With a staggering coastline of 1,600 km, Gujarat is one of the leading industrialised states in India. One of the fastest growing economies in the world, Gujarat ranked #3 in National Council of Applied Economic Research’s State Investment Potential Index (N-SIPI) in 2018.
The state offers best-in-class infrastructure in the form of 42 ports, 18 domestic airports, and one international airport, directly connecting it to major cities and trading centers of the world. There are 106 product clusters and 60 notified special economic zones (SEZs). Large scale investment is expected in Gujarat as part of the USD $90 billion Delhi-Mumbai Industrial Corridor (DMIC). Gujarat is not only among the pioneers of India’s growth story but also a leader in various sectors including petrochemicals, textiles, pharmaceuticals, automobiles, and gems and jewellery, among others. The state contributes 62% and 18% to India's petrochemical production and exports, respectively.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), Foreign Direct Investments (FDI) inflows in the state of Gujarat reached US$ 23.18 billion from April 2000 to June 2019.
Gujarat has more than 30,000 food processing units, 560 cold storages and fish processing units. With a total of 51 dairy plants, the total milk production of the state crossed 12 MMT in 2015-16, making it the second highest milk producer in India.
The state accounts for 9% of India’s output to transport equipment and has established auto clusters in Sanand, Halol and Rajkot. 350 ancillary units are expected to be functional in the Sanand-Mandal-Becharaji belt.
Gujarat is #1 in India’s chemical manufacturing output. It contributes to 62% of the country’s petrochemical production, 35% of miscellaneous chemical production and 18% of chemical exports.
Gujarat is a leader in pharmaceutical manufacturing in India and accounts for 33% of country's sector turnover and 28% exports. With an astounding turnover of $615 million in 2014, Gujarat is one of India’s top 5 biotech destinations.
With a massive contribution of about 27% in the country’s total textile output, Gujarat is the largest producer and exporter of cotton in India. The state houses more than 90% of weaving machinery manufacturers of the country.
Gujarat accounts for 72% of the world market share in processed diamonds. The state has come up with a “Cluster Development” initiative to boost cost competitiveness and efficiency.
The size of Gujarat's IT industry is estimated at USD $1.1 billion in 2015-16 and the state expects it to increase ten folds by 2021 with the support of the new state IT Policy.
The state is home to several UNESCO identified heritage sites, world's largest temple complex and Asiatic lions. The state recorded 42.6 million tourists, both domestic and foreign, in the year 2015-16.
Andhra Pradesh, the 10th most populated state in India, is home to about 4.1% of the country's total population. The state's population of 49.4 mn is equivalent to the population of Spain.
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