Gujarat Government Announces Biotechnology Policy Gujarat government lead by Vijay Rupani introduced the ‘Biotechnology Policy-2016‘ to establish Gujarat as a preferred destination for manufacturing of biotechnology products. Gujarat Deputy Chief Minister Nitin Patel announced this policy in the state legisalative assembly on December 26, 2016.
About Biotechnology Policy 2016 :
Under this policy, state government would provide capital subsidy up to Rs 25 crore on the total investment for developing a Biotechnology (BT) Park.
The developer of such park will be eligible for 100 per cent reimbursement of stamp duty paid on sale or lease of the land for setting such park.
BT Park developer will be given 100 per cent reimbursement for electricity duty paid for a period of five years.
iv. For individual BT manufacturing units having gross fixed capital investment(GFCI) up to Rs 50 crore, government would give capital subsidy up to Rs 10 per cent of the GFCI with a ceiling of Rs 5 crore.
v. BT units with borrowings up to Rs 50 crore shall be entitled to an interest subsidy at the rate of 5 per cent with a ceiling of 2.5 crore per annum
Dams located in Gujarat :
♦ Sardar Sarovar Dam, Ukai Dam, Kadana Dam, Dantiwada Dam and Kamleshwar Dam
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