Financial Assistance to Industrial Parks: Assistance on Fixed Capital Investment

DETAILS The scheme "Financial Assistance to Industrial Parks" is an umbrella scheme launched by the Industries and Mines Department, Gujarat under the Gujarat Industrial Policy. Effective from August 7th, 2020 to August 6th, 2025, it aims to boost industrial growth through financial assistance, modern technologies, and enhanced facilities for industrial parks and clusters. The component "Assistance on Fixed Capital Investment", is designed to encourage the development of Industrial Parks by reimbursing a portion of eligible fixed capital investments. BENEFITS Assistance in General Area: 25% of eligible fixed capital investment, up to a maximum of ₹30,00,00,000/-. Assistance in Vanbandhu Talukas: 50% of eligible fixed capital investment, up to ₹30,00,00,000/-, for Industrial Parks. Support for Residential Facilities: Up to 25% of the cost of constructing hostels or dormitories for domiciled workers, with a maximum limit of ₹20,00,00,000/-. ELIGIBILITY Industries Association / any enterprise registered under the Societies Act, Partnership Act, Trust Act, Companies Act or SPV constituted for setting up of Industrial Park shall be eligible to develop Industrial Park under this scheme. Exclusions The following expenditures are ineligible for assistance under the scheme: Expenditure on the purchase of land and land development. Payments related to goodwill fees, commissioning fees, and royalty. Costs associated with preliminary and pre-operative expenses. Interest capitalized during the project. Costs for transportation equipment or vehicles. Payments for technical fees or consultant fees. Any expenditure on working capital or items not explicitly mentioned as eligible investments. Any other expenditure classified as ineligible by the State Level Empowered Committee (SLEC).