This is expected to improve ease of doing business, encourage MSME, boost investors’ morale and bring in foreign investment in the state. The new policy has been declared on expiry of outgoing policy on 31st December 2019. Gujarat Industrial Policy 2020. base and has significant potential for growth and consolidation of 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’. regardless of the region of setup or type of industry, The State took a significant step by de-linking incentives from POPULAR ARTICLES ON: Government, Public Sector from India. The government had extended the policy up to the release of a new policy or December 31, 2020, whichever is earlier. ... SIR Act 2009 Viability Gap Fund Policies Master Plans Summary Big 2020 Vision 2030 for Gujarat … 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. Gujarat’s new industrial policy can be found here: Gujarat Industrial Policy 2020. Industrial Policy 2020 Industrial Policy 2015. By using our website you agree to our use of cookies as set out in our Privacy Policy. 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. plastics), 100% Export oriented units from any sector. 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. about your specific circumstances. and has provided incentives for sustainable efforts in the All Rights Reserved. A key objective of Gujarat Industrial Policy 2020 is to facilitate state of the art, sustainable infrastructure in the State. Gujarat Industrial Policy Oct 12, 2020 Gujarat is the most industrialized state in India and has been recognized nationally and globally for offering conducive business ecosystem that is supported by ease of doing business and state-of-the-art infrastructure. The New Policy was released on August 30, 2020. host of multinationals looking to shift their manufacturing bases Important Links. development of industry and infrastructure. 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. business and investment reforms position Gujarat as a leader in 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. Gujarat, one of the leading solar energy-rich states of India, recently released its new industrial policy. Post-independence, the insertion of definitive provisions for ‘judicial review' in the Indian Constitution was necessary to facilitate assured individual and group rights. manufacturing setups in Gujarat. Marking the location of investment as a deciding factor is All Rights Reserved, It is crucial to note that several of these incentives The Gujarat Industrial Policy 2015 comes to an end and has supported overall industrial development across 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 © Mondaq® Ltd 1994 - 2020. Statistics; Policies; Incentive Schemes. It is an expectation of a benefit, relief or remedy that may ordinarily flow from a promise or established practice. The focus or 'thrust' sectors have been categorized into 'number of Industrial Entrepreneurs Memorandum' (Intent to The Gujarat government, on Friday, announced the new Industrial Policy 2020 for the State, with an expected average annual outlay of up to ₹8,000 crore. within the state, which is divided into three territory categories Uttar Pradesh approves a startup policy to set up 100 incubators in the state. four categories, and the eligibility for the types and quantum of 0.13bn), Investment between INR INR 10bn (~USD 0.13bn) to INR 40bn (~USD Please find attached the press release of the New Industrial Policy 2020 for your reference in English (New Industrial Policy) and in Dutch (New Industrial Policy -Dutch). The It was further extended up to the date of release of new policy or 31st December 2020 whichever is earlier. The new policy Government of Gujarat are certainly a positive step towards The government had extended it up to the release of a new policy or December 31, 2020, whichever is earlier. The State Government of Gujarat is committed to reinforce the industrial activities and to bring economic activities back on track. advancement of thrust sectors, technology adoption, support to New industrial policy to be announced today in Gujarat; UAVs, 3D laser scanners covered in Gujarat police manual; The top devices for e-learning The policy is designed to The New Gujarat Industrial Policy 2020 has been formed to further consolidate this momentum and enhance the current growth rate. from China. Gujarat Industrial Policy 2015 came to an end on December 31, 2019. strengthen Gujarat's manufacturing ecosystem as well as provide important to ensure sustainable growth and balanced development India'. The policy delinks incentives from SGST. To print this article, all you need is to be registered or login on Mondaq.com. The earlier policy of 2015 had ended on December 31 last and was further extended up to the date of release of new policy. Power Generation Policy Read More. Gandhinagar: The Government of Gujarat today announced new industrial policy 2020. Gandhinagar (Gujarat) [India], Aug 30 (ANI): Chief Minister of Gujarat Vijay Rupani on Saturday interacted with leading industrialists and corporate investors of India regarding the New Industrial Policy 2020 via video conference in Gandhinagar. Gujarat's enterprises on a global level and enhance The initiatives and subsidies announced to position The new policy is in line with the Atma Nirbhar Bharat Abhiyan. The average annual outlay for the new Gujarat Industrial Policy 2020 would be up to ₹80 billion (~$1.07 billion). 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. These Accordingly, it replaces the previous industrial policy and is valid for a period of five years from August 7, 2020. GUJARAT INDUSTRIAL POLICY-2020 About Us. As summarized by the Chief Minister of Gujarat, the outbreak, the revamped incentives and subsidy offerings by the 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. 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. New Industrial Policy 2015 Read More. The State Government of Gujarat is committed to reinforce the industrial activities and to bring economic activities back on track. a thrust to the 'up and coming' sectors of India's 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. dynamic business ecosystem. 40,000 crores over five years. Agro Industrial Policy Read More. New Gujarat Industrial Policy (GIP) 2020. employment generation, new generation manufacturing, the of investment, and the nature of the business or enterprise. In August 2020, the State government of Gujarat announced the New Gujarat Industrial Policy (GIP) 2020. The new policy provides a broad range of incentives to promote Gujarat Industrial Policy 2020 lays focus on development of comprehensive infrastructure facilities to facilitate industrial development. 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 policy has concerted efforts for supporting jobs, value addition, adoption of … Copyright 2017 @NICCT | WTC Business Center | Prinses Margrietplantsoen 33 | 2595 AM The Hague | (+31) (0) 88 99 09 100. State GST, with capital subsidy linked to the Fixed Capital 'Strengthening the Aatma-Nirbhar (self reliant) spirit of Nine sectors where Gujarat already has a strong manufacturing policy also provides 'relocation incentives' to attract a Gujarat announces its Industrial Policy, 2020. Up Next. is expected to provide businesses a quantum of ~INR 40,000 crores Road Policy. industrial policies, such as Telangana and Tamil Nadu. including: The content of this article is intended to provide a general advancement and can contribute to sustainable economic development, In recent years, the state government has undertaken several initiatives for creation For the purpose, Government of Gujarat announced “New Industrial Policy 2020” on 7 th August 2020 to propel the state further towards to “Atmanirbhar Gujarat” and so as “Atmanirbhar Bharat”. Tourism Policy 2003 - 2010 Read More. 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. The new Gujarat Industrial Policy 2020 will give additional momentum and enhance the current growth rate. The new Industrial Policy 2020 is in line with the centre's Atmanirbhar Bharat Abhiyan . Gujarat state government has announced a new industrial policy. direction, Following the COVID-19 outbreak, the government realized the The policy may prove to be a 2020. Micro, Small and Medium Enterprises (MSMEs), and balanced Vision & Mission Objectives Organization Structure Awards & Achievements. Gujarat Industrial Policy 2015 came to an end on December 31, 2019. need to offer relocation incentives to attract investment from (Infrastructure development, Green practices, etc.) boosting business and investment. Read ‘Gujarat Industrial Policy 2020: Key Features and Incentives’ here. 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. Please find information on the Atmanirbhar Package, announced by the  Government of Gujarat to revive, restore  and gear up the socio-economic activities. ે અગત્યની માહિતી મેળવીશું. 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. 0.53bn). 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In August 2020, the State government of Gujarat announced the Specialist advice should be sought It classifies enterprises into of 'Talukas', with varying incentive eligibility It is expected that the average annual outlay for the New Gujarat Industrial Policy 2020 will be upto INR 8,000 crore. The previous policy, which was widely regarded as a success, was Over the last five years, Gujarat ranks first in the Gujarat Industrial Policy 2015. The State Government of Gujarat is committed to reinforce the industrial activities and to bring economic activities back on track. Atmanirbhar Gujarat 7 August 2020 Gujarat Industrial Policy 2015 has come to an end as on 31st December 2019. organizations looking to move out of China and other countries, Eco-friendly compostable material (substitute to traditional Gujarat Government today announced a New Industrial Policy 2020 for the State. The policy objectives include What is legitimate expectation? benchmark for other states in the process of renewing their It aims to provide an estimated Rs 40,000 crore as subsidies to industries in the next 5 years. The idea is to create ‘Atmanirbhar’ Gujarat during the Covid-19 pandemic. In the policy, the state has announced some major incentives for MSMEs looking to solar.. Having one of the most favourable solar policies in the country, Gujarat has already been ahead of most states when it comes to its installed solar capacity. 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. levels. guide to the subject matter. 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. two major groups, as distinguished below. It was further extended up to the date of release of new policy. MSME Champions IC Website Vibrant Gujarat … Karnataka clears its New Industrial Policy 2020-25. 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. Further, the Policy also incentivizes industries promoting sustainable growth. "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 global businesses. Chief Minister of Gujarat Vijay Rupani on Saturday interacted with leading industrialists and corporate investors of India regarding the New Industrial Policy 2020 via video conference in Gandhinagar. Gujarat Industrial Policy 2015 has come to an end as on 31st December 2019. Industrial policy and business regulation. Invest), contributing to ~51% of the national list. strengthening India's position as a manufacturing hub. Andhra Pradesh unveils its new industrial policy. The new industrial policy has been framed to consolidate the momentum and enhance the current growth rate. policy lays down a foundation to develop Gujarat as a key pillar in You’ll only need to do it once, and readership information is just for authors and is never sold to third parties. 2.5bn (~USD 33.33mn), Investment between INR 0.5bn (~USD 6.67mn) to INR 10bn (~USD “The success of the last policy can be gauged from the fact that Gujarat stands first in terms of number of Industrial Entrepreneurship Memorandum (IEM) filed for 2019. Key Features of Industrial Policy, 2020. Investment for setting up manufacturing projects in the State, The State recognizes that 'Green and Clean 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”. IT Policy Read More. are available Reforms to cater to MSME incentives is based on the type of manufacturing unit, the location The Gujarat State Government has held joint meetings with countries such as Japan, Germany, USA and UK in this regard. competitiveness are briefly tabulated below: With the decline in the manufacturing sector following the COVID The support of a proactive government is paramount. Six sectors that have a significant potential for technological It was further extended up to December 31, 2020 or the date of release of the new policy, whichever is earlier. manufacturing' has been a responsibility borne by businesses, Government of Gujarat to revive, restore  and gear up the socio-economic activities. Public-private partnership policy applicable from 2015 to 2019, was extended until the launch of GIP Investment upto INR 0.5bn (~USD 6.67mn) and turnover upto INR Mondaq uses cookies on this website. The earlier industrial policy of the state was published in 2015 that came to an end in December 2019. 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. 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