Gujarat is located on the western coast of India and has the longest coastline of 1,600 kms in the country. Gujarat is one of the highest growth states in the country.
Gujarat is one of the leading industrialised states in India. The Gross State Domestic Product (GSDP) of Gujarat for FY26 (at current prices) is Rs. 29.82 trillion (US$ 349.14 billion). Gujarat’s GSDP increased at a CAGR of 10.16% between FY16 and FY26BE.
There are 13 major industry groups that together account for around 82.05% of total factories, 95.85% of total fixed capital investment, 90.09% of the value of output and 93.21% of value addition in Gujarat's industrial economy. Gujarat ranked 1st in Export Preparedness Index 2021. Gujarat recorded Rs. 9,05,346 crore (US$ 106.27 billion) worth of exports in FY25 (Until February). Petroleum products contribute majorly to 38% of total exports from the state.
Gujarat is a leader in industrial sectors such as chemicals, petrochemicals, dairy, drugs and pharmaceuticals, cement and ceramics, gems and jewellery, textiles and engineering. The industrial sector comprises of over 800 large industries and 453,339 micro, small and medium enterprises.
Gujarat has over 3,300 pharmaceutical manufacturing units, which contributed 30-35% to India’s pharma sector’s turnover and around 28% to India’s pharma export during 2018-19. Gujarat has over 3,300 pharmaceutical manufacturing units, which contributed 30-35% to India’s pharma sector’s turnover and around 28% to India’s pharma export during 2018-19.
As of February 2025, Gujarat had a total installed power generation capacity of 57,886.85 MW, comprising 42,210.36 MW under private utilities, 8,469.86 MW (state utilities), and 7,206.63 MW (central utilities).
As of July 2022, Gujarat had 25 SEZs with notified approvals.
In 2022-23, the secondary sector contributed 42.90% to the state’s GSDP (at current prices), followed by tertiary (37.3%) and primary (20.09%) sectors.
Following is some of the major initiatives taken by the Government to promote Gujarat as an investment destination:
State Budget FY26 developments:
- Allocated 6.4% of its expenditure on roads and bridges in FY26. This is higher than the average allocation for roads and bridges by states in FY25 (4.3%)
- Allocated Rs. 10,613 crore (US$ 1.24 billion) towards power subsidies for agriculture.
- Rs. 12,846 crore (US$ 1.50 billion) has been allocated towards the Swarnim Jayanti Mukhya Mantri Shaheri Vikas Yojana.
- Provision of Rs. 2,914 crore (US$ 341.2 million) has been made towards the Mission Schools of Excellence Scheme.
- Rs. 3,491 crore (US$ 408.7 million) has been allocated towards Arogya Suraksha yojana.
- Rs. 1,200 crore (approximately US$ 140.5 million) has been designated for FY26 to offer aid through interest subvention for farmers.
- As of February 2025, Gujarat had a total installed power generation capacity of 57,886.85 MW, comprising 42,210.36 MW under private utilities, 8,469.86 MW (state utilities), and 7,206.63 MW (central utilities).
- According to the Telecom Regulatory Authority of India (TRAI), Gujarat had 64.96 million wireless connections and 1.94 million wireline subscribers as of December 2024.
- Exports of organic chemicals and inorganic from Gujarat reached Rs. 100 crore (US$ 11,740.83 million) in FY25 (until February 2025).
- In November 2023, the Gem & Jewellery Export Council (GJEPC) the apex body to promote exports of gems and jewellery in India, partnered with the American multinational, FedEx Corporation.
- In November 2023, the Chief Minister inaugurated the state-wide ‘Ravi Krishi Mahotsav 2023, which aims to offer guidance to the state’s farmers on modern agricultural technology concerning seasonal crops and provide insights into various farmer-oriented support schemes.
- In November 2023, Chief Minister Mr. Bhupendra Patel approved the Full Dealer Owned Dealer Operated-(FDODO) CNG scheme which would be implemented by Gujarat Gas Limited and Sabarmati Gas Limited.
- In October 2023, IT SEZ with an investment of Rs. 8,000 crore (US$ 960.37 million) might come up in the city.
- In October 2023, a MoU was signed between the Indian National Space Promotion and Authorization Centre (IN-SPACe) and the Government of Gujarat, for the development of a space manufacturing cluster in the city near Ahmedabad.
- In October 2023, the Gujarat government set up a development authority for the Becharaji region. The Mehsana district collector has been appointed chairperson of the authority.
- In October 2023, the Petronet LNG board approved the setting up of a petrochemical plant in Dahej, Gujarat with an estimated cost of Rs. 20,685 crore (US$ 2.48 billion).
- In September 2023, the Gujarat Maritime Board (GMB) revived plans to build ‘Port City,’ an ambitious project conceptualized on the lines of established global maritime hubs like Dubai and Singapore.
- In August 2023, 36 railway projects worth Rs. 30,789 crore (US$ 3.69 billion) were underway in Gujarat.
- During the fiscal year 2023-24 (April-September), aircraft movement was 50,394, passenger traffic was 6.85 million, and cargo traffic was 52,847 million tonnes.
- In July 2023, 15 companies signed MoUs worth Rs. 2,000 crore (US$ 240.09 million), for investments in the biotech sector.
- In July 2023, an MoU has been signed between the State and Central government at Surat for the construction of PM MITRA Park on 1,141 acres at Vansi Borsi in Navsari, Gujarat.
- According to the Telecom Regulatory Authority of India (TRAI), Gujarat had 65.27 million wireless connections and 1.21 million wireline subscribers as of March 2023. As of March 2023, the state had 52.54 million internet subscribers.
- In June 2023, Google to set up Global FinTech Operations Centre in Gujarat's Gift City.
- In June 2023, Mr. Nitin Gadkari dedicates two National Highway projects worth US$ 5.85 million in Vadodara, Gujarat.
- In June 2023, Union Home Minister and Minister of Cooperation, Mr. Amit Shah inaugurated the National Convention of Modi Samaj in Ahmedabad, Gujarat.
- In May 2023, Union Home Minister and Minister of Cooperation Mr. Amit Shah laid the foundation stone of the permanent campus of National Academy of Coastal Policing (NACP) at Dwarka, Gujarat, to be built at a cost of US$ 57.32 million.
- In April 2023, Mr. Sarbananda Sonowal approved the establishment of an oil jetty at Kandla's Deendayal Port for US$ 15.05 million.
- In April 2023, Gujarat Fluorochemicals announced to invest US$ 609.86 million in EV batteries, solar and green hydrogen supply chain.
- In March 2023, Anupam Rasayan to set up three new plants in Gujarat with US$ 81.72 million investment.
- In February 2023, the Gujarat government signed 18 memorandum of understanding (MoU) worth US$ 1.20 billion under the state government's 'Aatmanirbhar Gujarat Schemes for Assistance to Industries'. It is expected to generate 10,851 employment opportunities.
- In February 2023, Mr. Parshottam Rupala launched Sagar Parikrama Phase-III from Gujarat's Hazira Port.
- In February 2023, 16 Bharat Gaurav circuits were constructed, and this Garvi Gujarat Yatra is the 17th circuit on the lines of the Government of India's "Ek Bharat Shrestha Bharat" initiative to highlight the legacy of vibrant Gujarat.
- The World Bank has loaned (Rs. 4,200 crore) for the ‘SRESTHA Gujarat’, a multi-dimensional health-oriented plan that would be implemented in the upcoming 5 years.
- In November 2022, a wind turbine taller than the world's tallest Statue of Unity with blades spanning wider than the wingspan of a jumbo jet has been installed at Mundra in Gujarat by Adani New Industries Ltd.
- In October 2022, Ms. Droupadi Murmu, laid the foundation stone of four important Projects worth more than US$ 34.15 million of Deendayal Port Authority, Kandla at Gujarat.
- In October 2022, Prime Minister, Mr. Narendra Modi launched Mission Schools of Excellence at Trimandir, Adalaj, Gujarat. The Mission has been conceived with a total outlay of US$ 1.21 billion.
- In October 2022, PM lauds people of Gujarat for their enthusiasm for 100% completion of Jal Jeevan Mission in the state.
- In October 2022, PM Mr. Modi declares Modhera as India's first 24x7 solar powered village.
- In June 2022, Prime Minister Mr. Narendra Modi inaugurated and laid foundation stone of development projects worth Rs. 21,000 crore (US$ 2.63 billion) at Gujarat Gaurav Abhiyan at Vadodara.
- In July 2022, the government approved the construction of Taranga Hill-Ambaji-Abu Road new rail line to provide connectivity and improve mobility.
- As of July 2022, Gujarat had 25 SEZs with notified approvals.
- In July 2022, Deendayal Port Authority (DPA) announced plans to develop two Mega Cargo Handling Terminals on a Build-Operate-Transfer (BOT) basis under Public-Private Partnership (PPP) Mode at an estimated cost of Rs. 5,963 crore (US$ 747.64 million).
MMTPA - Million Metric Tonnes Per Annum
