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Key Points

Gujarat is undertaking a major industrial policy overhaul to align with the national 'Viksit Bharat @2047' vision. The state has formed 12 specialized task force committees to redesign its economic strategy and attract investments. These committees will comprehensively review existing policies and develop future-ready frameworks across multiple sectors. The initiative demonstrates Gujarat's commitment to becoming a key driver of India's economic transformation.

Key Points: Gujarat Revamps Industrial Policy for Viksit Bharat 2047

  • 12 specialized committees to redesign state industrial strategy
  • Policy aims to attract investments across multiple sectors
  • Comprehensive approach targeting MSMEs and emerging technologies
  • Benchmarking against international best practices
2 min read

Gujarat to revamp industrial policy in line with 'Viksit Bharat'

Gujarat launches comprehensive industrial policy transformation with 12 task force committees to drive economic growth and national development vision

"Positioning Gujarat as a key driver in India's journey toward becoming a developed nation - Gujarat Government Statement"

Gandhinagar, May 22

The Gujarat government has announced a comprehensive overhaul of its industrial policy framework, aligning it with the national vision of 'Viksit Bharat @2047' and the state's developmental goal of 'Viksit Gujarat se Viksit Bharat'.

The move aims to build a data-driven, future-ready policy ecosystem that attracts investment, fosters innovation, and supports long-term socio-economic growth.

According to an official statement, 12 specialised task force committees have been constituted to steer this transformation.

These panels will assess existing policies, benchmark them against international best practices, identify policy gaps, and formulate strategies to address evolving economic and technological dynamics.

The sector-specific committees will focus on areas such as MSME development, industrial infrastructure, environmental regulation, trade and commerce, skill development, and thrust sectors, including aerospace, defence, startups, and research and development.

A dedicated committee has also been set up to facilitate the ease of doing business and revive sick industrial units. Each committee includes members from industry associations, academic institutions, chambers of commerce, and research bodies to ensure an inclusive and collaborative policy-making process.

Insights and recommendations from these committees will form the foundation of Gujarat's next-generation industrial policies, positioning the state as a key driver in India's journey toward becoming a developed nation by 2047, the statement added.

As of now, Gujarat operates under the Gujarat Industrial Policy 2020, which is in effect until August 2025. This policy aims to bolster the state's manufacturing ecosystem and attract investments across various sectors.

It introduces incentives for 15 identified thrust sectors, including core industries like electrical machinery, auto components, and pharmaceuticals, as well as sunrise sectors such as electric vehicles, green energy, and Industry 4.0 technologies.

The policy offers capital subsidies of up to 12 per cent of fixed capital investment for large and mega projects, delinking incentives from the State Goods and Services Tax (SGST) to provide direct financial support.

Additionally, it emphasises ease of doing business through regulatory reforms, single-window clearances, and streamlined land acquisition processes. Support for Micro, Small, and Medium Enterprises (MSMEs), research and development, skill development, and balanced regional growth are also key components of the policy.

- IANS

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Reader Comments

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Rajesh P.
This is a fantastic initiative by Gujarat! The focus on future-ready sectors like EVs and green energy shows visionary thinking. As a small business owner in Ahmedabad, I'm particularly excited about the MSME support. Hope they ensure these benefits reach grassroots entrepreneurs too. 🇮🇳
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Priya M.
While the policy sounds impressive on paper, implementation will be key. Past industrial policies often favored big corporates while small industries struggled with red tape. Hope this time there's better monitoring and grievance redressal for smaller players. The inclusion of academic institutions is a positive step though.
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Amit K.
Gujarat continues to lead in industrial development! The 12 task forces covering everything from aerospace to sick units shows comprehensive planning. Special thumbs up for including environmental regulation - growth should be sustainable. Can other states learn from this model?
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Sanjana T.
As someone working in the renewable energy sector, I'm excited about the green energy focus! But the government must ensure these policies create quality jobs, not just investment numbers. Skill development committee should work closely with industries to bridge the talent gap.
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Vikram S.
Good move, but what about water conservation? Gujarat faces water scarcity and industrial growth must consider this. Also hope the policy benefits reach beyond Ahmedabad-Gandhinagar-Surat to smaller towns. Balanced regional growth shouldn't just be on paper!
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Neha D.
The single-window clearance promise has been made before but ground reality is different. Entrepreneurs still run from pillar to post for approvals. Hope this time they walk the talk! Otherwise, the policy looks very progressive with its focus on Industry 4.0 and startups.

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