Gujarat was ranked as the “Best Performer” in all India State Startup Ranking by DPIIT in 2022. It accounts for about 90% of all diamond cutting and polishing globally.
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:
MMTPA - Million Metric Tonnes Per Annum
Mr. Amit Shah, Union Minister of Home Affairs and Cooporation launched the "Dairy Sahakar" scheme at Anand, Gujarat, during the function organised by Amul for celebration of 75th Foundation Year of Amul.