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ASSOCHAM, 4th Floor, YMCA Cultural Centre and Library Building, 01, Jai Singh Road, New Delhi - 110001. Promotion of Micro, Small and Medium Enterprises (MSMEs) MSMEs play a vital role in achieving balanced growth and in creating employment opportunities. Gujarat Chief Minister Vijay Rupani speaks on "Gujarat: The growth engine and its contribution towards achieving five billion economy for new India" at Special State Session at a webinar at Assocham Foundation Week 2020 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. ”, where Large industries will be provided up to 12% of fixed capital investment (FCI) to set up manufacturing operations in the state in form of capital subsidy. This is 51% of total IEMs filed in the country. Gujarat announces its Industrial Policy, 2020. All Rights Reserved. INDIA, MSME-D Branch No. Gujarat stands first in terms of number of Industrial Entrepreneurship Memorandum. Gujarat Govt launched ‘Atmanirbhar Gujarat Sahay Yojna’ to provide loans to small businessmen. The policy will announce capital and interest subsidy for MSMEs. There are over 100s of MSMEs multiproduct activity clusters spread across … The maximum support will be up to Rs 50 lakh. Rupani added that the recently released Gujarat Industrial Policy, 2020, has received encouraging feedback. AffairsCloud YouTube Channel - Click Here. 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. i.It will Provide incentives to private industrial parks and also provide ‘relocation incentives’ to the units who look to relocate in wake of Covid-19 pandemic, particularly from China. Acquisition of foreign technologies by MSMEs Karnataka, Tamil Nadu, and Uttar Pradesh unveil a new electronics manufacturing policy. In the policy, the state has announced some major incentives for MSMEs looking to solar. 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. The Gujarat Single Window Clearance Act 2017 and the Gujarat MSME Act 2019. In FY 2019-20, Gujarat saw the highest national increment of 240% in FDI inflows from previous year as against a growth of 14% in FDI in India Key Features of the Gujarat Industrial Policy 2020 Gujarat is the first state to undertake a bold decision to de-link incentives from SGST Gujarat stands first in terms of number of Industrial Entrepreneurship Memorandum (IEM). 1, 4th Floor, Udyog Bhavan, Gandhinagar 382 010. 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 State Government of Gujarat is committed to reinforce the industrial activities and to bring economic activities back on track. 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This policy shall be valid for a period of five years from 7 th August, 2020. The state is preparing a separate Services Sector Policy, Incentives to private developers & Tribal Talukas. 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 It will Provide incentives to private industrial parks and also provide ‘relocation incentives’ to the units who look to relocate in wake of Covid-19 pandemic, particularly from China. – 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. i.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. 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. Email: assocham@nic.in. 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). 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. Note– Irrespective of any sector, the thrust on 100% export oriented units will be given. Karnataka and Tamil Nadu announce information technology policies. 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. Governor– Acharya Devvrat, Under the new policy Gujarat will become the. Office of the MSME Coommissionerate, Block No. The Gujarat government has announced the Industrial Policy 2020 for the state, with an expected average annual outlay of up to Rs 8,000 crore. The new policy will allow to lease out government land to industrialists on long term lease of up to 50 years at 6% of the market rate. The policy will … – 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. ii.Relocation incentives- For this purpose the state has already held meetings with Japan, United States, Germany and UK. The new policy is in line with the Atma Nirbhar Bharat Abhiyan. i.The new policy provides for appointment of relationship managers by the Industrial Extension Bureau (iNDEXTb) that hosts the biannual Vibrant Gujarat summit. Lease out government land to industrialists. 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. The State has attracted large number of investments in the past, yet there has been a shortage of sector-specific high-quality manpower. These managers are meant to be the single point of contacts for investors. 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 … Why Gujarat is known as a Growth Engine for New India in this Contemporary Period of Time? Uttar Pradesh approves a startup policy to set up 100 incubators in the state. The notification is for recruitment of Gujarat Administrative Officer, Professor & Others. The new purchase price stands at Rs 2.25 per unit against Rs 1.75. iii.The policy will announce capital and interest subsidy for MSMEs. Gujarat. © Copyright 2020 Ministry of Micro, Small and Medium Enterprises. 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. 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’. Achievement of previous Industrial Policy. 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