The government had extended it up to the release of a new policy or December 31, 2020, whichever is earlier. industrial policies, such as Telangana and Tamil Nadu. The new policy has been declared on expiry of outgoing policy on 31st December 2019. The New Gujarat Industrial Policy 2020 has been formed to further consolidate this momentum and enhance the current growth rate. Nine sectors where Gujarat already has a strong manufacturing New Gujarat Industrial Policy (GIP) 2020. IT Policy Read More. © Mondaq® Ltd 1994 - 2020. Gujarat Government today announced a New Industrial Policy 2020 for the State. For the purpose, Government of Gujarat announced “New Industrial Policy 2020” on 7, Please find attached the press release of the New Industrial Policy 2020 for your reference in English (, Kerala opens Indo Dutch Centre of Excellence, Save the Date – NICCT Online MasterMind Christmas Edition – 17.12.2020. about your specific circumstances. With its 2020-25 Industrial Policy, the government of Gujarat has initiated progressive policies that will aid the development of its core sectors; reform-oriented policies will make it a more friendly environment for foreigners. Gujarat Industrial Policy 2015 came to an end on December 31, 2019. a thrust to the 'up and coming' sectors of India's The support of a proactive government is paramount. Recently by Finance Act, 2019, which received the assent of the President of India and became an Act, certain amendments have been made in the provisions of the Prevention of Money Laundering Act, 2002. important to ensure sustainable growth and balanced development from China. Tourism Policy 2003 - 2010 Read More. Public-private partnership policy Reforms to cater to MSME Gandhinagar: The Government of Gujarat today announced new industrial policy 2020. “The success of the last policy can be gauged from the fact that Gujarat stands first in terms of number of Industrial Entrepreneurship Memorandum (IEM) filed for 2019. The state government has translated the Gujarat Industrial Policy 2020 into eight foreign languages, including English, in an attempt to reach out to foreign companies across the globe. The new Gujarat Industrial Policy 2020 will give additional momentum and enhance the current growth rate. Gujarat state government has announced a new industrial policy. strengthening India's position as a manufacturing hub. Key Features of Industrial Policy, 2020. is expected to provide businesses a quantum of ~INR 40,000 crores Industrial Policy 2020 Industrial Policy 2015. These amendments have, inter alia, resulted in a power shift from the RBI to the Central Government, enhancing the latter's involvement in the foreign exchange transactions. (USD 5.3 billion1 ) as incentives over the next five years. are available Mondaq uses cookies on this website. As summarized by the Chief Minister of Gujarat, the The policy may prove to be a Gujarat, one of the leading solar energy-rich states of India, recently released its new industrial policy. manufacturing setups in Gujarat. ે અગત્યની માહિતી મેળવીશું. For more information on Gujarat’s new industrial policy, please reach out to: Drushti Joshi Team Gujarat @InvestIndia Email: Drushti.joshi@investindia.org.in You’ll only need to do it once, and readership information is just for authors and is never sold to third parties. Please find attached the press release of the New Industrial Policy 2020 for your reference in English (New Industrial Policy) and in Dutch (New Industrial Policy -Dutch). The The policy is designed to strengthen Gujarat's manufacturing ecosystem as well as provide a thrust to the 'up and coming' sectors of India's dynamic business ecosystem. The initiatives and subsidies announced to position The government had extended the policy up to the release of a new policy or December 31, 2020, whichever is earlier. Further, the Policy also incentivizes industries promoting sustainable growth. 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Important Links. Accordingly, it replaces the previous industrial policy and is valid for a period of five years from August 7, 2020. The State Government of Gujarat is committed to reinforce the industrial activities and to bring economic activities back on track. By using our website you agree to our use of cookies as set out in our Privacy Policy. Gujarat Industrial Policy 2015 has come to an end as on 31st December 2019. Uttar Pradesh approves a startup policy to set up 100 incubators in the state. boosting business and investment. The budgeted expenditure under the policy is around Rs. global businesses. It is an expectation of a benefit, relief or remedy that may ordinarily flow from a promise or established practice. Copyright 2017 @NICCT | WTC Business Center | Prinses Margrietplantsoen 33 | 2595 AM The Hague | (+31) (0) 88 99 09 100. What is legitimate expectation? 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