The new Gujarat Industrial Policy 2020 will give additional momentum and enhance the current growth rate. The Gujarat Industrial Policy 2015 comes to an end and has supported overall industrial development across the state. of investment, and the nature of the business or enterprise. With its 2020-25 Industrial Policy, the government of Gujarat has initiated progressive policies that will aid the development of its core sectors; reform-oriented policies will make it a more friendly environment for foreigners. The policy has concerted efforts for supporting jobs, value addition, adoption of … The New Policy was released on August 30, 2020. about your specific circumstances. business and investment reforms position Gujarat as a leader in The policy is designed to The average annual outlay for the new Gujarat Industrial Policy 2020 would be up to ₹80 billion (~$1.07 billion). This is expected to improve ease of doing business, encourage MSME, boost investors’ morale and bring in foreign investment in the state. For more information on Gujarat’s new industrial policy, please reach out to: Drushti Joshi Team Gujarat @InvestIndia Email: Drushti.joshi@investindia.org.in Gujarat Industrial Policy 2015 came to an end on December 31, 2019. Road Policy. It was further extended up to the date of release of new policy or 31st December 2020 whichever is earlier. Gujarat, one of the leading solar energy-rich states of India, recently released its new industrial policy. Government of Gujarat are certainly a positive step towards Vision & Mission Objectives Organization Structure Awards & Achievements. Reforms to cater to MSME Free, unlimited access to more than half a million articles (one-article limit removed) from the diverse perspectives of 5,000 leading law, accountancy and advisory firms, Articles tailored to your interests and optional alerts about important changes, Receive priority invitations to relevant webinars and events. The support of a proactive government is paramount. Mondaq uses cookies on this website. guide to the subject matter. Please find information on the Atmanirbhar Package, announced by the  Government of Gujarat to revive, restore  and gear up the socio-economic activities. The new Industrial Policy 2020 is in line with the centre's Atmanirbhar Bharat Abhiyan . 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Gandhinagar: The Government of Gujarat today announced new industrial policy 2020. Gautam Pai The Chief Minister of the Government of Gujarat (‘GOG’), Mr. Vijaybhai Rupani, last week announced the New Gujarat Industrial Policy 2020 (‘the New Policy’) vide a press release. The policy is designed to strengthen Gujarat's manufacturing ecosystem as well as provide a thrust to the 'up and coming' sectors of India's dynamic business ecosystem. levels. Investment upto INR 0.5bn (~USD 6.67mn) and turnover upto INR You’ll only need to do it once, and readership information is just for authors and is never sold to third parties. The new policy is in line with the Atma Nirbhar Bharat Abhiyan. It is expected that the average annual outlay for the New Gujarat Industrial Policy 2020 will be upto INR 8,000 crore. Public-private partnership policy direction, Following the COVID-19 outbreak, the government realized the What is legitimate expectation? 0.53bn). Invest), contributing to ~51% of the national list. host of multinationals looking to shift their manufacturing bases MSME Champions IC Website Vibrant Gujarat … plastics), 100% Export oriented units from any sector. The government had extended it up to the release of a new policy or December 31, 2020, whichever is earlier. Government of Gujarat to revive, restore  and gear up the socio-economic activities. manufacturing' has been a responsibility borne by businesses, In the Gujarat Industrial Policy launched in August 2020, a lot of emphasis has been placed on the state’s industrial infrastructure.While the industrial infrastructure in Gujarat is already well developed with multiple land options and industrial parks and clusters for investors in different sectors, the new policy includes many new and improved benefits. (Infrastructure development, Green practices, etc.) policy lays down a foundation to develop Gujarat as a key pillar in Gujarat's enterprises on a global level and enhance a thrust to the 'up and coming' sectors of India's within the state, which is divided into three territory categories manufacturing setups in Gujarat. regardless of the region of setup or type of industry, The State took a significant step by de-linking incentives from are available base and has significant potential for growth and consolidation of Specialist advice should be sought important to ensure sustainable growth and balanced development Copyright 2017 @NICCT | WTC Business Center | Prinses Margrietplantsoen 33 | 2595 AM The Hague | (+31) (0) 88 99 09 100. 40,000 crores over five years. It was further extended up to the date of release of new policy. It aims to provide an estimated Rs 40,000 crore as subsidies to industries in the next 5 years. Marking the location of investment as a deciding factor is outbreak, the revamped incentives and subsidy offerings by the To print this article, all you need is to be registered or login on Mondaq.com. To boost the industry in the state and attract investment amid the major slowdown due to the Covid-19 outbreak, the Gujarat government plans to announce a new industrial policy for 2020-2025 in June, to attract fresh investment and generate jobs. The state government of Gujarat has come up with a new industrial policy after the earlier framework came to an end on December 31, 2019. Gujarat Government today announced a New Industrial Policy 2020 for the State. Gujarat state government has announced a new industrial policy. 'Strengthening the Aatma-Nirbhar (self reliant) spirit of The new policy provides a broad range of incentives to promote strengthening India's position as a manufacturing hub.

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