r creating 3,997 jobs contributing 36% to the total jobs created.Food processing industries grew by over 250 times during 1998-07 with an investment of 79 Crore (USD 19 million).
Investments in pipeline
A total of 11 (Memorandum of Understanding) MoUs were signed during Vibrant Gujarat Global Investor Summits (VGGIS) 2003, 2005 and 2007, in several sectors such as ports, power, agricultural & food processing, tourism, and mineral-based industries. The power sector witnessed investments of over 4000 crore (USD 975.60 million) during VGGIS 2003 and 2005 by Nirma Chemicals Limited and Gujarat Petro Chemical Limited respectively. The maximum number of MoUs were signed in relation to the port sector during 2003 and 2005 in the district. Gujarat State Petronet Corporation (GSPC), has signed an MoU during Vibrant Gujarat 2007, for the privatisation of Bhavnagar port.
Economy drivers
Major investments were witnessed in infrastructure projects during 1998-2007 which would further enhance the image of the district as a commercial region. Recent surge in the growth of food processing industries in the district has increased employment opportunities for the masses. Presence of Bhavnagar port has helped in catalysing the growth of industries, making it an important terminal for trade. Proximity with other major industrial hubs of the State, such as Ahmedabad and Rajkot has helped the district in attracting investments. Small scale industry sectors such as repairing & servicing, textiles, chemicals, glass & ceramics, and wood products are the supporting pillars of the economy providing numerous employment opportunities.
Commerce
Exports of cotton, ship machinery and dehydrated onions.
Diamond
