Government of Gujarat

The government uses a multi-entity model: GSPC for energy, GIDC for industrial estates, and GUVNL for power distribution. Capital is allocated through annual budgets that earmark funds for infrastructure, health, agriculture, and industrial incentives. The fiscal year 2025–26 budget allocated ₹3.2 trillion total (per the Gujarat Budget document).

It refers to the state's strategy of using proactive industrial policy — land acquisition for special economic zones, subsidized power tariffs, and large-scale infrastructure spending — to attract private investment. First implemented under Narendra Modi from 2001–2014, the model has been cited in World Bank research on state-level growth in India.

Generally, no. The government invests through state-owned enterprises and public-private partnerships (PPPs). It ventures with private firms like Adani and Reliance on port and power projects. The state does not hold a traditional equity portfolio in public or private companies.

Gujarat is a national leader in solar and wind energy. The state has built the 1.3-GW Gujarat Solar Park in Kutch and has targeted 100 GW of renewable capacity by 2030. Through GUVNL, it procures power via reverse auctions and offers land for mega solar parks (per Ministry of New and Renewable Energy, 2024).

The state government operates through 31 departments, overseen by the Chief Minister and a cabinet. The Finance Department manages tax and non-tax revenues, while state-owned enterprises report to line ministries. The government also has a contingent fund for emergencies and a consolidated sinking fund for debt management.

Gujarat has been an active partner in infrastructure PPPs. It has co-developed the Delhi-Mumbai Industrial Corridor with the central government and private developers, and the Hazira port with Adani Group. The state typically provides land, connectivity, and regulatory clearances while the private partner finances and operates the asset.

Sources are tax revenue (GST, state taxes), central government transfers, excise duties, and dividends from state-owned enterprises. For fiscal year 2024–25, Gujarat's own tax revenue was estimated at ₹1.8 trillion (per the Comptroller and Auditor General of India, 2024).