In 10 yrs, state scores high in investments, low in jobs

The last one decade has seen a real good show in terms of investments in Gujarat. However, data sourced from the Gujarat Industries Department shows these investments has had little impact in terms of commissioning of new industrial projects or creation of new jobs.

Compared to the 1990s, the number of new projects commissioned and the new jobs created during 2003-12 (calendar year) in Gujarat has fallen by over 45 per cent.

The year wise data of Gujarat's industrial projects (with an investment size of Rs 10 crore and above) sourced by The Indian Express for the last 20 years from Gujarat Industries Department show that the state has done appreciably well in terms of the quantum of investments that have flowed into the state. But the number of projects commissioned over the last decade is not as impressive.

For instance, between 2003-12, the state attracted Rs 1.03 lakh crore of investments. This is 14 per cent more than the Rs 88,700 crore of investments that have come into the state in form of commissioned projects between 1993-2002.

"The projects that are of size Rs 10 crore and above are described as large projects by the state government," said a state government official requesting anonymity.

However, when the sheer number of projects are taken into the consideration, the investment figures begin to look a shade jaded. During the 10 years between 2003-12, Gujarat saw 1,681 new industrial projects (with an investment of Rs 10 crore and above) being commissioned, which is 47 per cent less than the number of projects (3,127 new projects) commissioned between 1993-2002.

Secondly, the number of new jobs created by these new industrial projects is also on the lower side. Between 2003-12, over 3.12 lakh new jobs were created by these large projects in the state. However, this is 45 per cent less than the 5.66 lakh jobs generated between 1993-2002.

... contd.

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