Gujarat is considered one of the most hassle-free and befitting places for investment. According to the data compiled by Projects Today, a total of 3,230 projects with investment worth Rs 4,04,274 crore have been added in the fresh projects pie chart from FY15 to Q3/FY19. The sectors that have received and bought huge investments are Manufacturing and Services & Utilities (Infrastructure).
The Manufacturing sector from FY15 to Q3/FY19 attracted 1,089 fresh projects with an investment worth Rs 1,89,227 crore. Out of the total fresh projects, 513 projects with an investment of Rs 56,401 crore were seen only under the Basic Chemicals segment. One of the mega projects seen under the industry was by Reliance Industries. The project involves expanding and debottlenecking of a petrochemical plant at Dahej in Bharuch district. The project will include expansion of Ethylene from 5,00,000 tpa to 7,00,000 tpa, Ethylene Dichloride from 4,98,960 tpa to 5,88,000 tpa, Polyvinyl Chloride from 3,15,000 tpa to 3,60,000 tpa, Chlorine from 1,41,200 tpa to 1,87,000 tpa, among others. The project is currently under execution and expected to be completed by 31 March 2020.
Chromeni Steels is setting up a steel unit in Kachchh district. The mega project will be developed in two phases. In Phase-I the steel unit will be set up with a capacity of seven lakh tpa which will come over 500 acre of land parcel. Phase-II will see setting up a cold and hot steel rolling plant which will come up over 500 acre of land parcel. The plant is expected to generate employment for 3, 000 to 4, 000 individuals. Currently work on Phase-I is underway with completion scheduled for June 2019.
The Services & Utilities sector saw an addition of 1,942 fresh projects at an investment of Rs 1,47,662 crore from FY15 to Q3/FY19. The maximum chunk of projects was seen under Transport services which attracted 735 projects at an investment of Rs 1,13,513 crore. Of which 528 projects worth Rs 53,134 crore were under Roadways.
The National Highways Authority of India (NHAI) has planned to develop eight-lane road from 181.00 km to 392.49 km (length 211.49 km) from Kherkhunta village in Ratlam district of Madhya Pradesh to Dodka village in Vadodara district of Gujarat under Bharatmala Pariyojana. The project is part of Delhi-Mumbai Expressway, and the alignment passes through five districts which include Panchmahal, Dahod, Vadodara, Ratlam and Jhabua. The project will cost around Rs 6,345 crore and create employment opportunity for 1,100 persons during construction period on temporary basis for a period of three years.
Another mega road project to be taken up is the development of six-lane Ahmedabad-Dholera Expressway. A 109.01 km expressway will be constructed to link these major places. The project to be undertaken by NHAI will cost Rs 7,451 crore. The corridor will provide seamless connectivity for transportation between the two cities.
A major railway project announced during the period was development of 40.35 km Surat Metro Rail at a cost of Rs 15,234 crore. The railway project will have two corridors with 38 stations. Corridor-I will connect 20 metro stations, while Corridor-2 will include 18 stations. The mega project has received approval from the Centre and is expected to be ready by March 2024.
Between FY15 and Q3/FY19, fresh projects announced by the government stood at 1,494 with an investment of Rs 1,38,879 crore.
- The state government announced 1,122 fresh projects with an investment of Rs 80,751 crore.
- The Central government announced 371 fresh projects at an investment of Rs 58,128 crore
The state saw fresh investment worth Rs 2,65,395 crore by private entities between FY15 and Q3/FY19 across 1,736 new projects.
In a move towards achieving clean energy, Mundra Solar PV in joint venture with SunEdison Energy India is setting up a three MW solar photovoltaic module units at Mundra in Kachchh district. The project is being implemented in phases, wherein Phase-I has been commissioned in 2016. Work on the remaining capacity is expected to be completed by December 2020.
Dholera Special Investment Region (DSIR)
The Dholera Special Investment Region (DSIR), one among the seven special investment nodes conceptualised as the first Smart City of India, will be developed under the Delhi-Mumbai Industrial Corridor Project Phase-I. The ambitious DSIR project has been planned over approximately 920 sq km with developable area of 422 sq km. This node is strategically located near the industrial cities of Vadodara, Ahmedabad, Rajkot, Surat and Bhavnagar. A special purpose vehicle (SPV), Dholera Industrial City Development has been created between the Central and state government to implement the project.
Growing population>Growth of the Nation>Job Opportunities>Rich Standard of Living>Fly High of sectors
In order to develop the trunk infrastructure for DSIR Phase-I, a string of projects is being undertaken simultaneously — the Delhi-Mumbai Industrial Corridor Development Corporation (DMIDC) has taken up development of Administration and Business Centre for Dholera (ABCD). A major upcoming solar park project will be the world’s largest solar park to be developed at DSIR having a capacity of 5,000 MW. The solar park will be developed over 11,000 ha of land along the Gulf of Khambhat.
Apart from this, a greenfield Dholera International Airport in Dhandhuka taluka will also be developed. The project will come up over 4,000 acre and be implemented in four phases. The airport is expected to be operational by 2022.
The DSIR has also been identified as a hot spot for setting up major industries in Pharmaceuticals and Biotechnology, Heavy Engineering, Auto Ancillary, Defence, Aviation, Electronics, among others. The upcoming units will boost the overall industrial output. More than eight lakh jobs will be created under this mega development flagship. The entire Dholera city is expected to be ready by 2030.
Mega Projects Completed
The world’s tallest statue, the “Statue of Unity” dedicated to the Iron Man of India, Sardar Vallabhbhai Patel, was inaugurated on 31 October 2018. The massive 182 mtr high bronze sculpture depicts India’s first Deputy Prime Minister, in a walking posture wearing a traditional dhoti, kurta and shawl, towering over the Narmada River. The statue was completed in record 34 months at a cost of Rs 3,060.88 crore. The memorial boasts features like exhibition hall, bridge linking the statue site with mainland, memorial garden, administrative complex- cum-convention centre, walkway, food court, four-lane approach highway, and 52-room, three-star lodging facility, Shrestha Bharat Bhavan.It provides visitors a panoramic view of the mountain range of Satpura and Vindhyachal, 212 km long Sardar Sarovar Reservoir, and 12 km long Garudeshwar Reservoir.
Sardar Sarovar Dam, a project for harnessing Narmada river for irrigation and power generation, was inaugurated on 17 September 2017. The project involved construction of 30 major, 135 medium and around 3,000 small dams to divert water from Narmada river towards drought prone areas in Gujarat, and Rajasthan. The length of the main dam is 1,210 mtr, length of the reservoir is 214 km, live storage capacity of 4.75 million acre ft and spillway capacity of 30.70 lakh cusecs. This is the second largest dam in the world, in terms of volume. It is the third highest concrete dam in India and third in the world for spillway discharging capacity.