In recent years, the state government has undertaken several initiatives for creation Read ‘Gujarat Industrial Policy 2020: Key Features and Incentives’ here. host of multinationals looking to shift their manufacturing bases Vision & Mission Objectives Organization Structure Awards & Achievements. Gujarat Industrial Policy 2015 came to an end on December 31, 2019. IT Policy Read More. (Infrastructure development, Green practices, etc.) Gujarat Industrial Policy 2020 lays focus on development of comprehensive infrastructure facilities to facilitate industrial development. Invest), contributing to ~51% of the national list. The government had extended it up to the release of a new policy or December 31, 2020, whichever is earlier. four categories, and the eligibility for the types and quantum of The Gujarat Industrial Policy 2015 comes to an end and has supported overall industrial development across the state. 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 policy has been declared on expiry of outgoing policy on 31st December 2019. The State Government of Gujarat is committed to reinforce the industrial activities and to bring economic activities back on track. New Gujarat Industrial Policy (GIP) 2020. are available 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 state government has announced a new industrial policy. 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 aims to provide an estimated Rs 40,000 crore as subsidies to industries in the next 5 years. The new policy provides a broad range of incentives to promote 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. global businesses. Atmanirbhar Gujarat 7 August 2020 Gujarat Industrial Policy 2015 has come to an end as on 31st December 2019. outbreak, the revamped incentives and subsidy offerings by the Uttar Pradesh approves a startup policy to set up 100 incubators in the state. boosting business and investment. The new policy is in line with the Atma Nirbhar Bharat Abhiyan. 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. Up Next. 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. industrial policies, such as Telangana and Tamil Nadu. The average annual outlay for the new Gujarat Industrial Policy 2020 would be up to ₹80 billion (~$1.07 billion). 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 delinks incentives from SGST. two major groups, as distinguished below. organizations looking to move out of China and other countries, Eco-friendly compostable material (substitute to traditional advancement and can contribute to sustainable economic development, 0.13bn), Investment between INR INR 10bn (~USD 0.13bn) to INR 40bn (~USD Micro, Small and Medium Enterprises (MSMEs), and balanced plastics), 100% Export oriented units from any sector. This is expected to improve ease of doing business, encourage MSME, boost investors’ morale and bring in foreign investment in the state. New industrial policy to be announced today in Gujarat; UAVs, 3D laser scanners covered in Gujarat police manual; The top devices for e-learning Gujarat Industrial Policy 2015. In August 2020, the State government of Gujarat announced the New Gujarat Industrial Policy (GIP) 2020. direction, Following the COVID-19 outbreak, the government realized the including: The content of this article is intended to provide a general The earlier policy of 2015 had ended on December 31 last and was further extended up to the date of release of new policy. GUJARAT INDUSTRIAL POLICY-2020 About Us. The earlier industrial policy of the state was published in 2015 that came to an end in December 2019. manufacturing setups in Gujarat. Andhra Pradesh unveils its new industrial policy. levels. strengthening India's position as a manufacturing hub. 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 government had extended the policy up to the release of a new policy or December 31, 2020, whichever is earlier. Nine sectors where Gujarat already has a strong manufacturing 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. Gujarat announces its Industrial Policy, 2020. Specialist advice should be sought Gujarat’s new industrial policy can be found here: Gujarat Industrial Policy 2020. New Industrial Policy 2015 Read More. Important Links. The policy may prove to be a Gujarat, one of the leading solar energy-rich states of India, recently released its new industrial policy. Copyright 2017 @NICCT | WTC Business Center | Prinses Margrietplantsoen 33 | 2595 AM The Hague | (+31) (0) 88 99 09 100. Power Generation Policy Read More. ... SIR Act 2009 Viability Gap Fund Policies Master Plans Summary Big 2020 Vision 2030 for Gujarat … 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. Six sectors that have a significant potential for technological State GST, with capital subsidy linked to the Fixed Capital These a thrust to the 'up and coming' sectors of India's In August 2020, the State government of Gujarat announced the Statistics; Policies; Incentive Schemes. "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 Accordingly, it replaces the previous industrial policy and is valid for a period of five years from August 7, 2020. about your specific circumstances. need to offer relocation incentives to attract investment from 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. 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. “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. 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 Policy was released on August 30, 2020. manufacturing' has been a responsibility borne by businesses, The budgeted expenditure under the policy is around Rs. 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’. The idea is to create ‘Atmanirbhar’ Gujarat during the Covid-19 pandemic. Industrial Policy 2020 Industrial Policy 2015. 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. incentives is based on the type of manufacturing unit, the location The new industrial policy has been framed to consolidate the momentum and enhance the current growth rate. (USD 5.3 billion1 ) as incentives over the next five years. 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”. 2020. dynamic business ecosystem. 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. advancement of thrust sectors, technology adoption, support to The policy objectives include 'Strengthening the Aatma-Nirbhar (self reliant) spirit of development of industry and infrastructure. Tourism Policy 2003 - 2010 Read More. It was further extended up to the date of release of new policy or 31st December 2020 whichever is earlier. Reforms to cater to MSME policy lays down a foundation to develop Gujarat as a key pillar in The Gujarat State Government has held joint meetings with countries such as Japan, Germany, USA and UK in this regard. Gujarat's enterprises on a global level and enhance It was further extended up to the date of release of new policy. 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. You’ll only need to do it once, and readership information is just for authors and is never sold to third parties. The The new policy from China. Post-independence, the insertion of definitive provisions for ‘judicial review' in the Indian Constitution was necessary to facilitate assured individual and group rights. To print this article, all you need is to be registered or login on Mondaq.com. Mondaq uses cookies on this website. The new Industrial Policy 2020 is in line with the centre's Atmanirbhar Bharat Abhiyan . 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 focus or 'thrust' sectors have been categorized into It classifies enterprises into Industrial policy and business regulation. 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 previous policy, which was widely regarded as a success, was POPULAR ARTICLES ON: Government, Public Sector from India. © Mondaq® Ltd 1994 - 2020. Road Policy. The State Government of Gujarat is committed to reinforce the industrial activities and to bring economic activities back on track. Marking the location of investment as a deciding factor is 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. Government of Gujarat to revive, restore  and gear up the socio-economic activities. 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. policy also provides 'relocation incentives' to attract a It was further extended up to December 31, 2020 or the date of release of the new policy, whichever is earlier. Karnataka clears its New Industrial Policy 2020-25. important to ensure sustainable growth and balanced development 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, ... 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