Gujarat - a state on the western coast of India with a coastline of 1600 km is the fifth largest Indian state by area. While the economy of Gujarat is the third-largest in India, the state is considered to be a manufacturing hub and one of the most industrially developed states of India.
The manufacturing industry of Gujarat can be segmented into numerous industries such as electronic system design and manufacturing, textile and textile machinery, engineering industry, auto, and auto ancillaries, chemical machinery parts, gems and jewelry, vegetable oils, chemicals, soda ash, and cement and pharmaceutical industry. Gujarat is not only a leader in the production of soda ash, salt, petrochemical downstream products, and but also one of the largest exporter of diamonds.
Other new industries possessed by the state include the manufacturing of fertilizers and petrochemicals. Gujarat’s agricultural lands are fertile and are used largely in the production of cotton, peanuts, dates, and sugarcane.
The output of the Manufacturing sector of Gujarat stands at 13 percent, which is of the total output to the total national output.
Gujarat is not only the largest manufacturer and exporter of cotton and denim in India but also the third-largest producer of denim in the world.
Around 50 percent of India’s art silk fabric is produced in Surat alone. By leveraging the advantage of capital intensity in the textile industry, the state has triggered capital and human productivity.
While Gujarat has the highest number of medium and large textile processing houses it is home to more than 50 percent of India’s processing machinery manufacturers and 90 percent of weaving machinery manufacturers.
Number one in the pharmaceutical industry in India
Ranked as number one in the pharmaceutical industry in the country, the state contributes over 33 percent share in drug manufacturing and 28 percent share in drug exports. While the state comprises 117 USFDA certified drug manufacturing facilities, Ahmedabad and Vadodara are considered as pharmaceutical hubs owing to the establishment of large and small pharma companies established in these cities.
Recently, the Gujarat state government during the Question Hour told the state legislature that a total of 1511 industrial units in various industrial estates operated by the state-run Gujarat Industrial Development Corporation (GIDC) have been shut down.
The industrial units in different estates in 21 districts were shut owing to “lack of demand and financial issues,” among other reasons, the government said in written replies to the questions from different MLAs during the first session of the assembly.
With an aim to ensure that the closed units restart operations as part of the Gujarat Atmanirbhar package, the state government has been charging 10 percent transfer fee instead of the earlier 15 percent. Not just that, the Gujarat government has also decreased the penalty that it imposes on closed units.
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