Gandhinagar, Jun 15 (PTI) The Gujarat government on Monday unveiled a new industrial policy that envisages attracting investments worth Rs 10 lakh crore in the next five years with focus on advanced manufacturing, innovation and providing support framework for start-ups.

Chief Minister Bhupendra Patel announced the "Viksit Gujarat Industrial Policy-2026" that provides a five-year roadmap and incentives ranging from 15 per cent to 50 per cent across sectors, The policy is aimed at promoting advanced manufacturing and innovation, and accelerating the state's journey towards becoming a USD 3.5 trillion economy by 2047, said an official release.

The policy was launched at Mahatma Mandir Convention Centre in Gandhinagar in the presence of Deputy Chief Minister Harsh Sanghavi, Chief Secretary M K Das, senior bureaucrats and industry representatives.

Talking to reporters later, Das informed that the government expects the policy to attract investments of around Rs 10 lakh crore during its five-year tenure and further strengthen Gujarat's position as the country's industrial growth engine.

Chief Minister Patel described the policy as a comprehensive development document aligned with the vision of "Viksit Gujarat to Viksit Bharat @2047".

The chief minister noted the policy has been framed after consultations with industries and stakeholders while taking into account emerging trends such as artificial intelligence, green energy and reconfiguration of global supply chains.

He maintained the policy has been built on four pillars -- investment and manufacturing, innovation and research, skill development and employment, and sustainability and inclusive growth.

Patel highlighted green and sustainable industrial development as a key focus area, with provisions encouraging green industrial parks, wastewater recycling, zero-liquid-discharge systems, cleaner production technologies and circular economy practices.

He insisted MSMEs, start-ups, women entrepreneurs, first-generation industrialists and youth have been placed at the centre of the state's development strategy.

Sanghavi, who handles the industries portfolio, emphasised the policy is not merely an incentive scheme, but a powerful instrument for achieving the vision of a developed Gujarat by 2047.

He declared industries would be eligible for incentives ranging from 15 per cent to 45 per cent across sectors, helping attract fresh investments, generate employment and create opportunities for youth within the state.

The deputy chief minister said Gujarat would place special emphasis on research and development, innovation and sunrise sectors, with incentives of up to 50 per cent in select areas to encourage technological advancement and entrepreneurship.

Among the policy's major innovations is the introduction of a "Choose Your Incentive" framework under which investors can customise their support package by selecting a combination of capital subsidy, interest subsidy and power tariff reimbursement according to their project requirements.

The government has identified 21 high-growth thrust sectors, including green energy ecosystems, mobility, capital equipment, textiles and apparel, sustainability, chemicals, agro-processing, healthcare, critical minerals, semiconductor ancillary industries, nuclear power equipment and vehicle scrapping facilities.

Other sectors are - electronics waste recycling, textile waste recycling, shipping containers, heavy earth-moving equipment, sports goods, toys, footwear, robots and drones.

To boost innovation-led growth, the policy offers special incentives for research and development (R&D) centres. The first five R&D centres investing at least Rs 300 crore each will be eligible for capital support of up to Rs 50 crore annually for five years, besides land, patent and operational support.

The state government will also establish a Gujarat Research and Innovation Park and develop a digital portal to facilitate access to testing and R&D infrastructure.

The policy includes a comprehensive support framework for start-ups, including monthly sustenance allowances of up to Rs 30,000 for eligible ventures with women co-founders, seed support of up to Rs 30 lakh and additional incentives for high-tech, fintech, biotech and green start-ups.

A major focus has been placed on MSMEs, which account for more than 42 lakh units in Gujarat. Depending on location and category, MSMEs will be eligible for incentives amounting to 35-45 per cent of eligible fixed capital investment through a mix of capital subsidy, interest subsidy and power tariff reimbursement.

Large industries in thrust sectors can avail incentives ranging from 25-35 per cent, while mega and ultra-mega projects can receive support of up to 40 per cent.

Special thrust sectors such as toys, footwear, sports goods, robotics and drone manufacturing will be eligible for enhanced incentives of up to 50 per cent.

The policy also introduces "Project T.H.R.I.V.E", a new initiative aimed at decongesting urban areas by encouraging industries to relocate to planned industrial estates and parks.

Relocating units will be treated as new units and receive wage support, capital subsidies, worker housing assistance and regulatory relaxations.

To strengthen industrial infrastructure, the government has announced support for worker housing, working women hostels, private industrial parks, skill centres and Industry 4.0-ready facilities.

According to the government, Gujarat currently contributes 8.2 per cent to India's GDP and accounts for over 18 per cent of manufacturing output and around 25 per cent of exports. The state aims to raise its GDP contribution to 10 per cent by 2047 through the new policy. PTI PJT RSY