Rs 14,000 cr Gujarat relief package to help revive stuck industrial estates

It is estimated that due to high penalty over delay in construction of units on estates run by the Gujarat Industrial Development Corporation, work had been stuck over 5,000 hectares of land

The latest 'Atmanirbhar Gujarat' economic relief package of Rs 14,000 crore announced by chief minister Vijay Rupani, among other things, is set to eventually provide impetus for restart of construction currently stuck across 5000 hectares of industrial estates.

It is estimated that due to high penalty over delay in construction of units on estates run by the Gujarat Industrial Development Corporation (GIDC), work had been stuck over 5,000 hectares of land.

"This can now be restarted since such a penalty has been done away with if the work resumes within the next two years from now under the package announced.