Discover Gujarat

Gujarat

Gujarat, located on the western coast of India, is a powerhouse of industry and commerce with the longest coastline in the country stretching over 1,600 kilometers. With a population of over 71 million and a rapidly growing economy, Gujarat is the fifth-largest contributor to India’s Gross State Domestic Product (GSDP), which is projected to reach nearly ₹30 trillion in 2025-26. It is renowned as the petroleum capital of India, a global leader in processed diamonds, and a major hub for textile manufacturing, particularly denim. The state’s strategic location, robust infrastructure including 42 ports and multiple airports, and proactive government policies create a highly conducive environment for business and investment.

Business Environment

Gujarat boasts a low unemployment rate and a dynamic workforce with strong participation from women. It has emerged as one of India’s most industrialized states, supported by a diversified economy where the secondary sector contributes approximately 43% and services nearly 37% to the state’s GSDP. The presence of 60 notified Special Economic Zones (SEZs) and the first International Financial Services Centre (IFSC) at GIFT City in Gandhinagar further enhance its attractiveness as a business destination. Additionally, Gujarat plays a critical role in India’s export economy, accounting for over 30% of national exports.

Key Industries and Business Opportunities

• Petroleum refining and petrochemicals – Gujarat is the petroleum hub of India with extensive refining capacity.

• Processed diamonds – Gujarat processes 72% of the world’s diamonds and dominates India’s diamond exports.

• Textiles and apparel – Leading manufacturer of denim, contributing 65-70% of India’s production and ranking third globally.

• Automobile and manufacturing – Supported by multiple industrial clusters and the Delhi-Mumbai Industrial Corridor (DMIC).

• Financial services – Growing presence via Gujarat International Finance Tec-City (GIFT City), India’s first IFSC.

• Ports and logistics – Strategic coastal location with 42 ports supporting trade and export activities.

Tourism and Culture

Gujarat is rich in cultural heritage and historical significance, with Ahmedabad recognized as India’s first UNESCO World Heritage City and listed among the "World’s 50 Greatest Places of 2022" by Time Magazine. The state attracts business travelers and tourists alike with its unique blend of tradition, vibrant festivals, and modern infrastructure. This cultural vibrancy complements the business ecosystem by providing a dynamic environment for professionals and entrepreneurs.