The policy, coming in the midst of the global meltdown, says that the state hopes to achieve an annual industrial growth of 14 per cent for the next five years.
According to the new policy, the primary goal of enhancing investments will be achieved largely through creation of special investment regions (SIR), public private partnerships (PPPs) and mega projects having an investment of more than Rs 1,000 crore.While creation of SIRs is being given top priority – the government is even proposing a specific Act for convergence of industrial, social and urban infrastructure – the Gujarat Government has held the Central government’s Delhi-Mumbai Industrial Corridor (DMIC) scheme as the core of the SIRs and IRs. Forty per cent of the Japanese-funded DMIC will pass through Gujarat. As per the policy, “the DMIC with its SIRs and IRs will be fully leveraged for development of the state”. In case of the PPP model, not much has been specified as to what the government is proposing apart from saying that it will go for “further encouraging the PPP model, especially in the infrastructure sector”.
With regard to the encouragement, which the state government proposes to accord to mega projects involving investment of more than Rs 1,000 crore, the policy talks only about evolving “meritbased packages of assistance”. The message is clear: The massive dose of freebies the Tatas got for their Nano project is just not for everyone.