The Gujarat government has given the green light for investment-linked assistance to 23 industrial units valued at more than Rs 1,607 crore. This move is anticipated to result in around 5,634 job opportunities spanning various districts. The approvals were finalized during a meeting overseen by Deputy Chief Minister Harsh Sanghavi, where eligibility certificates for state support were endorsed.
The sanctioned assistance aims to boost industrial operations and enhance employment prospects within the state. Out of the approved units, 22 fall under the Industrial Policy-2015 (Incentives to Industries), with a cumulative proposed investment of Rs 770.29 crore. Additionally, a separate proposal involving an investment of Rs 837.67 crore by a unit in Panchmahal district was approved under the Aatmanirbhar Gujarat Scheme-2022.
The assistance package comprises Net SGST support, interest subsidies, and EPF reimbursements, all tailored to reduce companies’ operational expenses and promote expansion. These measures are also expected to benefit smaller enterprises associated with larger industrial units, especially in the MSME sector. District-wise allocations demonstrate a distribution across key industrial zones.
Ahmedabad secured Rs 186.77 crore in the auto sector, while Surat was granted Rs 148.34 crore spanning textile, paper, and related sectors. Bharuch received approvals worth Rs 186.57 crore in the chemicals sector and Rs 81.09 crore in the metals and minerals sector in Gandhinagar. Other allocations include Rs 57.90 crore in Sabarkantha, Rs 26.07 crore in Banaskantha for agro-products, Rs 25.89 crore in Mehsana for engineering, Rs 13.30 crore in Valsad for engineering, Rs 9.82 crore in Rajkot for auto, and Rs 18.74 crore in Surendranagar for metals.
Panchmahal district garnered approvals totaling Rs 853.47 crore across two proposals. Officials mentioned that these approvals are poised to generate approximately 5,634 job opportunities in the state, paving the way for new avenues of economic advancement for the youth. Gujarat’s ability to attract investments is credited to its robust industrial ecosystem and supportive policies. The meeting was attended by State Industries and MSME Minister Jayram Gamit, along with senior officials from various departments.
