Gujarat Agro Industries Corporation pays ₹15.37 crore dividend to state for FY24-25
Synopsis
Gujarat's 55-year-old state agro corporation handed over ₹15.37 crore in dividends across two financial years — and that's just the headline. Beneath it lies a pivot: a new Agri Business and Innovation Hub under construction in Ahmedabad, GI-tag projects, a millet value-addition unit, and a banana fibre processing plant, suggesting GAIC is quietly repositioning from a fertiliser distributor to an agro-industrial player.
Key Takeaways
Gujarat Agro Industries Corporation (GAIC) presented a total dividend of ₹15.37 crore to CM Bhupendra Patel on 1 September .
The payout covers two years: ₹11.14 crore for 2023-24 and ₹4.23 crore for 2024-25 .
GAIC operates through 1,156 Agri Business Centres across Gujarat, supplying fertilisers and farm inputs.
An Agri Business and Innovation Hub is under construction at Tragad, Ahmedabad .
New projects in the pipeline include a millet value-addition unit , banana fibre extraction plant , and GI-tag initiatives.
Gujarat Agro Industries Corporation (GAIC) presented dividend cheques worth ₹15.37 crore to Chief Minister Bhupendra Patel in Gandhinagar on Tuesday, 1 September, covering financial years 2023-24 and 2024-25. The payout underscores the state-owned corporation's sustained profitability even as it expands its agricultural input network across Gujarat.
Dividend Breakdown
The total payout comprises ₹11.14 crore as dividend for 2023-24 and ₹4.23 crore for 2024-25. The cheques were handed over by Minister of State for Agriculture Ramesh Katara and Principal Secretary (Agriculture and Farmers Welfare) R.C. Meena. Principal Secretary to the Chief Minister Sanjeev Kumar and GAIC Managing Director Vijay Kharadi were also present.
Corporation's Scale and Operations
Established in 1969, GAIC is a state government undertaking engaged in the supply of fertilisers and other agricultural inputs, promotion of farm machinery and equipment, development of agro-processing industries, and creation of agricultural infrastructure. It currently serves farmers through a network of around 1,156 Agri Business Centres spread across Gujarat.
The corporation has already set up agricultural infrastructure facilities at Bavla, Ahmedabad Airport, Jhagadia, Naroda, and Mahuva. Notably, construction of an Agri Business and Innovation Hub at Tragad, Ahmedabad is currently under way, signalling an intent to move up the agri-value chain.
New Projects in the Pipeline
During the briefing, Principal Secretary Meena updated CM Patel on Detailed Project Reports being prepared for several proposed initiatives. These include projects related to Geographical Indication (GI) tags, a millet value-addition unit, and a banana fibre extraction and powder-processing unit. The millet and banana fibre projects align with both central government priorities around nutri-cereals and Gujarat's own agro-processing ambitions.
Panchayati Raj Workshop on the Same Day
Earlier on Tuesday, CM Patel and Assembly Speaker Shankar Chaudhary attended the inaugural ceremony of a one-day special training workshop at the Gujarat Legislative Assembly Secretariat. The workshop, organised for newly appointed district and taluka panchayat office-bearers, focused on various aspects of the Panchayati Raj system. The back-to-back engagements reflect the state government's dual focus on agricultural enterprise and grassroots governance.
With new infrastructure projects under construction and detailed reports being finalised for GI-tag and value-addition units, GAIC appears set to expand its footprint well beyond its traditional fertiliser-supply mandate.
Point of View
But the subtext here is more interesting than the number. GAIC is signalling a strategic shift — from being a fertiliser-supply utility to an agro-processing and innovation entity. The millet value-addition and banana fibre projects tap into both central government schemes and export-oriented niches, which is a smarter use of a state PSU's balance sheet than just distributing inputs. The real question is execution: Gujarat has the infrastructure instinct, but agro-processing ventures at state PSU level have historically struggled with offtake and private-sector competition. Whether the Tragad hub becomes a genuine innovation anchor or another ribbon-cutting exercise will be the true measure of this repositioning.
NationPress
1 Sept 2026
Frequently Asked Questions
How much dividend did Gujarat Agro Industries Corporation pay and for which years?
GAIC paid a total dividend of ₹15.37 crore covering two financial years — ₹11.14 crore for 2023-24 and ₹4.23 crore for 2024-25. The cheques were presented to Chief Minister Bhupendra Patel in Gandhinagar on 1 September.
What is the Gujarat Agro Industries Corporation?
GAIC is a Gujarat state government undertaking established in 1969. It supplies fertilisers and agricultural inputs, promotes farm machinery, develops agro-processing industries, and builds agricultural infrastructure, operating through around 1,156 Agri Business Centres across the state.
What new projects is GAIC planning?
GAIC is preparing Detailed Project Reports for a millet value-addition unit, a banana fibre extraction and powder-processing unit, and projects related to Geographical Indication (GI) tags. An Agri Business and Innovation Hub is also under construction at Tragad in Ahmedabad.
Where has GAIC set up agricultural infrastructure?
GAIC has established agricultural infrastructure facilities at Bavla, Ahmedabad Airport, Jhagadia, Naroda, and Mahuva. The corporation is currently constructing a new Agri Business and Innovation Hub at Tragad, Ahmedabad.
Who was present at the dividend presentation meeting?
The cheques were presented by Minister of State for Agriculture Ramesh Katara and Principal Secretary (Agriculture and Farmers Welfare) R.C. Meena. Principal Secretary to the Chief Minister Sanjeev Kumar and GAIC Managing Director Vijay Kharadi were also in attendance.
