As states compete for investments, Gujarat's industrial clout keeps growing

Its lead in adding factory assets has widened even as states like Tamil Nadu do better on other parameters in nationwide competition for investments

Gujarat has more machinery, equipment, buildings and other factory assets than any other Indian state and the gap keeps growing as governments compete to get industrial investment.

Gujarat’s share in the total value of such assets — called fixed capital — nationwide has increased from 14.96 per cent in 2012-13 to 20.59 per cent in 2019-20, shows data from the Annual Survey of Industries that tracks organised manufacturing across India. The government releases the data with a lag. It put out the provisional data for 2019-20 in May.

The fixed capital share of other top industrial states, like Maharashtra, Tamil