Economy of Gujarat: Difference between revisions

After Tata Motors relocated the Nano manufacturing plant to Sanand, a small town near Ahmedabad, Gujarat has emerged as a car manufacturing hub.<ref>{{cite web|author=PTI|url=https://economictimes.indiatimes.com/nano-project-led-to-gujarat-as-car-manufacturing-hub-ratan-tata/articleshow/56447300.cms |title=Nano project led to Gujarat as car manufacturing hub: Ratan Tata – Economic Times |publisher=Economictimes.indiatimes.com |date=2017-07-13 |access-date=2018-08-20}}</ref> Major multinational automobile companies like Suzuki Motor, Ford India, Honda and Hero MotoCorp have plants in operation in Gujarat.<ref>{{cite web|author=Ketan Thakkar|url=https://economictimes.indiatimes.com/gujarat-set-to-become-the-detroit-of-india/articleshow/62844590.cms |title=Gujarat set to become the Detroit of India – Economic Times |publisher=Economictimes.indiatimes.com |date=2018-02-09 |access-date=2018-08-20}}</ref> Gujarat also leads in upcoming hybrid and electric vehicle manufacturing facilities. Suzuki, in partnership with Denso and Toshiba, is building a lithium ion battery manufacturing facility at a cost of 1700 crore. Suzuki is planning to launch electric cars as well as electric bikes by 2020.<ref>{{cite web|author=Ketan Thakkar|url=https://economictimes.indiatimes.com/industry/auto/not-just-cars-suzuki-to-bring-in-electric-bikes/articleshow/64863015.cms |title=Not just cars, Suzuki to bring in electric bikes – Economic Times |publisher=Economictimes.indiatimes.com |date=2018-07-05 |access-date=2018-08-20}}</ref> The India-based JSW Group has signed an agreement to invest Rs 4000 crore to promote manufacturing electric vehicles in the state, which includes vehicle manufacturing, production of batteries, and storage solutions. MG Motors, a subsidiary of China's largest automobile company SAIC Motors, has bought General Motors' manufacturing facility in Halol, Gujarat, and is planning to start production by 2019. Tata Motors is also planning to produce electric cars from its Sanand plant.<ref>{{cite web|author=Maulik Pathak, Amrit Raj |url=https://www.livemint.com/Industry/G6qpx6hENujIsXmszaK9GP/Gujarat-set-to-become-Indias-first-electric-vehicle-hub.html |title=Gujarat set to become India's first electric vehicle hub – Livemint |publisher=livemint.com |date=2017-09-28 |access-date=2018-08-20}}</ref>

Gujarat is ranked number one in the [[pharmaceutical industry in India]], with a 33% share in drug manufacturing and 28% share in drug exports. The state has 130 USFDA certified drug manufacturing facilities. Ahmedabad and Vadodara are considered as pharmaceutical hubs as there are many big and small pharma companies established in these cities.<ref name="timesofindia.indiatimes.com"/>