Gujarat govt approves over Rs 1,371 crore investment under 'Atmanirbhar Gujarat-2022' scheme

Gandhinagar (Gujarat) [India], January 29 (ANI): With an aim of making Gujarat the most attractive global destination for investment, key decisions were taken today in a high-level committee meeting chaired by Gujarat Deputy Chief Minister Harsh Sanghavi, said official release.
According to the Deputy CM's office, under the 'Atmanirbhar Gujarat-2022' Scheme for the Large and thrust sectors, final eligibility certificates have been approved for three major industrial units.
Applications from three large industries totalling Rs 1,371.38 crore have been approved, creating significant new employment opportunities in the state. District-wise and sector-wise, the approved investments include Rs 491.28 crore in the Chemical sector in Bharuch district, Rs 402.08 crore in the Food & Agro sector in Himmatnagar district, and Rs 478.02 crore in the Minerals sector in Vadodara district. These projects will play a key role in strengthening Gujarat's industrial ecosystem and boosting both direct and indirect employment.
To promote ease of doing business, the State Government has implemented an effective online module under the Investor Facilitation Portal (IFP). All documents are submitted digitally, eliminating the need for physical paperwork. The Government's approach of removing "physical touch points" has resulted in a fast and transparent approval process. Applications in the Large and Thrust Sectors were processed and approved in less than two months. Approved units will be eligible for benefits such as Net SGST reimbursement, interest subsidy, and EPF reimbursement.
The meeting was attended by Additional Chief Secretary, Finance Department Dr. T. Natarajan; Additional Chief Secretary, Industries & Mines Department, Mamta Verma; Industries Commissioner, P. Swaroop; and Vice President of Gujarat Chamber of Commerce & Industry (GCCI), Apurva Shah.
With the objective of strengthening Gujarat's textile industry, the Deputy CM's office mentioned that another major decision was taken in the sixth meeting of the State-Level Empowered Committee, chaired by Deputy Chief Minister Shri Harsh Sanghavi. Under the "Assistance Scheme to Strengthen Specific Segments of the Textile Value Chain - 2019", a total of 11 new units have been approved for interest subsidy and power tariff assistance.
According to the Deputy CM's office, these projects will attract fresh investments of Rs 668.34 crore and are expected to generate approximately 1,478 direct jobs. Notably, over the next five years, the State Government will provide an estimated Rs 202 crore in financial assistance to these units, further enhancing Gujarat's global competitiveness in the textile sector. (ANI)