'Achche Din' of Gujarat During the Shinde-Fadnavis administration, Gujarat received three out of four projects totaling Rs. 1.80 lakh crores

With a total investment of more than Rs 1.80 lakh crore in four mega projects since the Shinde Fadnavis administration assumed office on June 30, Maharashtra has lost them. Surprisingly, out of the four projects, three would be built in Gujarat, which is under BJP control. According to State Industry Department sources, Maharashtra also passed up the chance to create 1 lakh jobs (direct and indirect) through the growth of these four enterprises. Gujarat won the Vedanta Foxconn semiconductor project, worth Rs 1.5 lakh crore, from Maharashtra in September out of a total of approximately Rs 1.80 lakh crore projects.

 

Numerous incentives, including 400 acres of land at no cost and the remaining 700 acres at a 75 percent rate in Talegaon, were provided by the former Maha Vikas Aghadi government. The government granted a capital subsidy of 25% for displays, 30% for semiconductors, and 27% for other outsourced semiconductor assembly services out of a total capital subsidy of Rs 39,000 crore. In addition, the government agreed to provide 1200 MW of guaranteed power for 20 years at a cost of Rs 3 per unit, inclusive of all taxes (Rs 5,738 crore), 80 million litres of water per day at a cost of Rs 12 per cubic metre, a 5 percent exemption from stamp duty, and a 10 year, 7.5% exemption from electricity duty.

 

MIDC had agreed to provide a 337 crore rupee water subsidy and make improvements to how common wastewater is treated (Rs 812 crore). Incentives for EPF and ESI of Rs 864 crore over five years were also approved by the government. Gujarat won the Rs 22,000 crore Tata Airbus project from the Shinde-Fadnavis-led administration. If the project had been located in MIHAN, Nagpur, the government had predicted that it would have employed 6,000 people directly and indirectly. With a customised package of incentives agreed upon by a High Powered Committee (HPC), the state government had suggested investing up to 100% of their fixed capital. In Maharashtra Industrial Development Corporation (MIDC) areas in the A and B categories and MIDC areas in other places, up to 100 acres of land is allocated for anchor units in industrial areas at the customary rate of 75% and 50%, respectively.

 

 

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