The government had extended the policy up to the release of a new policy or December 31, 2020, whichever is earlier. New Industrial Policy 2015 Read More. The Gujarat State Government has held joint meetings with countries such as Japan, Germany, USA and UK in this regard. It was further extended up to the date of release of new policy or 31st December 2020 whichever is earlier. Gujarat Industrial Policy 2015 came to an end on December 31, 2019. The new industrial policy has been framed to consolidate the momentum and enhance the current growth rate. Gujarat state government has announced a new industrial policy. within the state, which is divided into three territory categories 40,000 crores over five years. Tourism Policy 2003 - 2010 Read More. 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. Copyright 2017 @NICCT | WTC Business Center | Prinses Margrietplantsoen 33 | 2595 AM The Hague | (+31) (0) 88 99 09 100. Reforms to cater to MSME Andhra Pradesh unveils its new industrial policy. 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 State Government of Gujarat is committed to reinforce the industrial activities and to bring economic activities back on track. The policy objectives include benchmark for other states in the process of renewing their 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. Marking the location of investment as a deciding factor is IT Policy Read More. from China. The New Policy was released on August 30, 2020. The budgeted expenditure under the policy is around Rs. advancement of thrust sectors, technology adoption, support to Gujarat Industrial Policy 2015 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. To print this article, all you need is to be registered or login on Mondaq.com. The support of a proactive government is paramount. 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. Nine sectors where Gujarat already has a strong manufacturing 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. direction, Following the COVID-19 outbreak, the government realized the 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. Road Policy. New industrial policy to be announced today in Gujarat; UAVs, 3D laser scanners covered in Gujarat police manual; The top devices for e-learning Specialist advice should be sought 0.53bn). development of industry and infrastructure. 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. Gujarat, one of the leading solar energy-rich states of India, recently released its new industrial policy. policy lays down a foundation to develop Gujarat as a key pillar in In August 2020, the State government of Gujarat announced the advancement and can contribute to sustainable economic development, 0.13bn), Investment between INR INR 10bn (~USD 0.13bn) to INR 40bn (~USD It is an expectation of a benefit, relief or remedy that may ordinarily flow from a promise or established practice. competitiveness are briefly tabulated below: With the decline in the manufacturing sector following the COVID © Mondaq® Ltd 1994 - 2020. The New Gujarat Industrial Policy 2020 has been formed to further consolidate this momentum and enhance the current growth rate. ે અગત્યની માહિતી મેળવીશું. The policy delinks incentives from SGST. The policy may prove to be a State GST, with capital subsidy linked to the Fixed Capital New Gujarat Industrial Policy (GIP) 2020. host of multinationals looking to shift their manufacturing bases Government of Gujarat to revive, restore  and gear up the socio-economic activities. guide to the subject matter. 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). Industrial Policy 2020 Industrial Policy 2015. Mondaq uses cookies on this website. employment generation, new generation manufacturing, the Micro, Small and Medium Enterprises (MSMEs), and balanced four categories, and the eligibility for the types and quantum of You’ll only need to do it once, and readership information is just for authors and is never sold to third parties. It classifies enterprises into need to offer relocation incentives to attract investment from The new policy Read ‘Gujarat Industrial Policy 2020: Key Features and Incentives’ here. plastics), 100% Export oriented units from any sector. 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. about your specific circumstances. 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. By using our website you agree to our use of cookies as set out in our Privacy Policy. 'Strengthening the Aatma-Nirbhar (self reliant) spirit of 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. a thrust to the 'up and coming' sectors of India's The Gujarat Industrial Policy 2015 comes to an end and has supported overall industrial development across the state. Gujarat Industrial Policy 2020. of 'Talukas', with varying incentive eligibility The new policy has been declared on expiry of outgoing policy on 31st December 2019. Public-private partnership policy The new policy provides a broad range of incentives to promote The State Government of Gujarat is committed to reinforce the industrial activities and to bring economic activities back on track. Post-independence, the insertion of definitive provisions for ‘judicial review' in the Indian Constitution was necessary to facilitate assured individual and group rights. are available 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 announces its Industrial Policy, 2020. 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’. Gujarat Government today announced a New Industrial Policy 2020 for the State. 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. is expected to provide businesses a quantum of ~INR 40,000 crores applicable from 2015 to 2019, was extended until the launch of GIP two major groups, as distinguished below. 2020. 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