Gujarat Chief Minister Vijay Rupani today said the state government will soon come up with an Aerospace and Defence Manufacturing policy.
"The purpose behind it (the policy) is to establish Gujarat as the country's leading hub for indigenous aerospace and defence manufacturing, develop globally competitive talent in the sector, promote research and development investments to drive globally-recognised innovation in product design," said Rupani.
The chief minister was speaking after inaugurating the 10th Global Trade Show Exhibition, organised by Vadodara Chamber of Commerce and Industries here.
"Gujarat is committed to position itself as the country's leading aerospace and defence manufacturing hub. The state's well-recognised manufacturing proficiency and state-of-the-art infrastructure can help in meeting country's critical need to be self-reliant in the sector," he added.
According to Rupani, Gujarat aims to attract five mega A&D investments in the next 5 years.
"The A&D sector is envisaged to create 20,000 direct and indirect jobs in Gujarat in the next 5 years. This policy will be in addition to 18 existing policies announced by the state government to attract huge industrial investments," the chief minister said.
He also announced that the state's first Skill Development University will be set up here.
"The (state) government's focus is more on skill development so as to generate more employable manpower," he added.
"The Gujarat government has also decided to set up vertical GIDC (Gujarat Industrial Development Corporation) estates in each of the existing estates for meeting the infrastructure requirements of small scale units located in it," the chief minister added.
Meanwhile, Ravindranath, Director of National Small Industries Corporation announced opening of its office in Vadodara after Rajkot.
Over 300 companies from all across the country have set up 750 stalls in 13 domes in this five-day event.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)