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Gujarat: August 2012

August, 2012

Gujarat is located on the Western coast of India and has the longest coastline of 1,600 km in the country. The state shares its border 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 the 'Petro Capital' of India, the state contributes significantly to the country’s petrochemicals production (62 per cent), chemicals production (51 per cent) and pharmaceuticals production (35 per cent). It has achieved the distinction of being one of the most industrially developed states. Accounting for 5 per cent of the total Indian population, Gujarat contributes 24.6 per cent to India’s goods exports. There are eight agro climatic zones in the state that support cultivation of a wide range of crops.

Gujarat has excellent infrastructure. There are 42 ports, 13 domestic airports and one international airport. The state also has extensive road and rail network. There are 83 product clusters, 257 industrial estates, 30 notified Special Economic Zones (SEZ) and upcoming infrastructure on the Delhi-Mumbai Industrial Corridor (DMIC). A Dedicated Freight Corridor (DFC) is being set up between Mumbai and Delhi. Of the 20 industrial nodes identified across six states where DFC passes, six have been proposed for Gujarat alone.

The per capita GSDP of the state increased at a compound annual growth rate (CAGR) of 14.7 per cent between 2004-05 and 2010-11. The State has received cumulative foreign direct investment (FDI) inflows worth US$ 8 billion during April 2000 to January 2012, according to Department of Industrial Policy & Promotion (DIPP).

Gujarat has framed policies in almost all key sectors such as industry, power, ports, road, IT, agriculture, minerals and tourism. Gujarat’s Industrial Policy, 2009, offers attractive incentives and concessions for prospective investors.

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