This story is from October 15, 2019

Gujarat: Logistics, mining, IT-ITES sectors get industry status

In a bid to improve ease of doing business in the state, the state government on Monday gave bona fide industry status to the logistics, information technology (IT) and IT-Enabled Services (ITES) and mining sectors in the state.
Gujarat: Logistics, mining, IT-ITES sectors get industry status
AHMEDABAD: In a bid to improve ease of doing business in the state, the state government on Monday gave bona fide industry status to the logistics, information technology (IT) and IT-Enabled Services (ITES) and mining sectors in the state.
The new status will benefit these sectors and will help generate employment, according to state revenue minister, Kaushik Patel.
“Industrialists will only need to inform the district collector that they have purchased the land and the process will be much simpler to get NA certification.

The bona fide industry status given to these sectors would increase opportunities for development in these sectors as a result of which, there will be significant employment generation in these sectors,” said Patel.
Industry players have welcomed the decision and said it will ease industry woes to a great extent. “Land and electricity are primary requirements in the IT and ITES sectors. Such a decision will help reduce our process costs and as a result, our service delivery costs will significantly come down and improve the industry’s cost-competitiveness,” said Jaimin Shah, board member, Nasscom Foundation.
However, industry experts also said that going forward, government must come up with policies that benefit these sectors.
“Instead of an ancillary status, mining and logistics will be treated as key industrial sectors. This will help create more employment opportunities in the sectors, given the investments surge in the state.
However, the roadmap ahead will largely depend on the policies and schemes specific to these sectors that the government rolls out,” said Durgesh Buch, president, GCCI.
End of Article
FOLLOW US ON SOCIAL MEDIA