The Gujarat government sanctioned investments exceeding Rs 1,371 crore under the ‘Atmanirbhar Gujarat-2022’ scheme in a meeting led by Deputy Chief Minister Harsh Sanghavi. These investments target major industrial projects statewide to boost industrial infrastructure and create job opportunities. Specific sectors like chemicals in Bharuch, food and agro in Himatnagar, and minerals in Vadodara will receive substantial investment support.
The approved projects will enjoy incentives such as Net SGST relief, interest support, and EPF reimbursement. The government aims to attract global investments to Gujarat by streamlining approval processes for large projects, reducing delays for investors. An online module through the Investor Facilitation Portal (IFP) has been implemented, enabling quick and transparent processing without physical document submissions.
In a move to bolster the textile sector, the State Empowered Committee, chaired by Sanghavi, granted financial aid to 11 new units under the ‘Assistance Scheme for Strengthening Specific Segments in the Textile Value Chain-2019.’ These projects are anticipated to draw Rs 668.34 crore in new investments and create around 1,478 direct jobs. Over the next five years, the government plans to offer approximately Rs 202 crore in support, including interest subsidies and power tariff assistance.
Key officials at the meeting included Dr. T. Natarajan, Mamta Verma, P. Swaroop, and Apoorv Shah, emphasizing Gujarat’s commitment to fortify industrial and textile sectors, boost employment, and attract both domestic and global investors.
