Gujarat government would introduce a bill on special investment regions (SIR) in the forthcoming Assembly session which would replace the ordinance which was brought out prior to last Vibrant Gujarat Global Investors’ Summit -09 (VGGIS-09) in last January.
The bill called “The Gujarat Special Investment Region Bill, 2009” is aimed at providing for “establishment, operation, regulation and management of large size Investment Regions and Industrial Areas in the state of Gujarat.”
The state assembly session will start from February 17.
“The state of Gujarat is very keen to create large size Investment Regions and Industrial Areas in the state, and specially enable their development as global hubs of economic activity supported by world class infrastructure, premium civic amenities and to set up an organisational structure with that purpose,” reads the statement of object of the proposed bill.
As part of Delhi-Mumbai Industrial Corridor (DMIC)six mega industrial nodes have been proposed to be set up in Gujarat and almost one third of proposed investment of about 90 billion USD is expected to be made in Gujarat as 38 per cent length of dedicated freight corridor is falling in the state.