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Gujarat creating a sustainable eco-system to achieve Atmanirbharta - Vijaybhai Rupani, Gujarat Chief Minister

Aug 29, 2020

  • CM launches new Gujarat Industrial Policy 2020, invites industry to invest in the State


NEW DELHI, 29 August 2020: Mr Vijaybhai Rupani, Chief Minister, Gujarat today launched the new Gujarat Industrial Policy 2020. He said that Gujarat is one of the first states in India that is creating an eco-system to attain Atmanirbharta. 


Addressing the webinar, 'Gujarat Industrial Policy- Heralding Progress & Sustainability', organized by iNDEXTb, jointly with FICCI as the industry partner, Mr Rupani expressed hope that a strong industrial framework will play an important role in achieving the Prime Minister's Atmanirbhar Bharat vision. "I invite you (industry) to come and invest in the state. I am confident that together we will work to achieve the vision of an Atmanirbhar Bharat," he said. 


Mr Rupani stressed on Gujarat being one of the first states in India that is creating a sustainable eco-system to attain Atmanirbharta. Even during the lockdown, a lot of foreign companies approached the state to start their operations, he noted. "With a well-defined industrial eco-system in Gujarat, the state will also play a key role in the overall development of the country in future," he added. 


Mr Rupani further said that India today has become an important part of the global value chain. Gujarat is a state that is driven by a favourable industrial eco-system, large market, political stability, and policies. It offers huge potential for global investments in the state, he added. 


Highlighting the features of the new Gujarat Industrial Policy 2020, Mr Rupani said that Gujarat has always been a policy-driven state. "To overcome the crisis faced by the industry due to the pandemic, the government will provide all the necessary support that the industry requires. This policy will take industrial growth in the state to new heights and will redefine economic growth as well," he said. 


Mr Rupani mentioned that the state government has adopted the policy of minimum government and maximum governance. "Our friendly business approach is building confidence amongst the investors. There has been a lot of industrial development in the state, in including sectors like auto, chemical, petrochemical, drugs, pharmaceuticals, cement, engineering, ceramics, textile, gems and jewellery," he added. 


Highlighting the achievements of the state, Mr Rupani said that Gujarat attracted the highest FDI in the country last year. Further, inviting industries to invest in the state, he said that Gujarat has introduced a single-window clearance process for industries. "We are upgrading and adding new capacities to our ports. We are also building a new Bulk Drug park and Medical Devices park in the state along with India's largest greenfield airport. Ease of doing business is a top priority for the government," he said. 


The Chief Minister also said that the government is adopting new digital technologies to ensure that the approval process is fast and streamlined. "We have also ensured to provide relief to new businesses under the labour laws and the Industrial Disputes Act has also been redefined. We are also focusing on the development of MSMEs and ensuring that they get adequate government support as well as proper finance from banks. Gujarat also has the lowest unemployment rate in the country," Mr Rupani added. 


Dr Sangita Reddy, President, FICCI said that the new Gujarat Industrial Policy 2020 is not just an industrial policy, but an outstanding invitation for partnership. "The policy provides for employment, adoption of state-of-the-art technology in manufacturing, focus on innovation & research to drive the manufacturing and create a business ecosystem to catalyse growth in an inclusive & balanced manner," she added. 


Mr Harsh Pati Singhania, Past President, FICCI and VC & MD, JK Paper said that the new industrial policy is very progressive and will attract a lot of industries in the state. He further said that this policy will also help in creating new employment opportunities in the state. 


Mr Sanjiv Mehta, Vice President, FICCI and CMD, Hindustan Unilever Ltd said that 'Dream Big, Act Big' is what sets Gujarat apart and it is very much visible in the new Gujarat Industrial Policy 2020. This policy only reinforces our intention to further invest in the state of Gujarat.


Mr Deepak Mehta, Chairman, FICCI Gujarat State Council said that Gujarat Industrial Policy focusses on exports. It is also giving a lot of emphasis on Research & Development which will make the industry more sustainable. He added that 50 percent of the India's chemical production is from Gujarat. "I am confident that this policy will help double this production in next 5 years. This policy is going to boost the Hon'ble PM's wish of Atmanirbhar Bharat," said Mr Mehta.

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