\n\nCore Sectors<\/em><\/strong><\/p>\n<\/td>\n\nSunrise Sectors<\/em><\/strong><\/p>\n<\/td>\n<\/tr>\n\n\n\nIndustrial Machinery and equipment<\/li>\n Electrical machinery and equipment<\/li>\n Gems and Jewelry<\/li>\n Auto and Auto Components<\/li>\n Agro and Food Processing<\/li>\n Ceramics<\/li>\n Technical Textiles<\/li>\n Pharmaceuticals and Medical devices<\/li>\n Chemicals (in designated area)<\/li>\n<\/ul>\n<\/td>\n\n\nWaste management projects<\/li>\n Eco-friendly compostable material(substitutes to traditional plastics)<\/li>\n Electric Vehicle & its components<\/li>\n Green Energy (Solar & Wind Equipment)<\/li>\n Industry 4.0 manufacturing<\/li>\n 100% Export Oriented Units, irrespective of sector<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\nIn the present condition, companies were being compensated as per \u201cNet SGST\u201d since GST has been executed on goods sold within the state. Moreover, Gujarat is also known to be the first state to take on a bold decision to de-link incentives from State GST.\u00a0Therefore, for setting up manufacturing establishment in the state in the form of capital subsidy Up to 12% of Fixed Capital investment will be given to industries which are based largely.<\/p>\n\n\n\n
Durability of\nBenefits: – <\/em><\/strong>This\nbenefit will be given subject to annual ceiling of INR 40 Crore over a period\nof 10 years.The eligible period of 10 years will be postponed upto more 10\nyears conditioning that annual ceiling will remain Rs. 40 crore per-annum if\nthe eligible cash-subsidy could not be pay out within period of 10 years due to\nupper ceiling of the same amount.<\/p>\n\n\n\nMoreover,\nall new industries will continue to fetch exemption from Electricity Duty for the\nperiod of 5 years. Considering the above explanation, it can be said that Gujarat\nwill be giving significantly high incentives to industries in comparision to\nother states in India.<\/p>\n\n\n\n
<\/span>What\nare the Incentives Provided for MSME\u2019s by the Gujarat Industrial Policy 2020?<\/span><\/h2>\n\n\n\nA\nlarge number of units will be able to take advantages of the provisions under\nMSME policies which are in alignment with the Government of India definition of\nMSME.<\/p>\n\n\n\n
The Gujarat Industrial Policy 2020 focuses to promote MSMEs with an aim to make domestic MSMEs globally competitive in the global platform by upgradation of all sorts of technologies in marketing their products internationally by adopting globally accepted certifications.<\/p>\n\n\n\n
Capital Investment Subsidy<\/h3>\n\n\n\nCapital\nInvestment Subsidy has been provided at the rate of 25% with the maximum amount\nof INR 35 Lakhs of eligible loan amount.<\/li> Furthermore,\nthe unit will be eligible for an additional capital subsidy upto Rs. 10 lakhs\nif in case the eligible fixed capital investment is above Rs. 10 crores.<\/li><\/ul>\n\n\n\nInterest Subsidy<\/h3>\n\n\n\nThe\nGujarat Industrial Policy 2020 will provide Interest Subsidy of 7% for a period\nof 7 years with the maximum amount INR 35 Lakhs per annum<\/li> Moreover,\n1% Additional Subsidy for have been proposed towards SC\/ST, Women entrepreneurs\nand physically challenge.<\/li> Additional\n1% Subsidy below the age of 35 years for Young Entrepreneur on the date of\nsanction of loan.<\/li><\/ul>\n\n\n\nMSMEs\nService Sector <\/h3>\n\n\n\n Service\nsector under MSME is known to be a major contributor to the national Gross\nDomestic Products, where many services are key inputs to facilitate primary and\nsecondary industries in India. Few examples occupies, Financial Services\nHealthcare Services, Audio Visual services, Construction related engineering\nservices, Environmental services, etc.<\/p>\n\n\n\n
Acquisition\nof foreign technologies by MSMEs<\/h3>\n\n\n\n The\nstate Government under The Gujarat Industrial Policy 2020 will provide support\n65% which will imply Maximum support upto INR 50 lakh of the cost of acquiring patented\nforeign technologies. This also ensures to help in making them globally\ncompetitive by the raise of manufacturing powers of our MSMEs.<\/p>\n\n\n\n
MSMEs\nto get Market Development Assistance <\/h3>\n\n\n\n The\nGujarat Industrial Policy 2020 will provide financial assistance to MSMEs in\norder to encourage MSMEs to market their products and services at a national\n& global level. The support will occupy the following attributes:- Rate of 75%\nof stall rent upto INR 2 lakh for demostration in India and, rate of 60% of\nstall rent upto INR 5 lakh for demonstration Outside India.<\/p>\n\n\n\n
Use\nof Solar Power by MSMEs<\/h3>\n\n\n\n The\npower cycle of consumption of units for calculation has been increased from 15\nminutes to 7 AM \u2013 6 PM to work towards the aim to further ease the process of\nmake use of rooftop Solar Power in the premises of MSMEs.<\/p>\n\n\n\n
In\naddition, the price has been made increase to INR 2.25\/unit from INR 1.75\/unit\nfor purchase of surplus solar power from the MSMEs. Moreover, Interest Subsidy\nwill be provided on term loan for the existing industries who switch to use\nSolar Power. <\/p>\n\n\n\n
Concurrent\nBenefits<\/h3>\n\n\n\nImplementation\nof ERP (Enterprise Resource Planning),<\/li> Implementation\nof ICT (Information & Communication Technology),<\/li> Obtaining\nZED certification<\/li> Service\nline<\/li> Patent\nfiling,<\/li> Power\nConnection charges Rent assistance,<\/li> Obtaining\nquality certifications, etc.<\/li><\/ul>\n\n\n\n<\/span>What\nare the Incentives Provided to Start Ups by the Gujarat Industrial Policy 2020?<\/span><\/h2>\n\n\n\nThere\nare various Incentives Supports that are provided to Start Ups under the\nGujarat Industrial Policy 2020. Those are given below for your understanding.<\/p>\n\n\n\n
Seed Support:- INR 30 lakh (Earlier INR 20 lakh)<\/li> Sustenance Allowance: INR 20,000 (Earlier INR 10,000)<\/li> With 1\u00a0Woman\u00a0Co-founder: INR 25,000<\/li><\/ul>\n\n\n\nSeparate\nStart-up Fund<\/h3>\n\n\n\n A\nseparate fund shall be created for mid-level Pre-Series- A funding of start-ups\nunder GVFL (Gujarat Venture Finance Limited). In above and beyond, these\nstart-ups will get upto 9% on term loans at the rate of 1% Interest subsidy.<\/p>\n\n\n\n
Societal\nImpact<\/h3>\n\n\n\n For\nstart-ups with significant impact on society, the Gujarat Industrial Policy\n2020 will grant upto INR 10 lakh.<\/p>\n\n\n\n
Acceleration\nprograms <\/h3>\n\n\n\n The Gujarat\nIndustrial Policy 2020 will provide the fiscal support upto INR 3 lakh per\nstart-ups in accordance to provide enrollment for national\/international\nstandardized acceleration programs.<\/p>\n\n\n\n
Soft\nSkill & Mentoring Support<\/h3>\n\n\n\n The Gujarat\nIndustrial Policy 2020 will provide funding of upto INR 1 lakh per start-ups\nfor trainings specific to \u201cManagerial Training, Fundraising, Soft Skills,\nMarketing skills, Finance\u201d on reimbursement basis. Moreover, there is also a mentoring\nassistance of INR 1 lakh with maximum INR 15 lakh per annum- per institute- per\nstart-ups will be given to recognized Nodal Institutes<\/p>\n\n\n\n
<\/span>Will there be any Relocation Incentives provided\nin the Light of Covid-19?<\/span><\/h2>\n\n\n\nYes,\nseveral industries are setting up to relocate their operations and\/or diversify\nsupply chains in light of CoVID-19. In that cause of action, Gujarat will\noffer Special Incentives to\nrelocate from other countries to such companies who are planning for the said\ncause.<\/p>\n\n\n\n
<\/span>What\nare the Parameters brought in to the Context by the Gujarat Industrial Policy\n2020 to Promote Balance Regional Development?<\/span><\/h2>\n\n\n\nThe Gujarat Industrial Policy\n2020 has cautiously dealt with the significance of the context to promote\nadequate balance in the Regional development. Those measures are given below:<\/p>\n\n\n\n
Government Land for\nLong Term Lease<\/h3>\n\n\n\n The state\ngovernment will facilitate industries to fetch \u201cGovernment Land\u201d on long term\nlease up to 50 years which is further extendible as per prevailing policy in order\nto further provide a thrust to a balanced regional development in the state, to\nindustrial enterprises @6% of the market rate. Moreover, the industries will be\nable to mortgage the land also in consonance with adequate terms and conditions.<\/p>\n\n\n\n
Benefits related to Increments<\/h3>\n\n\n\n The\nincentives to all MSMEs and large industries have been categorized to promote a\nbalanced regional development in the state based on industrial development in\nrespective categorized talukas. Moreover, the incremental benefits will be\ngiven in industrially to the less developed talukas setting up operations.<\/p>\n\n\n\n
Progress of Research\nand Development<\/h3>\n\n\n\nThe Gujarat Industrial Policy 2020 will\u00a0provide\u00a0assistance upto\u00a0\u00a0 INR\u00a05\u00a0crore for setting up R&D and product development centres to\u00a0 private companies\/institutions. <\/li> The Gujarat Industrial Policy 2020 will provide assistance in consideration at the rate of 50% of project cost, withut counting cost of land and building, subject to maximum INR 50 Lakhs for Sponsored\/Contract research work from any Industrial association\/ industrial enterprise to recognized R&D institution \/ technical collages approved by \u201cAll India Council for Technical Education\u201d. <\/li><\/ul>\n\n\n\n<\/span>What are the\nPromotional measures Connected to the Development of Industrial Infrastructure\nunder the Policy?<\/span><\/h2>\n\n\n\nThere are visible measures those are connected to the\nDevelopment of Industrial Infrastructure under the Policy, which are as\nfollows:-<\/p>\n\n\n\n
Setting up Private\nIndustrial Parks<\/h3>\n\n\n\nThe\nGujarat Industrial Policy 2020 will provide incentives to private developers\nfor establishing the required set up “Private Industrial Parks” in the\nstate @25% of Fixed Capital Investment upto INR 30 Cr.<\/li> The\nGujarat Industrial policy will support setting up of industrial parks in case\nof Vanbandhu Talukas, at the rate of 50% of Fixed Capital Investment upto INR\n30 crore. This assistance will support industrial developing last-mile\nconnectivity as well as infrastructure creation in the state.<\/li><\/ul>\n\n\n\nReimbursements of\nStamp Duties <\/h3>\n\n\n\n The\npolicy also speaks about the Stamp duty reimbursements which will be given to\nDevelopers with 100% of Stamp Duty, and Individual units at 50% of stamp duty.<\/p>\n\n\n\n
Promote Clusters\nDevelopment<\/h3>\n\n\n\n Financial\nassistance of up to 80% of the Project Cost including INR 25 Crore has been set\nup by the Gujarat Industrial Policy 2020 in order to promote clusters for set\nup of “Industrial Infrastructure” such as construction and up\ndevelopment of roads, fire stations, underground utilities, warehousing\nfacilities, etc. will be offered.<\/p>\n\n\n\n
Dormitory Housing for Labourers in\nIndustrial Clusters<\/h3>\n\n\n\n The Gujarat\nIndustrial Policy 2020 will provide 80% of financial assistance upto INR 25\ncrore for Dormitory Housing in manufacturing clusters for labourers in\nindustrial clusters to provide better living conditions.<\/p>\n\n\n\n
<\/span>What are the\nBeneficial Steps taken by the Gujarat Industrial Policy 2020 in Order to connect\nthe world of Sustainable Manufacturing and Environment Infras?<\/span><\/h2>\n\n\n\nThere\nare numerous Beneficial Steps taken by the Gujarat Industrial Policy 2020 in\nOrder to connect the world of Sustainable Manufacturing and Environment Infras,\nwhich are as follows:-<\/p>\n\n\n\n
Zero Liquid\nDischarge – Waste Recovery<\/h3>\n\n\n\n 50%\nof capital subsidy will be given to industries upto INR 75 lakhs, who is\ncontinuously practicing at least 50% waste recovery through \u201cZero Liquid\nDischarge\u201d as authorised by Gujarat Pollution Control Board.<\/p>\n\n\n\n
Incentives for\nCleaner Production Measures<\/h3>\n\n\n\n The Gujarat\nIndustrial Policy 2020 will give Incentives to MSMEs for Exection of cleaner\nproduction technology in place of existing process such as “substitution\n& optimization” of raw material, reduction upto in energy consumption or\nwater consumption or waste generation @35% of cost of Plant & machinery and\nto Bigger units @10% of cost of Plant & machinery with maximum of INR 35\nlakh<\/p>\n\n\n\n
Support for\nEnvironment Infrastructure<\/h3>\n\n\n\n The Gujarat\nIndustrial Policy 2020 will offer Support for Common environment infrastructure\nfacilities increased to 40% from existing 25% of the project cost uptill INR 50\nCr.<\/p>\n\n\n\n
Improvement of\nGreen Estates<\/h3>\n\n\n\n It\nis also to be noted that assistance of up to 25% of project cost upto INR 25\ncrore for set up\/ retrofitting\/ relocation of existing polluting industrial\nunits into Green Industrial Estates.<\/p>\n\n\n\n
Common Boiler\nProject<\/h3>\n\n\n\n According\nto the Gujarat Industrial Policy 2020, incentives upto 50% of fixed\ninstallation cost upto INR 2 crore will be given to Common Boiler Project by\nSPV constituted by bare minimum 10 MSME\u2019s.<\/p>\n\n\n\n