Last updated on Aug, 31 2021
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. 18,79,826 crore (US$ 259.25 billion) in FY22, an increase of 7% YoY.
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. Total exports from the state stood at US$ 63,440 million in 2019-20 and US$ 60,587 million in 2020-21.
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. Export of drug formulations from Gujarat reached US$ 3,053.53 million in 2019-20 and US$ 2,789.92 million in FY21.
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. Export of petroleum products from Gujarat reached US$ 7,180.92 million in FY21.
As of September 2020, Gujarat had 21 operational SEZs. In addition, as of December 2020, Gujarat had four SEZs with valid in-principle approvals, 26 SEZs with formal approvals and 22 SEZs with notified approvals.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), in FY21, Sugg: Gujarat received the highest FDI (Foreign Direct Investment) at US$ 21.89 billion and stood at the top of all states, with 30% of the total equity inflows.
Following are some of the major initiatives taken by the Government to promote Gujarat as an investment destination:
MMTPA - Million Metric Tonnes Per Annum
To access Archived reports, please click here