Gujarat tops manufacturing investment rankings, Maruti hits 1 mn capacity

Maruti Suzuki began commercial production at its fourth plant in Hansalpur, Gujarat, in July, adding 250,000 units per year and taking the facility's total capacity to one million units, the first Suzuki plant globally to reach that mark. The company has invested Rs 25,289 crore in the location over the years. The state has topped a Business Today-Deloitte study on manufacturing, ranking first in gross state value added (GSVA) growth over five and ten years, as well as in capital invested and exports.

Other major investments include Honda's Rs 920 crore fourth production line at Vithalapur (capacity 650,000 units per year, starting 2027), Tata Electronics' semiconductor fab in Dholera (up to Rs 91,000 crore), and CG Power's OSAT facility in Sanand (over Rs 7,600 crore). Reliance Industries Chairman Mukesh Ambani announced plans to invest Rs 7 lakh crore in Gujarat over five years, double its investment since 2021. Procter & Gamble set up a personal care facility with Rs 2,000 crore investment.

Gujarat has 49 ports and handles 39% of the country's cargo. In July, the state announced a shipbuilding and ship repair policy, and the Union government approved a mega shipbuilding cluster at Kuchhadi in Porbandar district, expected to attract private investment of about Rs 23,700 crore, with common infrastructure of around Rs 3,300 crore.