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CM: Gujarat open to welcome foreign industries and investments post COVID-19 crisis

    Chief Minister of the state Mr. Vijay Rupani has made a blueprint for Gujarat in a post COVID-19. The measures are a clear portrayal of his vision to ensure that the state and its people are able to recover from the crisis as soon as possible through a thriving industrial growth.

    At present, a large number of industries and MNCs from Japan, USA, Korea and other European nations are willing to shift their production from China to other countries.

    As a part of the same, Mr. Rupani held a high level meeting in order to attract and encourage global industrialists , business tycoons and investors in Gujarat. This will not only strengthen the state’s industrial growth but provide plethora of employment opportunities to the population.

    In order to ensure that India, especially Gujarat is at the focus of such opportunities, the Chief Minister has taken a number of important decisions for the same.

    33 thousand hectares of land is available for industrial use in Khoraj, Sanand, Dahej SEZ Saykha, Dholera SEZ and other private SEZs. It has been decided that the details for the same and Plug and Produce facility will be available through a GIS based Land bank system.

    Gujarat registered FDI worth ₹ 24 thousand crores in the first quarter of 2019-20. In addition to that, 2574 industries and 734 factories have been established in the last three years. The state contributes 51% to IEM. All this has been made possible due to  fast paced and transparent approvals, and an ambient ecosystem for investment.

    The Chief Minister has also decided that the process of approvals for new industries that wish to establish themselves in Gujarat will be 100% online. They will be allocated land within 7 days and all the necessary permissions related to the same shall be provided in 15 days of their application.

    The Department of Industries and Mines, GOG in co-operation with the Department of Industrial Promotion , Ministry of Foreign Affairs, GOI has envisioned to contact the embassies and industries of foreign nations in order to establish their units in Gujarat.

    In addition to that, the state government has decided to consult JETRO, KOTRA, USISPF and USIBC in order to encourage their industries to establish their units in Gujarat.

    The Chief Minister has also announced some important labour reforms in the meeting. The new industrial units will be provided with relief from all the related acts and norms for 1200 days . However, they will be bound to follow Minimum Wages, Act, Industrial Safety Rules and The Employee Compensation Act. The CM has directed the Labour Department to create an ordinance for the same.

    The state government shall also facilitate in helping the foreign industries to find joint venture partners in the state.  At present, Gujarat contributes 7.9% to India’s GDP and 20% to the overall exports.

    Principal Secretary to CM Mr. M.K Das, Mr. Vipul Mitra, P.S, Labour and Employment Department were present in the meeting

    Source: Information Department, Gujarat