How is Gujarat Revamping Its Industrial Policy for ‘Viksit Bharat’?
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Synopsis
Discover how Gujarat is transforming its industrial policy to align with the national vision of ‘Viksit Bharat @2047’. This comprehensive strategy aims to create a robust, future-ready ecosystem that fosters innovation and attracts investments, ensuring sustainable growth for a developed India.
Key Takeaways
- Gujarat's industrial policy is being revamped to align with ‘Viksit Bharat @2047’.
- 12 task forces are established to facilitate this transformation.
- The focus is on attracting investments and fostering innovation.
- Key sectors include aerospace, defense, and MSME development.
- The policy includes capital subsidies and regulatory reforms to improve the business environment.
Gandhinagar, May 22 (NationPress) The government of Gujarat has unveiled an extensive revision of its industrial policy framework, aligning it with the national vision of ‘Viksit Bharat @2047’ and the state’s developmental objective of ‘Viksit Gujarat se Viksit Bharat’.
This initiative seeks to establish a data-driven, future-ready policy environment that draws in investments, nurtures innovation, and promotes sustained socio-economic advancement.
As per an official announcement, 12 specialized task force committees have been formed to lead this transformation.
These panels will evaluate current policies, compare them with international standards, pinpoint policy deficiencies, and develop strategies to adapt to changing economic and technological landscapes.
The sector-focused committees will concentrate on areas such as MSME development, industrial infrastructure, environmental regulations, trade and commerce, skill enhancement, and priority sectors like aerospace, defense, startups, and research and development.
A specific committee has been established to improve the ease of doing business and revitalize struggling industrial units. Each committee comprises members from industry associations, academic bodies, chambers of commerce, and research organizations to ensure a comprehensive and collaborative policy formulation process.
Insights and suggestions from these committees will lay the groundwork for Gujarat’s forward-looking industrial policies, positioning the state as a pivotal player in India’s quest to become a developed nation by 2047, as stated.
Currently, Gujarat is governed by the Gujarat Industrial Policy 2020, which remains in effect until August 2025. This policy aims to enhance the state’s manufacturing ecosystem and attract investments across diverse sectors.
It offers incentives for 15 identified priority sectors, including core industries like electrical machinery, auto components, and pharmaceuticals, as well as emerging sectors such as electric vehicles, green energy, and Industry 4.0 technologies.
The policy provides capital subsidies of up to 12 percent of fixed capital investment for large and mega projects, disassociating incentives from the State Goods and Services Tax (SGST) to deliver direct financial assistance.
Moreover, it underscores the ease of doing business through regulatory reforms, single-window clearances, and simplified land acquisition procedures. Support for Micro, Small, and Medium Enterprises (MSMEs), research and development, skill enhancement, and equitable regional growth are also crucial elements of the policy.
Point of View
Gujarat’s initiative to revamp its industrial policies marks a significant step towards achieving the goal of a developed India by 2047. Such comprehensive reforms not only enhance the state's economic landscape but also contribute to national growth, reinforcing the need for collaboration between state and central governments. Ensuring a robust policy framework is essential for fostering innovation and attracting investments in a rapidly evolving global economy.
NationPress
27/07/2025
Frequently Asked Questions
What is the aim of Gujarat's new industrial policy?
The aim is to create a comprehensive, data-driven policy framework that attracts investments, fosters innovation, and promotes long-term socio-economic growth in line with the national vision of ‘Viksit Bharat @2047’.
How many task force committees have been established?
A total of 12 specialized task force committees have been constituted to lead the transformation of Gujarat's industrial policy.
What sectors will the committees focus on?
The committees will focus on various areas, including MSME development, industrial infrastructure, environmental regulations, trade and commerce, skill development, and key sectors such as aerospace and defense.
What incentives are provided under the Gujarat Industrial Policy 2020?
The policy offers capital subsidies of up to 12% of fixed capital investment for large and mega projects and incentives for 15 identified thrust sectors.
What is the significance of these reforms?
These reforms are significant as they aim to position Gujarat as a key player in India's journey towards becoming a developed nation by 2047, ensuring a robust industrial ecosystem.
