- Male and female employees serving for more than one year with an MSME will be given assistance of Rs 50,000 and Rs 60,000, respectively.
- Up to 100 per cent and 75 percent reimbursement will be provided to each female and male employee on the Employees’ Provident Fund paid by the applicant company, respectively.
NE BUSINESS BUREAU
AHMEDABAD, FEB 17
Gujarat Chief Minister Bhupendra Patel unveiled new ‘Gujarat Biotechnology Policy 2022-27’ with a commitment to promote rapid and inclusive growth in the biotechnology industry in Gujarat.
મુખ્યમંત્રીશ્રી ભૂપેન્દ્ર પટેલે રાજ્યમાં બાયોટેક્નોલોજી સેક્ટરમાં ઝડપી અને સર્વસમાવેશક વૃદ્ધિને પ્રોત્સાહન આપવાની પ્રતિબદ્ધતા સાથે નવી ગુજરાત બાયોટેક્નોલોજી પોલિસી જાહેર કરી છે. આ નવી પોલિસી આગામી પાંચ વર્ષ એટલે કે 2022 થી 2027 સુધી અમલમાં રહેશે. pic.twitter.com/6OAdUdgImc
— CMO Gujarat (@CMOGuj) February 17, 2022
Jitu Vaghani, State Minister of Education, Science & Technology, British Deputy High Commissioner to Gujarat Peter Cook, Chief Secretary Pankaj Kumar, Senior Secretaries, Secretary of the Department of Science and Technology Vijay Nehra, representatives of nationally and internationally renowned institutes, and representatives from biotechnology industry were also present at the event.
CM Shri @Bhupendrapbjp unveils the new Gujarat Biotechnology Policy 2022-27 with an aim to establish Gujarat as a globally recognized Biotechnology Hub.
Click to know more about the policy https://t.co/HLaZnZ5ajp
— CMO Gujarat (@CMOGuj) February 17, 2022
As per the new policy, a maximum assistance of Rs 40 crore and mega or large projects with a capital investment of more than Rs 200 crore, as well as special projects of MSMEs like ecosystem empowerment, emerging technologies in challenging areas and of strategic importance, will be given assistance of up to 25 percent of the total capital expenditure up to a maximum of Rs 200 crore.
This assistance will be provided in the form of 20 quarterly instalments over a period of five years.
દેશની પ્રથમ અને એકમાત્ર ગુજરાત બાયોટેક્નોલોજી યુનિવર્સિટી દ્વારા બાયોટેક્નોલોજી ક્ષેત્રમાં ઉચ્ચ શિક્ષણ અને સંશોધનને મળ્યો છે વેગ… pic.twitter.com/1JHzsdKeIz
— CMO Gujarat (@CMOGuj) February 17, 2022
MSMEs having a capital investment of less than Rs 200 crore will be given assistance of a maximum of Rs 5 crore per annum. Mega/large projects with a capital investment of more than Rs 200 crore and special projects like ecosystem empowerment etc. will be given an assistance of up to 15 percent of the total operating cost up to a maximum of Rs 25 crore per annum.
નવી બાયોટેક્નોલોજી પોલિસી 2022-27 ના માધ્યમથી બાયોટેક્નોલોજીકલ ડ્રીવન ઇકોનોમીના વિકાસમાં આત્મનિર્ભર ગુજરાતથી આત્મનિર્ભર ભારતનો સંકલ્પ સાકાર કરવા પ્રતિબદ્ધ ગુજરાત. pic.twitter.com/GLhbW4Uazi
— CMO Gujarat (@CMOGuj) February 17, 2022
This assistance will include expenses for power tariff, patent assistance, marketing development assistance, lease rental subsidy, bandwidth leasing and quality certification.
Male and female employees serving for more than one year with an MSME will be given assistance of Rs 50,000 and Rs 60,000, respectively.
Live: CM Shri @Bhupendrapbjp launches Gujarat Biotechnology Policy 2022-27 aiming at taking Gujarat’s Biotech sector to new heights https://t.co/hP3VJALh8R
— BJP Gujarat (@BJP4Gujarat) February 17, 2022
Up to 100 percent and 75 percent reimbursement will be provided to each female and male employee on the Employees’ Provident Fund paid by the applicant company, respectively.
Quarterly return at the rate of 7 percent against interest paid on term loans of up to Rs 100 crore, with an annual ceiling of Rs 7 crore, will be provided.
Besides, quarterly return at the rate of 3 percent against interest paid on term loans of above Rs 100 crore with an annual ceiling of Rs 20 crore will also be given.
Reimbursement of 100 percent for five years on the electricity duty paid will be provided under the new policy.
Industries manufacturing the products which are not being manufactured in the country will be covered under strategically important projects. The provision has been made to give additional assistance to these industries through special packages of ecosystem empowerment and mega/large projects.
The projects approved under the special package will provide comprehensive facilities for land allotment and other basic infrastructure related needs like approach road, water supply, electricity, sewerage, etc. through inter-departmental coordination of state government and single point of contact.
Chief Minister Patel emphasised that he is committed to realise the vision of ‘Aatmanirbhar Gujarat’ to ‘Aatmanirbhar Bharat’ through a biotechnology driven economy and with the new Biotechnology Policy.
“Being a policy driven and business-friendly state, Gujarat has remained at the industry forefront in the country. New forms of entrepreneurship have emerged with the adoption of science and technology in the state,” said Patel.
“Biotechnology has made significant contributions in solving new-age problems, especially in the field of health and agriculture. The science-driven industry has been instrumental in understanding and fighting the global Covid-19 pandemic. It was due to biotechnology that we got effective rapid antigen tests, RT-PCR tests, vaccines etc.,” he added.
The Gujarat CM emphasised that the objective of this new policy is to make Gujarat competitive in the biotechnology market and maximise the benefits.
