vg-logo

Sectors

air-icon

Aerospace and Defence

  • 2nd largest armed forces in the world

  • 3rd largest in military expenditure $71.1 billion (2019) (2.4% of GDP and 3.7% of the global military expenditure)

  • Defence budget $66.9 billion (INR 4,71,378 crore) for 2020-21 (15.5% of total budget and growth of 9.4% over 2019-20)

  • FDI worth $8.82 million (INR 61.74 crore) in Defence Sector (Apr 2000 –Dec 2019)

  • The Indian A&D market is estimated to reach around $26 billion by 2025

15%

Share in Global arms import market

$1.5 billion

Worth of exports 2018-19

$5 billion

Export target by 2025

$7.3 billion

Worth of ongoing DRDO projects

Automobiles & Auto Components

  • Well established auto-clusters: Ahmedabad (Sanand), Vadodara - Halol, Mandal - Becharaji, Hansalpur - Vithalpur.

  • Presence across value chain - Clusters of castings & machine tools, brass parts, oil engines & electric motors, bearings and auto-ancillaries.

  • India’s first lithium-ion battery manufacturing plant in Gujarat.

  • Presence of major Tyre and Auto Component companies.

  • Specialized Center of Excellence:
    - iCreate EV Centre of Excellence for innovations focused on Electric Vehicles.
    - International Automobile Centre of Excellence
    (I-ACE) for skill development through modern technology for the automotive sector.

9% contribution to India’s output of transport equipment.

Emerging as an Electric Vehicle hub.

Investment Opportunities

Automobile and Electric Vehicle Manufacturing

Battery Manufacturing

Auto Components

MSMEs

  • Total MSME establishments are 63.3 million

  • 11 crore of employment generated

  • In 2017-18, MSME sector accounted for export value of
    ~ $148 billion

  • Over 6000 products ranging from traditional to high-tech items are being manufactured by the MSME Sector in addition to provide wide range of services.

29%

of India’s GDP

48%

of India’s Export

45%

of India’s manufacturing output

21%

of Employment, 2nd highest after agriculture

Textiles, Garments & Apparel

  • Largest denim producer in India.

  • Well established Textile and Apparel Parks across Ahmedabad and Surat with presence across the Textile Value Chain.

  • Upcoming large-scale PM Mega Integrated Textile Region and Apparel (PM MITRA) Park in Navsari.

  • Presence of dedicated Textile Research Institutes and Centres of Excellence:
    - Ahmedabad Textile Industry’s Research Association (ATIRA) in Ahmedabad.
    - Man Made Textiles Research Association (MANTRA) in Surat.


2nd largest exporter of textiles and textile related articles.

50% share in India’s manmade fiber production.

37% share in India’s cotton produce.

25% share in India’s technical textile output.

Investment Opportunities

Technical Textiles

Apparels & Garments

Agro & Food Processing

  • Major producer of groundnut, castor, fennel, cumin.

  • Presence of 52 dairy plants. Amul in Anand being the Asia’s biggest dairy.

  • More than 30,000 operational food processing units.

  • Robust storage and transport sector : 340+ cold storages and 200+ warehouses across 45 locations.

  • 20 Agro-export zones.

  • 4 Irradiation plants.

  • 1 Air cargo complex for food exports.

  • 2 Mega Food Parks – Surat & Mehsana.

20% share in India’s marine fish production.

Upcoming - Agro Parks at Rajkot & Banaskantha, Seafood Park at Valsad, Integrated Food & Agriculture Park under I2U2 initiative.

More than 20 specialized Agricultural Universities.

Investment Opportunities

Agro Processing

Agro- Infrastructure Projects -

Food Parks, Cold Storages, Export Oriented Units

Marine Products

Renewable Energy

  • India’s total installed power generation capacity: 369 GW

  • India accounts for approximately 4 per cent of the total global electricity generation and contributes 4.43 % to the global renewable generation capacity.

  • Electricity: 99.9% households electrification achieved

  • During the 2018 a record of 120 billion+ units of renewable electricity was generated.

  • 34GW the , installed capacity of Solar power has increased by approx. . 13 times from 2.6GW in 2014

  • Wind power capacity has increased by more than 1.5 times from 24GW in 2015 to 38 GW

  • The installed capacity of Bioenergy has reached to 10 GW .The capacity doubled from 2015.

  • The Small Hydro projects (up to 25MW) has installed capacity of 5 GW . So far 1115 projects completed as of now.

Semiconductor & ESDM

  • The total production of the electronics sector in India was estimated about $70,533 million in 2018-19, compared to $59,799 million in 2017-18, exhibiting a growth of about 18%.

  • Export of electronic goods was about $7,901 million during 2018-19 (till February), as compared to $6,393 million during 2017-18.

  • Import of electronic goods was about $52,707 million during 2018-19 (till February), as compared to $52,891 million during 2017-18.

2nd

Largest mobile phone manufacturer in the world

~$400 Billion

Electronics market in India estimated to reach by 2025

100% FDI

Allowed under automatic route

268

Mobile/accessories factories established in India since 2014

IT & ITES

  • Indian IT-ITeS industry revenue is estimated at $164.0 billion in FY2018-19 as compared to $151.0 billion in FY2017-18, growth of ~ 8.0%

  • IT-ITeS exports are estimated at $136.0 billion in FY2018-19, as compared to $126 billion in 2017-18, growth of 7.3%

  • Domestic IT-ITeS revenue (excluding hardware) is estimated to reach $28 billion in FY2018-19 as compared to $25 billion in 2017-18, growth of ~10.7%

$350 billion

Market size projection by 2025

7.7%

Contribution to India’s GDP

1000+

Global delivery centers in 80 countries

~4.1 million

Skilled workforce

Tourism

  • 2nd largest armed forces in the world

  • 3rd largest in military expenditure $71.1 billion (2019) (2.4% of GDP and 3.7% of the global military expenditure)

  • Defence budget $66.9 billion (INR 4,71,378 crore) for 2020-21 (15.5% of total budget and growth of 9.4% over 2019-20)

  • FDI worth $8.82 million (INR 61.74 crore) in Defence Sector (Apr 2000 –Dec 2019)

  • The Indian A&D market is estimated to reach around $26 billion by 2025

15%

Share in Global arms import market

$1.5 billion

Worth of exports 2018-19

$5 billion

Export target by 2025

$7.3 billion

Worth of ongoing DRDO projects

Ceramics

  • Accounts for:

  • 90% share in total production of ceramic products in India.

  • More than 80% share (USD 2 Billion) in India’s ceramics exports in 2022-23.

Home to world’s 2nd largest tile manufacturing zone (Morbi).

Upcoming Ceramic Park in Morbi.

Investment Opportunities

Ceramics and Sanitaryware Product Manufacturing

Ceramic Machinery Manufacturing

Chemicals & Petrochemicals

  • World’s Largest Grassroot Oil Refinery at Jamnagar.

  • 75% share in India’s Dyes & Intermediates manufacturing.

  • 40% of India’s total refining capacity by 4 refining complexes in Gujarat (> 100 Million Metric Tons Per Annum (MMTPA)).

  • 1 MMTPA cracking capacity.

  • 3 LNG regasification terminals with upcoming Floating Storage and Regasification Unit.

  • 100 Million Liters per Day (MLD) desalination plant in Dahej.

  • Presence of clusters and downstream companies of derivatives, plastics and polymers manufacturing, dyes and pigments.

Highest share in India’s Chemical & Petrochemical exports.

India’s 1st operational Petroleum, Chemicals & Petrochemicals Investment Region (PCPIR) in Gujarat.

India’s 1st Chemical Port in Dahej.

Presence of Deep-Sea Pipeline.

Investment Opportunities

Specialty Chemicals

Gems & Jewellery

  • World’s largest diamond processing industry.

  • 72% share in world’s share of processed diamonds.

  • 8 out of 10 diamonds are polished in Gujarat.

  • 80% share in India’s Diamond exports.

  • Surat accounts for 65% share in India's Diamond trade.

Diamond Research & Mercantile (DREAM) City - World’s largest single complex diamond bourse built over 2000 acres.

Investment Opportunities

Lab Grown Diamonds

Diamond and other mercantile activities

Jewellery Designing

Pharmaceuticals

  • Accounts for:

  • 30% of India's pharma market.

  • 28% of India’s pharma exports.

  • 40% of India’s pharma machinery manufacturing.

  • 53% of India’s medical devices manufacturing.

  • 78% of India’s Cardiac Stents manufacturing.

  • 40% of India’s Contract Research Organizations.

Gujarat has the highest number of registered pharma companies (around 649) in India, of which 130 are United States Food and Drug Administration (USFDA) approved.

753 WHO Good Manufacturing Practices (GMP) approved units.

Upcoming sector dedicated parks:
- Bulk Drug Park in Bharuch.
- Medical Devices Park in Rajkot.
- Biosimilar Park in Vadodara.

Investment Opportunities

Active Pharmaceutical Ingredients (APIs), Formulations, Generics

Medical Devices

Biotechnology

Ports & Maritime

  • Gujarat Owns India’s longest coastline (1,600 kms), providing strategic advantage for trade and commerce.

  • 40% of India’s port cargo handled by 1 major port and 48 non-major ports connected to all major port-based trade routes.

Presence of world’s largest ship recycling facility at Alang, Bhavnagar.

Dedicated Maritime Center of Excellence - Gujarat Maritime University (GMU), Gandhinagar.

International Finance Services Centre Authority (IFSCA) has issued a frame work for ship leasing facility at GIFT City.

Investment Opportunities

Port / Jetty Development

Port Mechanization and Modernization

Smart Industrial Port Cities