Saurashtra provides a very conducive environment for the businesses to flourish. Industries such as chemicals, food products & beverages and other non-metallic mineral products form the key businesses contributing to majority of the industrial output of the region. The ship breaking industry, with its large presence at Bhavnagar, and the fabricated metal product and equipment, including brass parts, forms the two prominent clusters of Alang and Jamnagar. These clusters have huge economic potential, high employment and direct benefits to the coastal regions.
Projects worth Rs 36,418 crores have been completed in Gujarat since 2000. The Saurashtra region accounts for approximately 10% of these investments. Saurashtra has low dispersion of investments with Jamnagar & Bhavnagar securing a majority of the regional investments.Encouraged by the state government’s new textile policy, the cotton industry in Saurashtra region is exploring new lines of business in the spinning mills sector.Industry sources estimate that around 50-75 new spinning units are likely to come up in the region over the next two years with an investment of around Rs 2000-2500 crore.
Value additions to businesses:
- Huge returns with relatively lesser investments
- Location advantages due to unique topography of Saurashtra
- Centre of manufacturing engineering – diesel engine, light engineering, automobiles and ceramics
- Presence of communities which have traditional knowledge/domination of thebusiness
- Low cost, economic and skilled labour
- Relaxed government rules and regulations
- Availability of large number of skilled labour
- Easy availability of institutional and Bank finance
