The Gujarat government is promoting the manufacturing sector in a big way with the aim of improving the income and employability of the people of the state, said Industries and Energy Minister Saurabh Patel.
The government further plans to increase the manufacturing sector’s contribution to Gross State Domestic Product (GSDP) to 32 per cent from the present 27 per cent in the next five years, the minister added.
Delivering the keynote address at the Business Standard Gujarat Round Table Conference 2013 – ‘Gujarat: A story of Balanced Growth or Inclusive Growth’, the minister said, “Today the important factor in Gujarat’s growth or, rather, inclusive growth, has been political stability – firmness in decision making, clarity on policies and then the implementation.”
With Gujarat managing to achieve seven per cent growth in agriculture, 11 per cent in manufacturing and 11 per cent in services over last year, Patel said that banking on this uniform distribution of growth across sectors, the state has clocked an average annual growth rate of over 10 per cent between 2005-06 and 2011-12. Read more