Gujarat targets ₹10 lakh crore fresh investments under new policy. Incentive disbursements jumped 55% to ₹7,888 crore. Central Gujarat accounts for 92% of auto output, 63% of pharma.
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Chief Minister Bhupendra Patel opened the fourth Vibrant Gujarat Regional Conference in Vadodara on Monday, pushing industry leaders to turn discussions into projects. The event, attended by Union Minister Manohar Lal Khattar and Deputy Chief Minister Harsh Sanghavi, centred on Central Gujarat's manufacturing footprint and the state's new Industrial Policy 2026.
Three earlier VGRC editions drew commitments worth ₹13.30 lakh crore through 9,499 MoUs, Patel said. The new policy targets another ₹10 lakh crore over five years, using a 'Choose Your Incentives' mechanism that lets investors select benefits suited to their requirements.
Sanghavi offered specific numbers. Central Gujarat contributes 28% of the state's manufacturing output and exported goods worth over $20.5 billion in 2025-26. The region accounts for 92% of Gujarat's automobile and auto-component manufacturing, 70% of beverage processing, and 63% of pharmaceutical and electrical equipment production. Those concentration figures mean policy execution directly affects supply chains in those sectors.
The state increased industrial incentive disbursements by 55% over two years to ₹7,888 crore, Sanghavi said. Documentation requirements dropped 41%, pending files fell 95%, and the state clears roughly 392 applications daily. For investors tracking state-level policy delivery, the acceleration in payouts signals real uptake rather than aspirational targets.
Khattar highlighted Gujarat's energy surplus. The state has more than 50 GW of renewable energy capacity, he noted. India's peak power demand hit 271 GW this year and is expected to rise to 300 GW from data centres and artificial intelligence. Energy-intensive industries like speciality chemicals and EVs benefit from reliable supply and pricing leverage.
Patel described Vadodara as a hub for petrochemicals, speciality chemicals, electric vehicle equipment and aerospace manufacturing. Anand continues to anchor the dairy cooperative sector. Planned new hubs include Chhota Udepur as a sports equipment manufacturing centre and Vadodara as a bioeconomy hub, Sanghavi said.
The policy also offers enhanced incentives for women entrepreneurs: an additional 1% interest subsidy, refresher skill programmes for women re-entering the workforce, and rental assistance for up to five years. It provides EPF reimbursement for companies hiring persons with disabilities and seeks to attract mega projects worth ₹10,000 crore each, generating around 3,000 jobs per project.
The five-year horizon and ₹10 lakh crore target match roughly 75% of the total MoUs signed across all previous VGRC editions, giving a benchmark for conversion rates.
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