The discovery of oil and gas in Ankaleshwar was an impetus to the industrialisation of Vadodara. Soon after, the Gujarat Refinery started its first phase of production in 1965. Large-scale industries such as the Gujarat State Fertilisers & Chemicals Corporation (GSFC), and Gujarat Alkalies and Chemicals Limited (GACL) were later established in the vicinity of the Gujarat Refinery.
Today, Vadodara is humming with industrial activity and is attracting entrepreneurs from all over the country.
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