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 high growth states in the country.

Gujarat is one of the leading industrialised states in India. At current prices, Gujarat’s Gross State Domestic Product (GSDP) is estimated at Rs. 22.61 lakh crore (US$ 275.78 billion in FY23, an increase of 15.5% YoY. In 2022-23, Gujarat contributed 8.6% to India’s GDP.

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 with the highest exports worth US$ 131 billion (April 2022- January 2023).

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. Export of drug formulations from Gujarat reached US$ 2,824.55 million in FY22

In 2019-20, the state produced 4.6 million tonnes of petroleum (crude) and 1,287 million cubic metres of natural gas. Total consumption of petroleum products stood at 22.53 million metric tonnes (MMT) in 2019-20. Petroleum product exports from Gujarat stood at US$ 36,842.98 million in FY22.

As of May 2023, Gujarat had a total installed power generation capacity of 46,775.91 MW, comprising 31,590.28 MW under private utilities, 8,454.86 MW (state utilities), and 6,730.77 MW (central utilities).  

As of July 2022, Gujarat had 25 SEZs with notified approvals.

According to the DPIIT, FDI inflows in Gujarat stood at US$ 4,714 million in FY23 and were US$ 31,901 million between October 2019-March 2023.

In 2020-21, the secondary sector contributed 42.9% to the state’s GSDP (at current prices), followed by tertiary (37.3%) and primary (19.8%) sectors.  Gujarat ranks fourth among states in terms of FDI received, with an 83% increase in FDI over the previous year.

Following are some of the major initiatives taken by the Government to promote Gujarat as an investment destination:

• In June 2023, Google to set up Global FinTech Operations Center in Gujarat's Gift City.
• In June 2023, Mr. Nitin Gadkari dedicates two National Highway projects worth US$ 5.85 million (Rs. 48 crore) in Vadodara, Gujarat.
• In June 2023, Union Home Minister and Minister of Cooperation, Mr. Amit Shah inaugurates 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 (Rs. 470 crore).
• In April 2023, Mr. Sarbananda Sonowal approves the establishment of an oil jetty at Kandla's Deendayal Port for US$ 15.05 million (Rs.123.40 crore).
• In April 2023, Gujarat Fluorochemicals to invest US$ 609.86 million (Rs. 5,000 crore) in EV batteries, solar and green hydrogen supply chain.
• In April 2023, the estimated Indian cotton crop is 344 lakh bales for 2022-23. The actual arrivals have been estimated 1.90 lakh bales in Gujarat.
• In March 2023, Anupam Rasayan to set up three new plants in Gujarat with US$ 81.72 million (Rs. 670 crore) investment.
• In February 2023, the Gujarat government signed 18 memorandum of understanding (MoU) worth US$ 1.20 billion (Rs. 9,852 crore) 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 launches 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 state budget includes a provision of US$ 2.51 billion (Rs. 20,642 crore) for different activities to upgrade the state's roads, roads, highways, etc.
• 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.
• As of December 2022, the state had 52.5 million internet subscribers.
• According to the Telecom Regulatory Authority of India (TRAI), Gujarat had 65.16 million wireless connections and 1.17 million wireline subscribers as of December 2022.
• 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 (Rs. 280 crore) 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 (Rs. 10,000 crore).
• 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 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.
• 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).
• Under the State Budget 2023-24, Rs. 1,146 crore (US$ 139.5 million) has been allocated towards National Health Mission, 17,710 crore (US$ 2.15 billion) for Urban Development, Rs. 20,823 crore (US$ 2.53 billion) for the energy and petrochemicals sector, and Rs. 3,728 crore (US$ 454 million) to develop roads and bridges.
• Under the State Budget 2022-23:
  • 3,822 crore (US$ 479.38 million) has been allocated to urban development authorities under Swarnim Jayanti Mukhymantri Shehari Vikas Yojana.
  • 1,079 crore (US$ 135.33 million) has been allocated towards Samagra Shiksha Abhiyan
• In August 2021, the state department of civil aviation announced its partnership with Aero Freyr Inc. (a Gujarat-based aircraft manufacturer) to establish an aircraft manufacturing unit with MRO (maintenance, repair and operations) and flight testing operations. The state department of civil aviation also invested Rs. 150 crore (US$ 20.22 million) to commence manufacturing of 2-seater and 4-serater aircraft and air ambulances.
• In June 2021, the Gujarat government introduced the electric vehicles (EV) policy with the aim to roll out 200,000 EVs over the next four years.
• As per Indian Ports Association data published in June 2020, the number of ports in the state stands at 46. In 2020-21, Deendayal (Kandla) port handled 117.56 million tonnes of cargo traffic.
• Government of Gujarat has initiated several steps for the development of a world-class port city at Mundra. The port has a cargo handling capacity of over 200 million tonnes per annum.
• In August 2021, MG Motor announced to invest Rs. 2,500 crore (US$ 337.07 million) to increase the automotive production capacity in Gujarat.
• In July 2021, ESR India announced its expansion plan in Gujarat; intends to invest ~Rs. 300 crore (US$ 40.45 million) to develop an industrial and logistics park in the state.
• To meet the rising demand for containers, in May 2021, the government announced to establish pilot projects for containers. It aims to receive an estimated potential investment of Rs. 1,000 crore (US$ 137.91 million) from private players.
• In May 2021, Borosil Renewables announced a plan to expand its manufacturing unit in Gujarat at an investment of Rs. 500 crore (US$ 68.96 million), with an aim to double its capacity to 900 tonnes per day or 5GW of installed capacity at its solar power plants.
• In April 2021, Coal India Limited (CIL) signed a PPA (Power Purchase Agreement) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for the sale of 100 MW solar power to the company for 25 years.
• In April 2021, Singapore Stock Exchange (SGX) announced to establish its offshore office at GIFT City.

MMTPA - Million Metric Tonnes Per Annum