Information About Gujarat – Industries, Economy,

Ports, Exporters & Geography

ibef.org/states/gujarat

GUJARAT STATE REPORT

Sep, 2022

INTRODUCTION

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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. Gujarat is considered the
petroleum capital of India due to presence of large refining capacity set up by private and
public sector companies. At current prices, Gujarat’s Gross State Domestic Product
(GSDP) is estimated at Rs. 2,203,062 crore (US$ 288.73 billion) in FY23, an increase of
13.3% YoY.

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).

Total exports from the state stood at US$ 65,248.53 million in FY 2022-23 (until August
2022). Petroleum product exports from Gujarat stood at US$ 36,842.98 million in FY22.
Export of drug formulations from Gujarat reached US$ 2,824.55 million in FY22

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RECENT DEVELOPMENT IN KEY SECTORS

Under the State Budget 2022-23:

Rs. 3,822 crore (US$ 479.38 million) has been allocated to urban
development authorities under Swarnim Jayanti Mukhymantri Shehari Vikas
Yojana.
Rs. 1,079 crore (US$ 135.33 million) has been allocated towards Samagra
Shiksha Abhiyan and Rs. 733 crore (US$ 91.94 million) has been allocated
towards the Mid-Day Meal Scheme.
Rs. 404 crore (US$ 50.67 million) has been allocated towards National Health
Mission.
Rs. 1,100 crore (US$ 137.99 million) has been allocated for Mukhya Mantri
Gram Sadak Yojana.
Rs. 9,702 crore (US$ 1,216.73 million) has been allocated for Urban
Development.
Rs. 9,002 crore (US$ 1,126.38 million) has been allocated to Agriculture and
allied activities.
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.
As of August 31, 2022, Gujarat had a total installed power generation capacity of
44,930.44 MW, comprising 29,204.20 MW under private utilities, 8,452.61 MW
(state utilities) and 7,273.63 MW (central utilities).
According to the DPIIT, FDI inflows in Gujarat stood at US$ 3,200 million in FY
2022-23 (until June 2022) and were US$ 30,386.82 million between October 2019-
June 2022.
In July 2022, the government approved the construction of Taranga Hill-Ambaji-Abu
Road new rail line to provide connectivity and improve mobility.
As of July 2022, Gujarat had 25 SEZs with notified approvals.
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).
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. In 2020-21, Deendayal (Kandla) port handled 117.56 million
tonnes of cargo traffic.

GUJARAT STATE REPORT

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Sep, 2022

FACTFILE

Capital

Gandhinagar

Geographical Area (sq km)

196,063

State Language

Gujarati, Hindi and English

Literacy Rate

78.03 per cent

Key Industries:

Dairy

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 Agro and food processing

IT

Chemicals and petrochemicals

Textiles and apparels

Engineering and auto

Gems and jewellery

Oil and gas

Pharmaceuticals and biotechnology

Minerals

Ports

Power

Toursim

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