Gujarat located in India is known commonly for the chemical iIndustries located there. Gujarat has a huge variety of business ideas but mainly chemical Companies are very famous there. The state’s location and infrastructure have fostered a conducive environment for the growth of the chemical industry.
HISTORY BEHIND CHEMICAL INDUSTRIES IN GUJARAT
The development of large enterprises in Gujarat Like Gujarat alkalies and Chemical Limited and Gujarat state fertilisers and Chemical Limited has created a diverse need of expansion Through the provision of important Chemicals these firms have also launched groundwork for many small private sectors to join.
Before moving further let’s see what are the key sectors of chemical industries which are there in Gujarat –
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KEY SECTORS –
Below are the key sectors of chemical industries popular in Gujarat :
- Dyes and Pigments: Gujarat is certainly one of the major producers of dyes, dye intermediates, and pigments. The textile industry in the state supports this sector.
- Petrochemicals: Gujarat is a large petrochemical-producing centre that has huge refineries and complexes of petrochemicals, especially in Jamnagar, Vadodara, and Hazira.
- Agrochemicals: Gujarat is known to have a strong agrochemical industry with the manufacture of fertilisers, pesticides, and other agricultural chemicals. Bharuch and Ankleshwar happen to be major centres engaged in the production of agrochemicals.
- Polymers and Plastics: The state produces a wide range of polymers and plastic products. The presence of major petrochemical complexes supports this sector.
- Basic Chemicals: This includes the production of acids, alkalies, and salts. Gujarat produces a vast share of India’s basic chemicals.
- Biotechnology: With a focus on bio-pharmaceuticals, bio-services, bio-agriculture, and bio-industrial sectors, Gujarat is growing more in the biotechnology field.
- Fine Chemicals: The state also has a presence in the fine chemicals sector, that includes high-valued chemicals used in various applications like pharmaceuticals and electronics.
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WHY TO CHOOSE GUJARAT FOR YOUR NEW CHEMICAL BUSINESS
Choosing Gujarat as a centre for your new chemical business can come up with many advantages as it is a good industrial sector.
- Gujarat has well-developed industrial estates and special economic zones (SEZs) made for the chemical industries.
- Gujarat Industrial Development Corporation (GIDC) estates can provide you essential infrastructure and facilities for the chemical business.
- As it lies in close vicinity to some of the biggest oil refineries and petrochemical complexes in the world, raw material is easily available to the state.This reduces transportation costs and ensures a steady supply of raw materials.
- Due to its location on the western coast of India, Gujarat is able to access domestic and international markets.
- This state has a few major ports, of which Kandla, Mundra, and Dahej are a few that facilitate effortless imports and exports of raw materials and finished products of chemical base.
- Gujarat has a firm supply chain network built up for the chemical industry, with suppliers, manufacturers, and logistics providers.
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- The state boasts a skilled and educated workforce, with numerous technical and engineering colleges producing qualified professionals in the chemical industry.
- Gujarat’s industrial base provides access to a large domestic market and opportunities for export. The state’s industrial diversity also creates links between various sectors.
- Maharashtra is known to be the best chemical industries location, and if you are starting a chemical business in one of the states like Gujarat then it can be a great opportunity to grab.
- Gujarat has a reliable power supply and developed utilities infrastructure—some of the important requirements of the energy-intensive chemical industry.
- Gujarat is already home to many large and medium-sized chemical industries. Creating one for yourself can provide you more knowledge and support but competition will be more in this condition.
- Gujarat has always remained at a high rank in the Ease of Doing Business Index across India, which showcases that it is business-friendly and that processes are easy to execute with its supportive governance.
HOW CAN YOU START A CHEMICAL BUSINESS IN GUJARAT
Identify the niche of your chemical business. Find whether it is good for your growth or not. Create a business plan which includes an overview of your business. Conduct a full fledged market analysis in the sector. Explore all the options of funding. You should know the buyers from which you need to purchase raw materials for making finished products. But for all that you may need a good perfect location for your company setup. So, let’s see the best locations where you can setup your chemical industry in Gujarat:-
LOCATIONS
- Dahej
- It is a part of the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR).
- It has many large chemical and petrochemical industries.
- It has decent port facilities.
- It is well connected by roads.
- Vadodara
- It has a good well – developed industrial infrastructure
- You can find skilled labour here for your industry.
- It also has many petrochemicals, chemicals industries.
- You can find technicians for your company here.
- It has a good transportation service for import and export of raw materials.
- Vapi
- It is home to many small and medium-sized chemical units.
- It is one of the largest industrial areas in Asia.
- Good transport links can be found here.
- A good environment for industrial areas is there.
- The location of Vapi ensures profit if you invest there.
- Surat
- It is a rapidly growing chemical industry hub.
- It has presence in multiple chemical and petrochemical industries.
- Surat is a growing sector so if you invest in it you can see more profit in your future.
- It has good road connectivity to import and export goods.
- Skilled labour can be found here.
- You can see Surat growing more in upcoming years.
- Ahmedabad
- It is a major commercial and industrial centre
- It has excellent infrastructure and connectivity.
- Many chemical industries are situated here.
- In Ahmedabad you can find decent transportation facilities.
- Bharuch
- It has good connectivity via road and rail.
- It is strategically located near the Gulf of Khambhat.
- It is Industrially well developed area.
- It has several chemical industries situated.
These are the main locations in Gujarat in which you can find a scope in investing. When you are finding a location for your chemical company, you may need some parameters to keep in mind which are –
- Raw Materials should be easily accessible.
- Your industry should be in the market area.
- It should have access to utilities such as water, electricity, and natural gas.
- The environment should be industrial friendly.
- A good presence of transportation networks, including roads, railways, ports, and airports is needed.
- Proper waste disposal and pollution control measures needed.
- Climatic conditions are also notable.
- Availability of emergency response services and disaster management plans.
- Cost of land and construction must be of your benefit.
- See the employment ratio and presence of skilled labour.
- Natural disaster risk (floods, earthquakes, etc.) should not be there.
- Availability of industrial land with necessary facilities must be needed.
CONCLUSION –
Given these factors , Gujarat would emerge as the most suitable state for setting up a chemical industry as it is strategically located where there is a good environment for chemical industry setup and has good infrastructure, governmental support, qualified manpower, good variety of technicians and a sort of regulatory regime conducive to development, it serves just right as the setting for the growth and prosperity of chemical units. Careful selection of the right industrial zone and meeting norms regarding safety, environment, and regulations would enable sustainable growth and profitability in the dynamic industrial landscape of Gujarat.
You can choose Gujarat for your chemical industry set up. It will provide you with nice and decent infrastructure and a profitable source of income. Gujarat is also one of the parts of Maharashtra and as we all know Maharashtra is quite famous for the chemical sector. So investing in Gujarat can be more profitable to you.
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