Gujarat - Investment and Industrial Policies
Agro Industrial Policy 2016-21
Gujarat has a vast untapped potential in Agro Industrial Sector. The State has a very high level of production and productivity in several agriculture and horticulture crops in the country. The State has identified Agro & Food Processing Industries as one of the thrust Industries in Industrial Policy 2016-2021.
The State Government is committed to accelerate the development of Agro based industries in the State. A key initiative of the Government would be to metamorphose the supply chain infrastructure which would have multiplier effect in agriculture sector & greatly increase the effectiveness across the entire sector.
Biotechnology Policy 2016-21
Biotechnology is one of the world’s fastest growing technologies, registering a growth rate of about 10% per annum. The global Biotechnology revenues have crossed266 billion USD mark.
Biotechnology has grown at a rate of 12% over the last five years with average exports growing between 40-60%, with a revenue generation of INR 28,185crores in 2014-15 for India. By 2025, the Biotechnology sector will be larger than USD100 billion in India.
National Civil Aviation Policy 2016
The Ministry of Civil Aviation (MoCA), Government of India released the National Civil Aviation Policy 2016 (NCAP 2016). Two of the key objectives of NCAP 2016 are to "enhance regional connectivity through fiscal support and infrastructure development" and to "establish an integrated eco-system which will lead to significant growth of civil aviation sector, which in turn would promote tourism, increase employment and lead to a balanced regional growth". In this regard, MoCA has envisaged a Regional Connectivity Scheme (RCS or the Scheme) for the country.
Disaster Management Policy
The state of Gujarat ('the state') has been prone to disasters. Over the years, these disasters have caused extensive damage to life and property and have adversely impacted economic development. The Government of Gujarat ('GoG') recognises the need to have a proactive, comprehensive, and sustained approach to disaster management to reduce the detrimental effects of disasters on overall socio-economic development of the state. GoG believes that there is a need for a policy that articulates its vision and strategy for disaster management in the state. In this context the Gujarat State Disaster Management Authority (GSDMA) provides guidelines to various entities involved in disaster management in the state to discharge their responsibilities more effectively. With this in view, the GSDMA has formulated the Gujarat State Disaster Management Policy ('GSDMP' or 'the Policy').
Industrial Policy 2020
Gujarat is the most industrialized state in India and has been recognized nationally and globally for offering conducive business ecosystem that is supported by ease of doing business and state-of-the-art infrastructure. The state has witnessed unprecedented growth in terms of investments, both FDI and domestic. With a vision to give additional thrust to “Atmanirbhar Bharat”, the New Gujarat Industrial Policy 2020 is being introduced with added focus on key thrust sectors, strengthening integrated value chains, innovation and research. Besides this, the Gujarat Industrial Policy has provisions to promote industries focusing to adopt sustainable & cleaner manufacturing and innovative Industry 4.0 practices. It also lays objective to encourage entrepreneurship and strengthen MSMEs and facilitate cluster development.
Information Technology Policy 2006-2011
As per the latest NASSCOM report of 2005, size of information Technology/Information Technology Enabled Services (IT/ITES) industry in India has been to the tune of USD 36 billion dollar while it employs about 1.3 million people. By 2010 this sector is set to grow to $60 billion and would employ 2.5 million persons. Thus, IT sector in India continues to offer excellent growth opportunities.
Information Technology enabled Services (ITeS) 2016-21
Over the last two decades Information Technology (IT) and Information Technology enabled Services (ITeS) Industry in India has emerged as a strategic sector in India's competitiveness in global market on both employment as well as economic value creation fronts. IT as a sector has marched ahead at a brisk pace evolving into a key driver to both India's global trade and to Indian's mobility.
A report by NASSCOM evaluating the contribution of IT over last decade brings out that; IT has offset 65% of India's cumulative net oil imports. IT/ITeS sector has contributed to 45% of incremental urban employment – both direct and indirect – with over 30% women employees and 45% new entrants. The report also acknowledges that for the globally competitive marketplace IT has opened the doors for India in forging business relationships with almost all Fortune 500 companies.
Power Generation Policy - 2009
The Government of India has enacted a comprehensive legislation in the form of The Electricity Act, 2003 which attempts to impart renewed thrust to co-ordinated development of the power sector in the country, provides a comprehensive yet flexible legislative framework for power development and envisions a sector characterized by a competitive market in power where the regulators and the power utilities play increasingly significant roles.
Port Policy
Gujarat has played a pivotal role in developing maritime infrastructure of India. Currently the state is handling around 32% of India's cargo traffic and has an installed capacity of around 466 MTPA. The phenomenal growth in port traffic is only attributable to the investor friendly port policy which was announced in year 1995. This policy has fueled private sector investment in the state and has changed the maritime landscape of Gujarat.
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Solar Power Policy - 2015
The State of Gujarat (the “State”) intends to increase the share of renewable energy, particularly solar energy in its energy basket.It is with this intention that the State launched the Gujarat Solar Policy-2009, for which it receiveda veryenthusiastic response. The policy resulted in a cumulative solar capacity in excess of 1000 megawatts (MW) with investment of about INR 9,000 crores. This policy also witnessed setting up India's first and Asia's largest Solar Park at Charanka in Patan District, and the country's first MW scale canal-top solar plant at Chandrasan in Mehsana District of Gujarat.
Tourism Policy 2015 - 2020
Tourism has evolved from just exploring new places to an opportunity for enhancing international relations, expanding business boundaries and appreciating cultural diversities. It helps bring different countries, peoples and cultures together while significantly contributing to the economic and social development.
