StatesGujarat
Gujarat clears incentives for 25 industrial units investing ₹3,903 crore
A committee chaired by Deputy Chief Minister Harsh Sanghavi approved final eligibility certificates for projects expected to create about 8,178 jobs across eight districts.
Key points
- Gujarat approved final eligibility certificates for 25 industrial units with investments of ₹3,903.30 crore.
- The projects are expected to create about 8,178 jobs in districts including Ahmedabad, Morbi and Kutch.
- Eligible units get net SGST assistance, interest subsidies and EPF reimbursement.
Gujarat has approved financial assistance for 25 industrial units that plan to invest ₹3,903.30 crore in the state, in projects expected to create about 8,178 jobs.
A high-level committee chaired by Deputy Chief Minister Harsh Sanghavi approved the issue of final eligibility certificates to the units, which clears the way for them to draw incentives under two state schemes.
Two schemes, eight districts
Twenty-two of the units, with investments of ₹1,631.90 crore, were approved under the Industrial Policy-2015. Three large units, investing ₹2,271.40 crore between them, received final approval under the Aatmanirbhar Gujarat Scheme-2022. Those three projects alone account for more than half of the total investment cleared.
The projects span automobiles, textiles, plastics, paper, chemicals, ceramics and metals. They are located in Ahmedabad, Morbi, Bharuch, Kutch, Vadodara, Mehsana, Kheda and Surendranagar districts.
What the units get
Units that qualify receive assistance against the net state GST they pay, interest subsidies and reimbursement of Employees’ Provident Fund payments. The committee’s approval paves the way for that assistance to be released to the 25 units.