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Estates with multi level sheds for MSMEs at GIDCs in Gujarat

Structures come with ready infra to make it easy for them to start industry, says Gujarat finance minister

BS Reporter  |  Ahmedabad 

World Bank ranking proves the Gujarat model works: Saurabh Patel
Gujarat finance minister Saurabh Patel

Given the decreasing affordability among micro, small and medium enterprises (MSMEs) for land acquisition, Gujarat government is all set to build multi storied sheds at the Gujarat Industrial Development Corporation (GIDC) premises to support small scale industries in the state on plug and play basis.

Speaking at the third on 'Financial Opportunities and Cluster Development", state finance minister announced the same while adding that to support the in the state, government has decided to provide such multi-storied building with ready infrastructure so that it becomes easy for them to start industry. The SME Sammelan was organised by Associated Chambers of Commerce and Industry of India (Assocham).

The state government has identified 10 such GIDCs including Sanand, Chatral, Vapi, Umargam, Kathwada, Ankleshwar, Lodhika, Gandhinagar, Bhavnagar and Jamnagar where multi storied building will be built for the

"Buying a land and setting up entire units with all the utilities are quite costly. Everyone may not be able to bear the cost, especially MSME. Hence, the multi storied sheds concept at the developed GIDCs will provide ready infrastructure to small units," said Patel.

According to officials it will reduce overall cost of the project when any small unit sets up industry at such premises. Government will provide space both on rental and ownership basis.

Moreover, government is also going to ease exit policy for

Elaborating on the same, Manoj Aggarwal, vice chairman and managing director of said, "Small units can own the space or they can take it on rent also. It will be on a plug and play basis, wherein small and medium industries would be required to simply come and start their businesses, with all supportive infrastructure being readily available there."

will build multi level sheds in these 10 industrial parks on available lands. Such vacant plots shall not be auctioned but multi-storeyed buildings shall be constructed on such plots.

Talking about cost of the project Manoj Aggarwal said, "Fund is not an issue. GIDC has sufficient provision for it. Wherever market and demand will come, we will build multi storied building for MSMEs in these places."

According to GIDC sources, tendering process for the project has been started and constriction work may begin by March or April this year.

First Published: Fri, January 29 2016. 19:42 IST