INTRODUCTION
Gujarat is located on the western coast of India and has the longest coastline of 1,600 kms among all the states in the country. The state shares its borders with Rajasthan, Madhya Pradesh, Maharashtra, and the Union Territories of Daman and Diu and Dadra and Nagar Haveli. The Arabian Sea borders the state on the west and the southwest.
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.
As of April 2021, Gujarat had a total installed power generation capacity of 38,255.07 MW.
Gujarat is considered the petroleum capital of India due to presence of large refining capacity set up by private and public sector companies.
The state is the world’s largest producer of processed diamonds, accounting for 72% of the world’s processed diamond share and 80% of India’s diamond exports. With a contribution of 65 to 70% to India’s denim production, Gujarat is the largest manufacturer of denim in the country and the third largest in the world. There are 42 ports, 18 domestic airports and one international airport. There are 106 product clusters and 60 notified special economic zones (SEZs). Large scale investment is expected in Gujarat as part of the US$ 90 billion Delhi-Mumbai Industrial Corridor (DMIC).
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.
Total exports from the state stood at US$ 63,440 million in 2019-20 and US$ 60,587 million in 2020-21.
KEY SECTORS
- As of March 2019, 79 Agricultural Produce Market Committees (APMCs) were linked with the National Agriculture Market (eNAM).
- As per Indian Ports Association data published in June 2020, the number of ports in the state stands at 46. Between April to November 2020, Deendayal (Kandla) port handled 73.86 million tonnes of cargo traffic.
- Gujarat is known as India’s chemicals and petrochemicals hub. The state has eight chemical clusters, 14 industrial estates and three SEZs, which are primarily dedicated to the chemicals and petrochemicals industry. Oil and gas reserves are located at Ankleshwar, Mehsana, Tapti High, Hazira, Bharuch, Gandhar, Dahej, Jambusar, Palej and Kalol. Isolated gas fields are located around Ahmedabad. Export of petroleum products from Gujarat reached US$ 17,972.08 million in FY20
- 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.