Gandhinagar, July 27 (APAC Media): The Gujarat government has approved industrial projects worth more than Rs. 2,999 crore under various incentive schemes.
The approvals were granted during a series of high-level committee meetings chaired by Deputy Chief Minister and Industries Minister Harsh Sanghavi.
Large-Scale Industrial Projects Approved
A committee responsible for granting Final Eligibility Certificates to large industries approved 32 applications involving a cumulative investment of Rs. 1,978.04 crore. These projects are expected to generate around 4,739 direct jobs across the state.
The approved investments span multiple sectors, including automobiles, metals, cement, concrete, plastics, ceramics, chemicals, paper, textiles, and pharmaceuticals.Â
Ahmedabad received the highest share with investments of Rs. 528.49 crore, followed by Morbi at Rs. 480.16 crore and Kutch at Rs. 332.71 crore. Other beneficiary districts include Mehsana, Vadodara, Sabarkantha, Surat, Bharuch, and Gandhinagar.
Capital Subsidy Scheme Clears Rs. 649.23-Crore Project
The committee also approved a major industrial project under the Capital Subsidy to Large Industries and Thrust Sector Scheme. The project, involving an investment of Rs. 649.23 crore, is expected to create around 871 direct jobs while strengthening Gujarat’s industrial ecosystem and generating additional indirect employment opportunities.
Textile Sector Receives Fresh Support
In its seventh meeting, the State-Level Empowered Committee under the Scheme for Assistance to Strengthen Specific Segments in the Textile Value Chain-2019 approved assistance for three textile units with a combined investment of Rs. 165 crore. The projects are expected to generate around 500 direct jobs.
Eligible units will receive interest subsidy and power tariff assistance, with the state government extending support of more than Rs. 50 crore over the next five years.
Industrial Parks to Strengthen Investment Ecosystem
The state government also approved four projects under the Scheme for Assistance to Industrial Parks as part of the Gujarat Industrial Policy-2020. These projects will attract investments exceeding Rs. 371.70 crore for the development of industrial parks.
The latest approvals are expected to further strengthen Gujarat’s industrial infrastructure, enhance investor confidence, and reinforce the state’s position as one of India’s leading manufacturing and investment destinations.
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