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Gujarat Industrial Policy 2020 has been unveiled by the state that aims to provide an estimated Rs 40000 crores as subsidies to the industries within the next five years. 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’. Extension of time limit of various incentive schemes under Industrial Policy, 2015, MSME SAMADHAAN- Delayed Payment Monitoring System, Scheme for Capital Subsidy to Large Industries and Thrust Sector, Dr.Babasaheb Ambedkar udhyog uday yojana for SC/ST Eatrepreneurs for MSME, Scheme for Assistance to Micro, Small and Medium Enterprises (MSME), Scheme for Market Development Assistance to MSMEs, Scheme of Assistance to GIDC for development of Multi Storeyed Sheds for Micro and Small Enterprises (MSEs), Scheme of Assistance to MSEs for Shed developed by Private Developer, Scheme for Assistance for Research and Development Activities, Scheme for Assistance for Start Ups/Innovation, Scheme for Assistance for Environment Protection Measures, Scheme for Assistance for Industrial Infrastructure, Scheme for Financial Assistance to Industrial parks, Scheme for Enhancement of Technical competence and Manpower, Scheme of Assistance for Common Environment Infrastructure. – Irrespective of any sector, the thrust on 100% export oriented units will be given. The Gujarat Industrial Policy, 2015, came to an end in 2019 and the government had extended it till 2020. Gujarat Industrial Policy 2020 1. 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. – The New Gujarat Industrial Policy 2020 will offer interest subsidy upto 7% upto INR 35 lakhs per annum for a period upto 7 years to these service sector MSMEs in the state including those engaged in Financial Services, Healthcare Services, Audio Visual services, Construction related engineering services, Environmental services etc. To set up private industrial parks in the state, the private developer will be provided incentives which will be 25% of fixed capital investment up to Rs 30 crore. Rupani added that the recently released Gujarat Industrial Policy, 2020, has received encouraging feedback. i.The new policy provides for appointment of relationship managers by the Industrial Extension Bureau (iNDEXTb) that hosts the biannual Vibrant Gujarat summit. Phone: 46550555(Hunting Line) Fax: 01123017008/9. The State has attracted large number of investments in the past, yet there has been a shortage of sector-specific high-quality manpower. Email: assocham@nic.in. Gandhinagar: The Government of Gujarat today announced new industrial policy 2020. Relocation incentives- For this purpose the state has already held meetings with Japan, United States, Germany and UK. The New Gujarat Industrial Policy 2020 will offer interest subsidy upto 7% upto INR 35 lakhs per annum for a period upto 7 years to these service sector MSMEs in the state including those engaged in Financial Services, Healthcare Services, Audio Visual services, Construction related … The state govt had extended this policy which expired on December 31, 2019 up to the release of a new policy or December 31, 2020, whichever is earlier. The new policy has been declared on expiry of outgoing … Focus on China. The new policy provides for appointment of relationship managers by the Industrial Extension Bureau (iNDEXTb) that hosts the biannual Vibrant Gujarat summit. Capital– Gandhinagar It replaces the Gujarat Industrial Policy 2015. Manufacturing activity in Gujarat is back to its pre-Covid level and large investments are being made in the industrial sector of the state, the CM said. Gujarat Govt launched ‘Atmanirbhar Gujarat Sahay Yojna’ to provide loans to small businessmen. INDIA, MSME-D Branch No. AffairsCloud YouTube Channel - Click Here. This policy shall be valid for a period of five years from 7 th August, 2020. Gujarat. ii.For tribal Talukas, it will support establishing industrial parks at 50% of fixed capital investment up to Rs 30 crore. The policy will … IFP: Single Window Facilitation for Investors Toll Free HelpLine Number : 1800 233 1847 (Timing: 10:30 AM - 6:10 PM - Working Days) Centralized system to monitor … The Gujarat Industrial Policy 2020 has been formed to further consolidate the growth momentum that the state has achieved over the past few years, and enhance the current growth rate. Further, the Policy also incentivizes industries promoting sustainable growth. The state is preparing a separate Services Sector Policy, Incentives to private developers & Tribal Talukas. New Delhi, Dec 18 (PTI) Gujarat has been focussing on Industry 4.0 and also on an innovation-driven ecosystem, Chief Minister Vijay Rupani said on Friday. i.The state government for the 1st time will provide the support to upto 65% of the total cost of acquiring foreign patented technologies by Micro, Small and Medium Enterprises(MSMEs). Karnataka and Tamil Nadu announce information technology policies. The new purchase price stands at Rs 2.25 per unit against Rs 1.75. On August 7, 2020 Gujarat Government announced the New Industrial Policy 2020 for the State, with an expected average annual outlay of up to Rs 8,000 crore, which is meant to provide incentives to the industries. Provisions of the New Industrial Policy 2020. The policy will announce capital and interest subsidy for MSMEs. The Industrial Policy 2020 has been drafted with this agenda at its core and the policy aims to further ease the regulatory mechanism and procedure by strengthening the helpdesks, disseminatio n of information and a strong mechanism to collect investor feedback. - 23258378 , LEGAL Expert No.-23258379, Site best viewed at 1024 x 768 resolution in I.E 10+, Mozilla 40+, Google Chrome 50+. The pledge came during a webinar on Gujarat Industrial Policy 2020 on Saturday by the state government where industries pledged a total investments of Rs 10500 crore, Vedanta being the biggest among them, in the metal sector. All Rights Reserved. ii.The state government has still not taken a decision about hosting the summit in January 2021. ASSOCHAM, 4th Floor, YMCA Cultural Centre and Library Building, 01, Jai Singh Road, New Delhi - 110001. The new policy is in line with the Atma Nirbhar Bharat Abhiyan. Other details of like Education Qualification Details, Required Age Limit, Mode Of selection, Fee Details and How to Apply are given below… Addressing a webinar organised by the Assocham, Rupani said the state's new industrial policy and the Atmanirbhar Bharat initiative will help give pace to the state economy. Gujarat launches Industrial Policy 2020 August 8, 2020 Gujarat Industrial Policy 2020 has been unveiled by the state that aims to provide an estimated Rs 40000 crores as subsidies to the industries within the next five years. Corporate Office. The notification is for recruitment of Gujarat Administrative Officer, Professor & Others. GPSC has extended the last date for Apply Online on 10th December 2020 - Click Here GPSC Recruitment 2020-21 Basic Information Gujarat Public Service Commission (GPSC) has published a recruitment notification (01 to70/2020-21) on 06/11/2020. Gujarat stands first in terms of number of Industrial Entrepreneurship Memorandum. On August 7, 2020 Gujarat Government announced the New Industrial Policy 2020 for the State, with an expected average annual outlay of up to Rs 8,000 crore, which is meant to provide incentives to the industries. 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. The New Gujarat Industrial Policy 2020 will offer interest subsidy upto 7% upto INR 35 lakhs per annum for a period upto 7 years to these service sector MSMEs in the state including those engaged in Simultaneously, the state is working on a Service sector policy for large enterprises. 01/09/2020: 11: Scheme for Assistance for Industrial Infrastructure : 01/09/2020: 12: Scheme for Financial Assistance to Industrial parks : 01/09/2020: 13: Scheme for Assistance to logistic park : 01/09/2020: 14: Scheme for Enhancement of Technical competence and Manpower : 01/09/2020: 15: Scheme of Assistance for Common Environment Infrastructure : 01/09/2020 Gujarat Industrial Policy 2020 – Huge Incentives to MSMEs Going Solar | 2nd September 2020 Gujarat, one of the leading solar energy-rich states of India, recently released its new industrial policy. –  Electrical machinery & equipment, Industrial Machinery & equipment, Auto & Auto Components, Ceramics, Technical Textiles, Agro & Food Processing, Pharmaceuticals & Medical devices, Gems & Jewelry and Chemicals. 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