shine india magazine Published this articles page no 42 To further augment the growth the State has been successful in creating an enabling environment for investors. The State has Digitised Land Bank (33000 hectares) to facilitate and let investors choose the best possible location for their investment in industrial areas of the State. Further to achieve self-reliance and boost the manufacturing sector the State announced the Gujarat Solar Power Policy 2021 which aims to reduce the power costs of industrial units by around 50%. The State is also finalising Gujarats first Integrated Logistics Policy and Service Sector Policy to promote sectors such as IT Banking and Financial Services Tourism etc. with the objective to support the industrial ecosystem development and to enable integrated development of the businesses. With the recent budget announcement to set up a fintech hub at Gujarat International Finance TecCity (GIFT) International Financial Services Centre (IFSC) Gujarat is set to attract global fintech firms and startups. With geographically balanced development and futuristic projects like DFC DMIC Dholera SIR Mandal Becharaji (MBSIR) PCPIR etc. there are tremendous investment opportunities in Gujarat. Dholera will act as a catalyst in attracting investments in the state especially in the renewable and lithium-ion battery manufacturing sectors. Besides several futuristic infrastructure development projects are already underway such as 1. Rail Corridors connecting major cities in Gujarat 2. Ahmedabad – Dholera Expressway 3. Bhadbhut Barrage Project over Narmada River 4. Diamond Research and Mercantile (DREAM) City at Surat 5. The worlds largest Solar & Wind Hybrid Energy Park with a capacity of 30 GW is in Kutch Gujarat being a policy-driven state has announced about 20 policies over the last five years focused predominantly on supporting a conducive industrial ecosystem and promoting green manufacturing R&D and innovation. The Government of Gujarat recently launched the Industrial Policy 2020 to promote entrepreneurship and innovation supported by export competitiveness (Vocal for Local to become Global). In line with the mission of Aatmanirbhar Bharat the State Government has identified 15 thrust sectors for industrial promotion including nine core sectors and six sunrise sectors which includes 100% export-oriented units irrespective of the sector. shine india magazine
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