Industry In Kutch
Industrialization in Gujarat did not have a major impact on Kutch till the year 2000. After the earthquake of 2001, the Government of India and the State Government of Gujarat started providing incentives with relaxations in excise duty and sale tax to promote rapid industrialization in Kutch. Incentives given by the governments have facilitated a boom in the number of attracted industries and investments in the region. After the special incentives are provided for Kutch in the year 2001 industrial progress attained a new momentum. After 2001 in Gujarat projects with a total investment of INR 612.61 billion were sanctioned and out of it projects of INR 179.55 billion (till August 2004) were in Kutch, which is a remarkable 29 % of the total investment in Gujarat. This figure has crossed INR 200 billion in January 2005 and further crossed INR 300 billion in June 2015.
Projects already commissioned have provided employment to 12988 persons and project under implementation will provide employment to around 72,494 persons. During August 1991 to 2000, estimated employment in the industrial projects in Kutch was a total of 5,710 persons. On the other hand, the same after 2001 in a span of four years was 5,527 persons which were considerably high. Kutch is one of the significant receivers of FDI in the state. FDI approvals received in Kutch are in Vegetable Oils and Vanaspati, Electronics and Mineral based industries.
Government of India and Government of Gujarat also have taken initiatives to facilitate a conducive industrial and business environment to support rapid growth in the region. The central government has converted the Kandla Free Trade Zone (FTZ) into a Special Economic Zone (SEZ) and the state government has cleared the Adani Group’s proposal of establishing a large SEZ in Mundra. Successive infrastructure development in road and railways sector is also going to play an extremely important role supporting the region as the future industrial powerhouse in Gujarat.