Diplomatist Magazine Diplomatist January 2019 | Page 24

PRAGMATIC
POLICIES LURING
INVESTORS TO
GUJARAT
T
he Western state of Gujarat is
emerging as the powerhouse
of Indian economy through its
pragmatic investment policies aimed
at boosting the confi dence of investors
by pro-actively taking up reforms in
various sectors including overhauling
its industrial, Information Technology
and Tourism policies.
Several key policies which have
catalysed the economic progress in
Gujarat are as under:
Gujarat Industrial Policy 2015
The policy aims to create a conducive
environment for investment through
enhancing productivity through value
addition of raw material, research and
innovation and improving ease of doing
business in Gujarat.
The policy further seeks to promote
the startups for which it off ers many
sops from easy funding to creating
incubation and training centres. It aims
to simplify the tax system and facilitate
easy possession of land through creating
land banks and providing the quality
power to industry.
Job creation and skill development
remain as the centrepiece to the policy
by suggesting labour reform laws and
providing sector specifi c training to the
youths.
Moreover, it calls for an easy
streamlining of environmental clearance
for the industry apart from boosting
renewable energy sources including
solar and wind energy.
Cottage and Rural Industries Policy
2016
It envisions a pragmatic market-
oriented policy to provide impetus
to the Cottage and Rural Industries
24 • Extraordinary and Plenipotentiary Diplomatist • Vol 7 • Issue 1 • January 2019, Noida
by developing craft circuits which
aim to create new markets apart from
generating employment and income
opportunities for the craftsperson.
It also eyes partnership with private
retail chains to open various market
avenues for the artisans. The market
development assistance is also provided
to the artisans on the sale of Khadi and
poly-vastra products.
A very competitive fi nancial support
programme through the bankable and