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The maximum support will be up to Rs 50 lakh. 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 … Subscribe Current Affairs PDF 2020 - Pocket, Study and Q&A(English & Hindi), Buy Crack High Level Questions PDF - Puzzles, DI and English, We are Hiring: Subject Matter Expert (English/Reasoning/Aptitude) – Freelancer/Full Time, SBI SO Recruitment 2020 - 459 Posts (Out): Check Exam Date, Vacancy, Eligibility, Repco Bank Officer on Special Duty Recruitment 2020 – 06 Posts, BOB Security Officer Recruitment 2020 – 27 Posts, BOB Fire Officer Recruitment 2020 – 05 Posts, Central Bank of India Director RSETI-Etawah Recruitment 2020, SII Partnered with Gavi and the Bill & Melinda Gates Foundation to Accelerate the Manufacture & Delivery of COVID-19 vaccines for India, Noor Inayat Khan, Britain’s World War II Spy Became the 1st Indian-origin woman to honoured with a Memorial Blue Plaque, SBI to Receive Human Capital Management Excellence Award 2020 for its HR initiative, ”Nayi Disha”, India co-sponsors UNSC Resolution for Greater Participation of Women in Peacekeeping Forces, Current Affairs Quiz: 20 & 21 December 2020, IBPS RRB Officer Previous Year Question Paper, IBPS RRB Office Assistant Previous Year Question Paper, RBI Grade B Officer Previous Year Question Paper, RBI Grade B Phase 2 Exam Previous Year Question Paper, RBI Assistant Previous Year Question Paper, Bank of Baroda PO Previous Year Question Paper, United India Insurance AO Previous Year Question Papers, UIIC Assistant Previous Year Question Paper, NICL Assistant Previous Year Question Paper, OICL Assistant Previous Year Question Paper, FCI Assistant Grade III Previous Year Question Papers. 2. The policy will announce capital and interest subsidy for MSMEs. 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 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”. Kiri Industries said it will invest Rs 3,000 crore in Specialty Chemicals. The new Industrial policy is divided in 15 thrust areas in core sectors and sunrise sectors. ”, 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. 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. Success of previous Industrial Policy. It aims to provide an estimated Rs 40,000 crore as subsidies to industries in the next 5 years. – 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. 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 State has attracted large number of investments in the past, yet there has been a shortage of sector-specific high-quality manpower. The maximum support will be up to Rs 50 lakh. 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. i.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 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 INDIA, MSME-D Branch No. 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. The Industrial Policy 2020 has been drafted with this agenda at its core and the policy aims to further ease the regulatory mechanism and procedure by strengthening the helpdesks, disseminatio n of information and a strong mechanism to collect investor feedback. 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 is in line with the Atma Nirbhar Bharat Abhiyan. ii.The state government has still not taken a decision about hosting the summit in January 2021. Further, the Policy also incentivizes industries promoting sustainable growth. 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