Gujarat Industrial Development Corporation

Gujarat Industrial Development Corporation (GIDC)^[1] was established under the Gujarat Industrial Development Act of 1962, with a goal of accelerating industrialization in the state of Gujarat, India.

Main role of the GIDC is to identify locations suitable for industrial development and create industrial estates with infrastructure such as roads, drainage, electricity, water supply, street lights, and ready-to-occupy factory sheds. The infrastructure of certain estates has been built for specific industries; there is an electronics estate at Gandhinagar, ceramics estates near Bhavnagar, chemical estates at Vapi, Ankleshwar, Panoli, Nandesari, Naroda.

Some GIDC estates also have low-cost housing for workers and executives of tenant businesses, and many of the larger estates include amenities and commercial facilities such as banks, shopping complexes, schools, dispensaries, telecommunications centers, police stations, and community halls.

As of February 2008, there are 257 such estates throughout Gujarat, and economies of scale allow the GIDC to offer these plots for substantially less than the cost of creating a similar standalone factory. GIDC has acquired maximum land for the development of Industries in the State of Gujarat, under their possession after Indian Railway.

Famous industrialists like Dhirubhai Ambani of Reliance and Karsanbhai Patel of (Nirma) have their industrial units in GIDC.

Corporation has established 182 industrial estates, ranging from mini to mega sizes, in 25 of the 25 districts of the state.It has also developed 7 Special Economic Zones.

Special Investment Regions

GIDC is now establishing Special Investment Regions, PCPIR, Industrial areas and large /sector-specific estates in tune with the changing economic and industrial scenario. The Government of Gujarat enacted the SIR act in 2009 with the objective of creating large size Investment Regions and Industrial Areas in the State of Gujarat and develop them as global hubs of economic activity supported by world class Infrastructure. Gujarat is the only state in the country to enact such an Art. GIDC is setting up 11 Special Investment Regions in Gujarat catalyzing unprecedented economic growth in the state.

it enables the State Government to establish, develop, operate and regulate SIRS
The Government is empowered to declare an Investment Regions or an Industrial Area
An SIR has a minimum area of 100 km². (10,000 hectare). An Industrial Area has a minimum area of 50 km². (5,000 hectare)
A 4 tier administrative mechanism set up for establishment, operations, regulations and management of SIRs / IAs.

References

↑ "Gujarat Industrial Development Corporation nod for modern hospital in Sachin". 25 February 2016. Retrieved 9 March 2016.

External links

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