part of the US$ 90 billion Delhi-Mumbai Industrial Corridor (DMIC).
Gujarat’s Industrial Policy, 2015, offers attractive incentives and concessions for prospective investors.