Has Gujarat Approved Rs 1,086 Cr Investment Proposals from 15 Industries to Generate Over 3,600 Jobs?
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Synopsis
The Gujarat government has greenlit significant investment proposals totaling Rs 1,086 crore from 15 industries, promising the creation of nearly 3,700 jobs. This strategic move is part of the state's initiative to enhance its industrial landscape and attract more investments, reinforcing its status as an investor-friendly destination.
Key Takeaways
- Gujarat government approves investment of Rs 1,086 crore.
- Projects expected to create 3,697 jobs.
- Investments target diverse sectors including auto components and plastics.
- Support through Net SGST reimbursements.
- Gujarat aims to enhance its industrial ecosystem.
Gandhinagar, July 22 (NationPress) The Gujarat state government has sanctioned investment proposals exceeding Rs 1,086 crore from 15 prominent industrial units as part of the ‘Incentive to Industries’ initiative.
The approvals were made during a pivotal committee meeting led by Industries Minister Balvantsinh Rajput in Gandhinagar. These initiatives are projected to create approximately 3,697 new job opportunities across multiple districts within the state.
Minister Rajput noted that Gujarat, under Chief Minister Bhupendra Patel, has become a favored location for investors, thanks to its supportive industrial policies. The endorsed projects encompass diverse sectors such as auto components, plastics, ceramics, and metals.
Key investments include Rs 459.54 crore in Ahmedabad, Rs 237.48 crore in Panchmahal, and Rs 224.03 crore in Vadodara, along with notable contributions in Patan, Mehsana, and Morbi.
The industries will benefit from Net SGST reimbursements under the state's 2015 industrial policy. Rajput pointed out that the cumulative effects of the initiative thus far include investments surpassing Rs 1.48 lakh crore and the establishment of over 1.65 lakh direct jobs.
He underscored the support extended to MSMEs and ancillary units, fostering a robust and industry-friendly environment throughout the state.
The meeting featured senior officials, including Additional Chief Secretary (Revenue) Dr. Jayanti Ravi, Principal Secretary (Forest & Environment) Sanjeev Kumar, Secretary (Economic Affairs) Aarti Kanwar, and Industries Commissioner P. Swaroop.
According to the Annual Survey of Unincorporated Sector Enterprises (ASUSE), Gujarat's informal sector added around 7.62 lakh jobs between 2015-16 and 2022-23, raising total employment in this sector from approximately 61.1 lakh to 68.8 lakh jobs.
In addition, under the Prime Minister’s Employment Generation Programme (PMEGP), the state created about 14,960 jobs in 2015-16, 11,629 in 2016-17, and 15,008 in 2017-18.
Through public sector placements facilitated by Employment Exchanges, Gujarat provided jobs to 2.74 lakh youths in 2022, representing 43 percent of all youths placed through these exchanges nationwide that year; from 2018-19 to 2022-23, over 15 lakh candidates secured jobs through more than 7,000 recruitment fairs organized by the state.
Point of View
This initiative by the Gujarat government highlights its commitment to fostering economic growth and job creation. By attracting substantial investments, the state is not only enhancing its industrial capabilities but also setting a precedent for other regions to follow in promoting a vibrant economic ecosystem.
NationPress
22/07/2025
Frequently Asked Questions
What is the total investment approved by Gujarat government?
The Gujarat government has approved investment proposals totaling over Rs 1,086 crore.
How many jobs are expected to be generated?
Around 3,697 new jobs are expected to be created across various districts.
Which sectors are included in the approved projects?
The approved projects span sectors such as auto components, plastics, ceramics, and metals.
What support will industries receive?
Industries will receive support in the form of Net SGST reimbursements under the state's 2015 industrial policy.
How many jobs were created under PMEGP in recent years?
Under the PMEGP, around 14,960 jobs were created in 2015-16, 11,629 in 2016-17, and 15,008 in 2017-18.
