When there is such a huge Factory Sickness – over 400 factories are shut down, one for every working – he made no serious effort to ‘Revive Them’ and instead was ‘Licking the Boots of Every Foreigner – Even From Kenya and Ghana’ to help Gujarat industrialize,
But opposes FDI in retail when Gujaratis own majority of shops in America & EU.
Slowdown of ‘Registration of Factories in Gujarat from 57% to 32%’ and operating units declined from 77% to 70%.
But the difference is before BJP rule there was SEVERE financial constraints – this alone Gujarat Budget Expenditure grew from Rs 38,000 crore to Rs. Rs.50,599-crore or 34% increase. But no effort was made to revive sick units.
Percent of India – Table 28 P-61
Value of Output
Net Value Additions
Gujarat fixed Capital investment was substantial 16.32% but value additions was just 11.45% Was this because of low value added Factories.
But recently found out 10,407 factories in Gujarat are not functioning out of 34860. Table29.
Modi’s Vibrant Gujarat Unsucessful 10,407 (30%) Sick Factories - Excl.(C)
This is enough to Puncture Modi Campaign as 30% or for every Two Working Factories, One in Gujarat are sick and Modi did nothing to revive them.
Modi registered 8404 Factories but increase in number of number of Working Factories was just 4029 (48%).
FOR EVERY ONE FACTORY REGISTERED AND WORKING BY MODI MORE THAN ONE FACTORY WAS SHUT DOWN OR BECAME SICK.
It was easy to REVIVE sick units than finance new projects.
Data provided by Gujarat government indicates in two import Factory Data fixed capital as Gujarat share of India was BEST PHASE of Gujarat growth trajectory and since Modi arrived it declined.
Indicators as % of India
Net Value Added
Table 28 Is important – Fixed Capital and Value Added by Gujarat were 18.04% and 11.74% in 2001 that were down to 16.32% and 11.45% in 2009.
Table 28 Continued – Here growth is compared since 1960.
In 1990-91 to 2000-01 decade Factory Growth Was Double of National Average – Fixed Capital 9.8%
Table 29 Is Important – P-66
Figures in bracket is Growth rate
No. of Regd.
No. of working
SSI – MSME
SSI units registration declined from 14761 in 1998-99 to 12168 in Oct06 to July10.
Table 10 in above Annual SSI registration was 14761 in 1998-99 was reduced to 10955 in 2005-06. Table 13 admits Failure of Gujarat to promote SMEs.
Between October02 2006 to July31 2010 four years total registration of SSI was just 12168 – Micro Units registration in these years was 49186 and medium industries 504.
In table 15 Micro Small and Medium industries contributed 859272 jobs but in this Medium Industries contributed just 55457 jobs just 6.5%.
Modi created 5 lakh factory jobs in over 10 years for over 100 lakh population growth.
But neglect of Textiles, MSMEs, Poor Implementation of Irrigation projects resulted in average growth –
- that enriched few Adanis or Ambanis.
Job numbers Swelled after Micro Units like roadside welder or mechanic were included in the MSME sectors.