The Gujarat Industrial Development Corporation (GIDC) was established under the Gujarat Industrial Development Act of 1962, with a goal of accelerating industrialization in the state of Gujarat, India

India

India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

. One main role of the GIDC is to identify locations suitable for industrial development

Industry

Industry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...

 and create industrial estates with infrastructure such as roads, drainage, electricity, water supply, street lights, and ready-to-occupy factory sheds. The infrastructure of certain estates has been built for specific industries; there is an electronics estate at Gandhinagar, ceramics estates near Bhavnagar

Bhavnagar

-Topography:Bhavnagar is a coastal city in the eastern coast of Saurashtra, also known as Kathiawar, located at . It has an average elevation of 24 metres . It occupies area of 53.30 km². General slope dips in the northeasterly direction at the apex of Gulf of Khambhat...

, chemical estates at Vapi

Vapi

Vapi Vapi Vapi (IAST: vāpī, Gujarati: , is a city and a municipality in Valsad district in the Indian state of Gujarat. It is situated on the banks of Damanganga River in southern Gujarat, India. Vapi falls under the taluka administration of Pardi...

, Ankleshwar, Panoli, Nandesari

Nandesari

Nandesari is a census town in Vadodara district in the Indian state of Gujarat.-Demographics: India census, Nandesari had a population of 7259. Males constitute 53% of the population and females 47%. Nandesari has an average literacy rate of 72%, higher than the national average of 59.5%: male...

, Naroda

Naroda

Naroda is a suburban town in Bapunagar, northeast of Ahmedabad, Gujarat, India. With the establishment of the Naroda Industrial Area in the 1980s, the town flourished; it was incorporated into Ahmedabad in 1996...

, et al., and engineering estates throughout Gujarat. Some GIDC estates also have low-cost housing for workers and executives

Corporate title

Publicly and privately held for-profit corporations confer corporate titles or business titles on company officials as a means of identifying their function in the organization...

 of tenant businesses, and many of the larger estates include amenities and commercial facilities such as bank

Bank

A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

s, shopping complexes, school

School

A school is an institution designed for the teaching of students under the direction of teachers. Most countries have systems of formal education, which is commonly compulsory. In these systems, students progress through a series of schools...

s, dispensaries, telecommunications centers, police station

Police station

A police station or station house is a building which serves to accommodate police officers and other members of staff. These buildings often contain offices and accommodation for personnel and vehicles, along with locker rooms, temporary holding cells and interview/interrogation rooms.- Facilities...

s, and community halls.

As of February 2008, there are 257 such estates throughout Gujarat, and economies of scale

Economies of scale

Economies of scale, in microeconomics, refers to the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased. "Economies of scale" is a long run concept and refers to reductions in unit...

 allow the GIDC to offer these plots for substantially less than the cost of creating a similar standalone factory

Factory

A factory or manufacturing plant is an industrial building where laborers manufacture goods or supervise machines processing one product into another. Most modern factories have large warehouses or warehouse-like facilities that contain heavy equipment used for assembly line production...

. GIDC has acquired maximum land for the development of Industries in the State of Guajrat, under their possession after Indian Railway.

Famous industrialists like Dhirubhai Ambani and Krashan Kaka (Nirma

Nirma

Nirma is a group of companies based in the city of Ahmedabad in western India that manufactures products ranging from cosmetics, soaps, detergents, salt, soda ash, LAB and Injectibles. Karsanbhai Patel, a well known entrepreneur and philanthropist of Gujarat, started Nirma as a one-man operation....

) have their industrial units in GIDC.