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. This policy shall be valid for a period of five years from 7 th August, 2020. It increases the seed support from Rs 20 lakh to Rs 30 lakh for startups and also offers increased sustenance allowance and additional fiscal support. It aims to provide an estimated Rs 40,000 crore as subsidies to industries in the next 5 years. Email: assocham@nic.in. Focus on China. 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. Note– Irrespective of any sector, the thrust on 100% export oriented units will be given. These managers are meant to be the single point of contacts for investors. It replaces the Gujarat Industrial Policy 2015. In the policy, the state has announced some major incentives for MSMEs looking to solar. The new purchase price stands at Rs 2.25 per unit against Rs 1.75. The Gujarat Single Window Clearance Act 2017 and the Gujarat MSME Act 2019. Therefore, the Gujarat Industrial Policy 2020 lays a strong emphasis on expanding the skill base in the state. 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. The new policy has been declared on expiry of outgoing … The operative period of the scheme shall be from 07/08/2020 to 06/08/2025 The Industrial Policy 2020 envisions Gujarat as a global business destination for next-generation sustainable manufacturing and service industry. i.The new policy provides for appointment of relationship managers by the Industrial Extension Bureau (iNDEXTb) that hosts the biannual Vibrant Gujarat summit. 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). 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. 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. 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. Gujarat Govt launched ‘Atmanirbhar Gujarat Sahay Yojna’ to provide loans to small businessmen. For tribal Talukas, it will support establishing industrial parks at 50% of fixed capital investment up to Rs 30 crore. Applications are invited for the post of Forest Ranger Officer, Assistant & Others. In August 2020, the State government of Gujarat announced the New Gujarat Industrial Policy (GIP) 2020. ii.Sunrise Sectors– Industry 4.0 manufacturing, Electric Vehicle and its components, Waste management projects, Green Energy including Solar & Wind Equipment and Eco-friendly compostable material for substitutes to traditional plastics. 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. Gujarat. 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. Capital– Gandhinagar The state government has still not taken a decision about hosting the summit in January 2021. - 23258378 , LEGAL Expert No.-23258379, Site best viewed at 1024 x 768 resolution in I.E 10+, Mozilla 40+, Google Chrome 50+. Acquisition of foreign technologies by MSMEs This is 51 per cent of total IEMs filed nationwide. 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 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 will pay 50 paise more to every unit of solar power bought from MSMEs to encourage MSMEs to use rooftop solar power. 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. TALUKA LIST FOR INDUSTRIAL POLICY 2020: 2: GUJARAT INDUSTRIAL POLICY-2020: 3: Gujarat Industrial policy 2015: 4: Electronics & IT ITes start up policy (2016-21) 5: SME ACT 2019 GUJARATI TRANSLATIOIN: 6: GUJARAT MSME Facilitaion : 7: SME ACT 2019: 8: MSME Cluster Development Policy: 9 Governor– Acharya Devvrat, Under the new policy Gujarat will become the. 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. The policy will announce capital and interest subsidy for MSMEs. Uttar Pradesh approves a startup policy to set up 100 incubators in the state. The Gujarat Industrial Policy, 2015, came to an end in 2019 and the government had extended it till 2020. Gandhinagar: The Government of Gujarat today announced new industrial policy 2020. 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. Rupani added that the recently released Gujarat Industrial Policy, 2020, has received encouraging feedback. 1, 4th Floor, Udyog Bhavan, Gandhinagar 382 010. ii.For tribal Talukas, it will support establishing industrial parks at 50% of fixed capital investment up to Rs 30 crore. Macpower CNC Machines Ltd, a Rajkot (Gujarat) based manufacturer of CNC (Computerized Numerical Control), has made India’s 1st indigenous hot air seam sealing machine used to manufacture personal protective equipment (PPE) kits. Promotion of Micro, Small and Medium Enterprises (MSMEs) MSMEs play a vital role in achieving balanced growth and in creating employment opportunities. The State has attracted large number of investments in the past, yet there has been a shortage of sector-specific high-quality manpower. INDIA, MSME-D Branch No. Gujarat announces its Industrial Policy, 2020. Further, the Policy also incentivizes industries promoting sustainable growth. recruitment notification for various posts in civil & systems Gujarat Metro Rail Corporation (GMRC) Limited, a 50:50 Special Purpose Vehicle (SPV) jointly owned by Government of India and Government of Gujarat is entrusted with the responsibility of implementation of The support of a proactive government is paramount. These managers are meant to be the single point of contacts for investors. The new Industrial policy is divided in 15 thrust areas in core sectors and sunrise sectors. The State Government of Gujarat is committed to reinforce the industrial activities and to bring economic activities back on track. 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