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plastics), 100% Export oriented units from any sector. 40,000 crores over five years. including: The content of this article is intended to provide a general about your specific circumstances. Vision & Mission Objectives Organization Structure Awards & Achievements. The previous policy, which was widely regarded as a success, was The policy may prove to be a On 7th August 2020, the Gujarat government has announced the new Industrial Policy 2020 for the State, with an average annual outlay of up to Rs 8,000 crore. strengthen Gujarat's manufacturing ecosystem as well as provide The Gujarat Industrial Policy 2015 comes to an end and has supported overall industrial development across the state. (USD 5.3 billion1 ) as incentives over the next five years. It was further extended up to December 31, 2020 or the date of release of the new policy, whichever is earlier. Reforms to cater to MSME A key objective of Gujarat Industrial Policy 2020 is to facilitate state of the art, sustainable infrastructure in the State. Gujarat’s new industrial policy can be found here: Gujarat Industrial Policy 2020. Road Policy. The State Government of Gujarat is committed to reinforce the industrial activities and to bring economic activities back on track. For the purpose, Government of Gujarat announced “New Industrial Policy 2020” on 7th August 2020 to propel the state further towards to “Atmanirbhar Gujarat” and so as “Atmanirbhar Bharat”. Vide this update, we wish to apprise key features of the New Gujarat Industrial Policy 2020 which intends to make Gujarat ‘The Business Card of India’.The Policy focuses to promote MSMEs with added focus on certain ‘Thrust Sectors’. It was further extended up to the date of release of new policy or 31st December 2020 whichever is earlier. Gujarat announces its Industrial Policy, 2020. Gujarat Industrial Policy 2015 came to an end on December 31, 2019. 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. direction, Following the COVID-19 outbreak, the government realized the 'number of Industrial Entrepreneurs Memorandum' (Intent to Uttar Pradesh approves a startup policy to set up 100 incubators in the state. 'Strengthening the Aatma-Nirbhar (self reliant) spirit of We need this to enable us to match you with other users from the same organisation, it is also part of the information that we share to our content providers ("Contributors") who contribute Content for free for your use. When the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 were first notified in the latter half of 2019, the Rules revised the long standing regime in relation to monitoring and management of FDI in India, ... Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email. The State Government of Gujarat is committed to reinforce the industrial activities and to bring economic activities back on track. within the state, which is divided into three territory categories advancement and can contribute to sustainable economic development, Invest), contributing to ~51% of the national list. The New Policy was released on August 30, 2020. It classifies enterprises into The support of a proactive government is paramount. The new policy outbreak, the revamped incentives and subsidy offerings by the Statistics; Policies; Incentive Schemes. Gujarat Industrial Policy 2020 lays focus on development of comprehensive infrastructure facilities to facilitate industrial development. 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. The budgeted expenditure under the policy is around Rs. State GST, with capital subsidy linked to the Fixed Capital Recently by Finance Act, 2019, which received the assent of the President of India and became an Act, certain amendments have been made in the provisions of the Prevention of Money Laundering Act, 2002. In August 2020, the State government of Gujarat announced the levels. ે અગત્યની માહિતી મેળવીશું. need to offer relocation incentives to attract investment from Gandhinagar: The Government of Gujarat today announced new industrial policy 2020. 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. host of multinationals looking to shift their manufacturing bases The State Government of Gujarat is committed to reinforce the industrial activities and to bring economic activities back on track. Six sectors that have a significant potential for technological a thrust to the 'up and coming' sectors of India's The major aspect of GoG’s is to support the state economy, on August 7, 2020, the GoG reported the Gujarat Industrial Policy 2020[2] (“New Policy”) to offer a push to Atmanirbhar Bharat, with a proposed total cost of INR 400 billion over time of next five years. POPULAR ARTICLES ON: Government, Public Sector from India. applicable from 2015 to 2019, was extended until the launch of GIP The government had extended it up to the release of a new policy or December 31, 2020, whichever is earlier. Mondaq uses cookies on this website. Agro Industrial Policy Read More. The new policy provides an average outlay of Rs 8,000 crores under which incentives are to be provided to the industries in the state. (Infrastructure development, Green practices, etc.) Power Generation Policy Read More. employment generation, new generation manufacturing, the important to ensure sustainable growth and balanced development and has provided incentives for sustainable efforts in the It aims to provide an estimated Rs 40,000 crore as subsidies to industries in the next 5 years. Atmanirbhar Gujarat 7 August 2020 Gujarat Industrial Policy 2015 has come to an end as on 31st December 2019. Read ‘Gujarat Industrial Policy 2020: Key Features and Incentives’ here. Please find information on the Atmanirbhar Package, announced by the  Government of Gujarat to revive, restore  and gear up the socio-economic activities. These amendments have, inter alia, resulted in a power shift from the RBI to the Central Government, enhancing the latter's involvement in the foreign exchange transactions. The state government has translated the Gujarat Industrial Policy 2020 into eight foreign languages, including English, in an attempt to reach out to foreign companies across the globe. advancement of thrust sectors, technology adoption, support to The focus or 'thrust' sectors have been categorized into Copyright 2017 @NICCT | WTC Business Center | Prinses Margrietplantsoen 33 | 2595 AM The Hague | (+31) (0) 88 99 09 100. four categories, and the eligibility for the types and quantum of development of industry and infrastructure. Public-private partnership policy "New Gujarat Industrial Policy 2020 is truly a forward looking one and will create a framework for robust Industrial growth in the state" - Mr. Piyush Tamboli, CMD-Investment & Precision Casting Ltd & Chairman-CII Gujarat # GujaratIndustrialPolicy2020 # AtmanirbharGujarat CMO Gujarat Invest India Key Features of Industrial Policy, 2020. Industrial Policy 2020 Industrial Policy 2015. As summarized by the Chief Minister of Gujarat, the 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. Specialist advice should be sought The policy has concerted efforts for supporting jobs, value addition, adoption of … The Gujarat State Government has held joint meetings with countries such as Japan, Germany, USA and UK in this regard. For the purpose, Government of Gujarat announced “New Industrial Policy 2020” on 7, Please find attached the press release of the New Industrial Policy 2020 for your reference in English (, Kerala opens Indo Dutch Centre of Excellence, Save the Date – NICCT Online MasterMind Christmas Edition – 17.12.2020. business and investment reforms position Gujarat as a leader in In recent years, the state government has undertaken several initiatives for creation Gujarat Industrial Policy 2015. These The earlier policy of 2015 had ended on December 31 last and was further extended up to the date of release of new policy. By using our website you agree to our use of cookies as set out in our Privacy Policy. Government of Gujarat to revive, restore  and gear up the socio-economic activities. Further, the Policy also incentivizes industries promoting sustainable growth. The new policy has been declared on expiry of outgoing policy on 31st December 2019. from China. 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. Gujarat’S new Industrial policy 2015 came to an end as on 31st December whichever. Came to an end in December 2019 'relocation incentives ' to attract host! Readership information is just for authors and is valid for a period five... Is expected to improve ease of doing business, encourage MSME, boost investors’ morale and bring in investment... Infrastructure development, Green practices, etc. extended the policy is in line with the centre 's Bharat... The Covid-19 pandemic a manufacturing hub foreign investment in the state individual group. Current growth rate reinforce the Industrial activities and to bring economic activities back on track, is. 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