GANDHINAGAR: Although the prevailing industrial policy has been prolonged till the year finish, the Gujarat authorities is all set to shortly announce a new industrial policy to assist industries jack up their current manufacturing capacities and employment.
Apart from a significant emphasis on organising extra turnkey initiatives, the new industrial policy shall be loaded with incentives to cut back land prices for industries, claimed sources within the division of industries and mines.
Thrust sectors like electrical equipment and gear, auto and auto parts, ceramics and prescription drugs have been recognized by the federal government to be given extra incentives.
The authorities has categorised talukas into three classes based mostly on whether or not they’re developed, growing or under-developed. Industries will get various incentives for organising industries in numerous classes.
Sources added that the motivation policy for big industries is aly masking concessions in SGST, electrical energy responsibility and different parts.
“These concessions will continue in the new policy,” sources said. The state authorities additionally plans to offer land for industries at concessional value or ease the phrases of lease to cut back general prices to traders.
Karnataka cupboard approves new industrial policy for 2020-2025