Surat. Industrial advisor and lawyer Janak Pachchigar welcomed the Gujarat government's announced Industrial Policy-2026, stating that this policy is an important initiative towards realizing Prime Minister Narendra Modi's goal of 'Developed India 2047'.
According to him, the policy has been prepared keeping in mind the actual industrial needs of the state, national priorities, and global economic trends. Pachchigar mentioned that 11 dedicated sector-specific committees have been formed for the effective implementation of the policy, which will provide guidance and policy support according to the needs of various industrial sectors. He stated that the mainstay of Gujarat's industrial economy is micro, small, and medium enterprises (MSME), and particularly, Surat's textile industry is in a position to benefit the most from this policy.
Under the policy, MSME units will be provided with capital subsidy, interest subsidy, and electricity subsidy, along with various incentives related to quality certification, ZED certification, ERP and ICT support, technology acquisition, patent registration, energy and water conservation, and market development. He noted that the policy includes special provisions for raising capital through the SME exchange, relief in power connection fees, rental assistance, and participation in national and international exhibitions. Highlighting social inclusion as an important feature of the policy, Pachchigar mentioned that special assistance schemes have been included to encourage Scheduled Caste, Scheduled Tribe, and differently-abled entrepreneurs.
Eligible MSME units under the Dr. Babasaheb Ambedkar scheme and the Bhagwan Birsa Munda scheme will receive additional incentives in the form of margin money assistance. He mentioned the mention of taluka-based incentives in the policy, stating that micro units in category 'A' (developing) talukas will receive project assistance of up to 35% on eligible permanent capital investment (eFCI), 7% interest subsidy, and electricity assistance of 2 rupees per unit for five years. Meanwhile, micro units in category 'B' (developed) talukas will benefit from 25% project assistance, 7% interest subsidy, and electricity assistance of 1 rupee per unit.
According to Pachchigar, the objective of the policy is not limited to the establishment of new units but also aims to promote technological upgradation, energy efficiency, export capacity enhancement, and competitive production. He expressed confidence that this policy will give new momentum to investment, employment, and industrial development in Surat and South Gujarat. He also mentioned that a separate incentive framework has been proposed for large and mega industries, ensuring balanced and long-term industrial development in the state.
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