Gujarat releases new industrial policy before VGGIS-09

AHMEDABAD: With an aspiration to become an Asian Leader in industrial growth, Gujarat government on Monday announced much awaited new Industrial Policy (IP) ahead of Vibrant Gujarat Global Investors' Summit-09 (VGGIS).

The policy aims at attracting quality investments, increasing employment opportunities in the state, develpoing special investment regions (SIRs), encouraging public private partnership (PPP) model, setting up of mega projects and core infrstructure projects, said minister of state for industry Saurabh Patel, who released the policy in a press meet here.

The first objective of the policy is to attract investments in the areas of SIRs, PPP projects, mega projects, innovative projects, infrastructure projects, port related projects and logistics and services related enterprises.

Principal Secretary of Industries Maheshwar Sahu, who made a power point presentation of the policy, said that Gujarat has decided to set up two SIRs one near Dahej and second in Dholera on areas stretching up to 45000 and 54000 hectares respectively.

Land acquisition for both the projects is underway and the state would enact a SIR Act in the assembly besides a number of investment regions will also be developed in the state, he said.

According to Sahu, the proposed SIRs will be synergized with Dedicated Frieght Corridor (DFC) and Delhi-Mumbai Industrial Corridor (DMIC) to be developed with the Japan government.