‘Gujarat administration has stored communication channels open with Tesla’

How do you propose to attain a 13% progress for Gujarat’s financial system in nominal phrases for 2023-24, which is quicker than the ten.5% progress projected for India?

Gujarat has constantly outperformed the nationwide progress charge, rightfully incomes the title of the ‘progress engine of India’. Regardless of comprising solely 5% of the nation’s inhabitants, Gujarat contributes over 8.3% to the nationwide GDP (gross home product). Within the earlier 12 months, the state accounted for 33% of India’s complete merchandise exports. Robust world ties and a diversified GSDP (gross state home product) make our financial system exceptionally resilient.

Our authorities has set a goal to contribute 10% to India’s financial system and obtain a $500 billion financial system by 2026-27. We have now full confidence in surpassing these targets, because of the stable foundations laid by Prime Minister Narendra Modi throughout his tenure because the state chief minister. We’ve successfully harnessed the advantages of nationwide initiatives like ‘Make in India,’ ‘Startup India,’ and ‘Digital India.’ Our infrastructure tasks, akin to Dholera Particular Funding Area (SIR), Diamond Analysis and Mercantile (DREAM) Metropolis, GIFT Metropolis and sector-specific industrial parks, mixed with insurance policies in clear vitality, self-reliance and semi-conductors are designed to facilitate India turning into a developed nation by 2047.

What are your plans to draw additional personal investments? What’s the progress in establishing the semiconductor plant at Dholera?

Gujarat’s subsequent progress section hinges on transformative mega tasks just like the GIFT Metropolis, Dholera SIR, DREAM Metropolis, Mandal-Becharaji SIR, PM-MITRA Park, Bulk Drug Park, greenfield ports and LNG Terminal, and the forthcoming high-speed rail challenge connecting Ahmedabad and Mumbai. These initiatives have established Gujarat as a hub for sector-specific industrial infrastructure. Rising alternatives in GIFT Metropolis embrace plane leasing and financing, a fintech hub and a world bullion change. Dholera is poised to evolve into a worldwide manufacturing and buying and selling hub as the most important node on the Delhi-Mumbai industrial hall. Relating to establishing a semiconductor show fab manufacturing plant at Dholera, each Vedanta and Foxconn are exploring alternatives independently. In the meantime, building on the Micron meeting, testing, marking and packaging (ATMP) challenge is already underway. Mandal Becharaji Particular Funding Area is on its solution to turning into the world’s largest car hub. Surat’s Diamond Analysis and Mercantile Metropolis will additional encourage diamond buying and selling throughout the globe.

Is there a chance of Tesla establishing a presence in Gujarat?

The central authorities has been partaking with Tesla to discover the potential for establishing a producing facility in India. The initiative fairly aligns with our dedication to selling a conducive atmosphere for innovation and funding in our state. Gujarat will have interaction with Tesla on the most opportune second to make sure that we play a considerable function of their plans. The first discussions are being led by the central authorities; nonetheless, we, too, have stored communication channels open.

To inexperienced India’s financial system, Gujarat, which has a robust industrial base, has to take formidable steps. Are you ready?

Local weather change is a worldwide concern, and Gujarat took the lead in addressing it by establishing a devoted local weather change division below the steerage of our Prime Minister throughout his tenure because the chief minister. We’re additionally main in India’s residential photo voltaic rooftops. Gujarat ranks primary amongst all of the states in rooftop photo voltaic, with an put in capability of two.9GW (complete rooftop customers of over 440,000). The ‘photo voltaic village’ at Modhera has gained world recognition. Gujarat is dedicated to turning into the worldwide inexperienced hydrogen capital by working intently with the Authorities of India. Moreover, Gujarat pioneered the canal-top photo voltaic challenge and plans so as to add 30GW to India’s renewable vitality capability by the world’s largest hybrid photo voltaic and wind park by 2025. We’re acknowledged as a high performer in NITI Aayog’s State Vitality and Local weather Index 2022. Our renewable vitality coverage of 2023 goals to generate 50% of electrical energy from renewables by 2030, specializing in wind, photo voltaic, and hybrid expertise tasks.

How has Gujarat emerged as a most popular state for overseas investments?

Resulting from proactive policy-making, a beneficial ease of doing enterprise atmosphere, an investor-friendly strategy, sturdy industrial infrastructure, and improved high quality of life, Gujarat now stands out because the best choice for Indian and world conglomerates seeking to make investments and set up their companies. Corporations hailing from the US, Japan, France, Germany, The Netherlands, The UK, Switzerland, Italy, Sweden, UAE, and Saudi Arabia have expressed eager curiosity in Gujarat, spanning numerous sectors akin to renewable vitality, chemical compounds, meals processing, monetary providers, inexperienced hydrogen and futuristic applied sciences. Within the fiscal 12 months 2023-24, as much as September, the federal government of Gujarat has inked memorandums of understanding with over 55 corporations, anticipating the creation of alternatives in sectors together with agro and agro-food processing, textile and attire, engineering, car, healthcare and prescription drugs, chemical compounds and petrochemicals, energy, oil and gasoline, renewable vitality, packaging, IT, biotechnology, industrial parks and mini estates and logistics.

That are the brand new buyers planning to spend money on Gujarat?

Gujarat has constantly embraced progress and tailored to altering occasions by growing insurance policies tailor-made to up to date wants. These insurance policies embody renewables, electrical autos (EVs), semiconductors, and photo voltaic rooftops, efficiently attracting various investments. Notably, our semiconductor chip coverage has led to substantial investments by Micron, whereas Tata is establishing a lithium-ion manufacturing plant for EVs. With forward-thinking insurance policies and the upcoming Vibrant Gujarat International Summit 2024 with the theme’ gateway to the longer term,’ we’re assured that the state will proceed to attract investments, together with these in inexperienced hydrogen and semiconductors, contributing considerably to the Prime Minister’s imaginative and prescient of Viksit Bharat by 2047.

That are the brand new industries that the Gujarat authorities is specializing in to draw investments?

Gujarat has developed immense potential to draw industries from rising and dawn sectors like semiconductor and digital system design and manufacture, inexperienced hydrogen, renewable vitality ecosystem, aerospace and defence, synthetic intelligence, web of issues, fintech, cybersecurity, and high-tech manufacturing and shopper items. A complete ecosystem is being created in thrust areas like inexperienced ammonia, gasoline cell, battery storage, and electrical automobile manufacturing industries.

What are the longer term progress plans for the Dholera greenfield funding area and Diamond Analysis and Mercantile (DREAM) Metropolis?

DSIR stands as India’s premier industrial good metropolis. It holds immense promise in sectors akin to defence, aviation, electronics, high-tech rising applied sciences, prescription drugs, biotechnology and heavy engineering. DSIR will probably be a significant beneficiary of the Delhi-Mumbai Industrial Hall (DMIC) and Devoted Freight Hall (DFC), with 38% of the DFC traversing Gujarat (565 km). A world airport below improvement in Dholera SIR is about to grow to be one of many largest greenfield worldwide airports. Moreover, India’s largest infrastructure challenge consists of the world’s largest photo voltaic plant, boasting a capability of 5,000 megawatts (MW), which will probably be developed in a phased method. To satisfy the rising demand for industrial and residential house and complement the swift improvement of the diamond buying and selling enterprise, DREAM Metropolis has been established in Surat. The Surat Diamond Bourse (SDB) anchors this challenge, which will probably be applied in phases. The grasp plan consists of designated land parcels for various makes use of, linked by broad interconnecting roads, that includes a variety of tasks akin to reasonably priced housing, industrial, metro, recreation and public-private partnership (PPP) model-based initiatives.

How is Gujarat positioning itself to grow to be a inexperienced hydrogen hub?

Gujarat is actively collaborating with the Authorities of India to ascertain itself as the worldwide inexperienced hydrogen capital. We have now pioneered an incentive scheme — the Aatmanirbhar Gujarat Scheme for Help to Industries — geared toward selling inexperienced hydrogen tasks. Discussions are underway with main trade gamers to ascertain inexperienced hydrogen tasks throughout the state. Gujarat’s strategic focus extends to growing the complete worth chain for inexperienced hydrogen. Considerable renewable vitality assets, important for inexperienced hydrogen era, are available within the state. With India’s longest beach, Gujarat boasts a considerable water provide that may be effectively desalinated for inexperienced hydrogen manufacturing. Moreover, the state’s roughly 48 ports place it as a super gateway for exporting inexperienced hydrogen/ammonia to the worldwide market. Our initiatives harmonize seamlessly with the Authorities of India’s efforts, such because the Nationwide Inexperienced Hydrogen Mission and production-linked incentive (PLI) schemes for electrolyzers and ACC batteries. To advertise the renewable vitality and inexperienced hydrogen sector, Gujarat has allotted 199,000 hectares of presidency land to 5 corporations for the event of renewable vitality energy vegetation for inexperienced hydrogen manufacturing. This synergy guarantees to propel Gujarat right into a outstanding inexperienced hydrogen hub.

For Prime Minister Narendra Modi, growing the blue financial system is a key precedence. What are the issues the state authorities is doing on this route?

Gujarat is dedicated to turning into a worldwide maritime chief consistent with the Prime Minister’s blue financial system imaginative and prescient. We’re proud to announce that the Gujarat Maritime Board was named ‘Maritime Board of the 12 months’ on the Maritime Excellence Awards 2023. Gujarat goals to spice up the capability of non-major ports, promote industrialization round ports, improve connectivity, and seize alternatives in inexperienced hydrogen and offshore wind vitality. We envision our non-major ports reaching worldwide requirements, doubling their cargo dealing with capability, and supporting offshore wind energy tasks. Moreover, we’re increasing into marine tourism, ropax transportation, coastal transport, fisheries ports, and ship recycling, all in collaboration with trade leaders, to solidify our maritime sector’s holistic progress.

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Up to date: 11 Oct 2023, 11:58 PM IST