Gujarat Chief Minister Bhupendra Patel has announced New Biotechnology Policy for the year 2022-27. This policy is aimed to achieve Aatmanirbhar Bharat, the vision of Prime Minister Narendra Modi. Under this policy, the strategic projects and mega and large projects are eligible for special packages.
This will attract new investment through anchor units and existing industries and create new employment opportunities in the state.
According to this new policy, the MSMEs with a capital investment of less than 200 crore rupees will be given maximum assistance of 40 crore rupees. Similarly, the mega and large projects with a capital investment of more than 200 crore rupees and special projects like ecosystem empowerment, emerging technologies in challenging areas and strategic importance will be assisted up to 25 percent of the total capital expenditure up to a maximum limit of 200 crore rupees.
This assistance will be provided in the form of 20 quarterly installments over five years. MSME units with a capital investment of less than 200 crore rupees will be assisted with a maximum of 5 crore rupees per annum.
Mega and large projects with a capital investment of more than 200 crore rupees and special projects like ecosystem empowerment will be given an assistance of up to 15 percent of the total operating cost up to a maximum of 25 crore rupees per annum.
Speaking on this occasion, Chief Minister said that being a policy-driven and business-friendly state, Gujarat has remained at the forefront in economic development. He said that new forms of entrepreneurship have emerged with the adoption of science and technology in the state.
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