Gujarat The success of key sectors like textiles, pharmaceuticals, diamonds and fisheries in the last two decades has given new heights to its industrial progress. According to Gujarat government officials, inspired by the textile policy launched in 2012, Gujarat has become a global hub in the textile and apparel sectors by contributing more than 60 percent of India’s denim textile production. Since the introduction of the textile policy, the size of its textile exports has increased 2.3 times. Ahead of the ‘Vibrant Gujarat Global Summit’ (VGGS) next week, officials said the growth in textile manufacturing has positioned Gujarat as a driving force in the country’s economic growth.
17 percent contribution in fish export
Prime Minister Narendra Modi had said at an event last year, “To benefit from our future, we have to invest in local supply chains. This is the way to make a developed India. This is the way to fulfill the dream of developed India, the dream of a five trillion dollar economy.” With a coastline of 1,600 km, Gujarat is also a major hub for fisheries and contributes 17 per cent to India’s total fish exports, officials said. The state’s fish production had reached 8.74 lakh tonnes in the financial year 2020-21. According to officials, Gujarat’s pharmaceutical industry is a major sector of the state’s economy. According to official data, Gujarat contributes 53 percent to India’s manufacturing of medical devices and 78 percent to the manufacturing of stents used in heart disease. The sector employs approximately 50,000 people in more than 4,000 manufacturing units.
Gujarat’s share in pharmaceutical exports is 28 percent
Gujarat Chief Minister Bhupendra Patel said in an event, “Gujarat contributes 30 percent to the pharmaceutical sector of the country. Gujarat’s share in pharmaceutical exports is 28 percent. “With a strong industrial infrastructure, Gujarat’s chemical and petrochemical sector has witnessed significant growth.” Officials said the Surat Diamond Exchange, the world’s largest diamond trading hub, symbolizes Gujarat’s dominance in the global gems and jewelery market. Prime Minister Narendra Modi had recently inaugurated it.
New semiconductor policy launched
The globally recognized Amul brand is operated by Gujarat Cooperative Milk Marketing Federation (GCMMF). The state’s thriving dairy sector is now worth more than Rs 1 lakh crore. The new semiconductor policy of Gujarat government is already attracting global companies. Industry leaders said that with this policy the state is expected to soon become a global leader in semiconductor production.
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