Ankleshwar has an industrial township called G.I.D.C. (Gujarat Industrial Development Corporation), which is the biggest industrial township in Asia. Ankleshwar also has a regional office for ONGC (oil and natural gas commission).
Today, Ankleshwar has over 100 big and small chemical plants. These chemical plants produce insecticides, speciality chemicals, and paint. The pharmaceutical company Cadila Healthcare has a plant to make active pharmaceutical ingredient in Ankleshwar. The big MultiNational firm Hoechst India Limited has a plant to make Rabies vaccine (for dog bite) along with other Agro and Pharma divisions. The division is now known as Chiron Behring Vaccine India.