CM Bhupendra Patel launched the "Double Decker AC Electric Bus" at Gift City. 1800 hectares of undeveloped land across various GIDCs in the state will facilitate the establishment of new industries, fostering job creation and economic development
Starting from Monday, 8th January, the bus services connecting Gift City to Mahatma Mandir will be operational as part of the Vibrant Gujarat Summit. CM Bhupendra Patel with Transport Minister Harsh Sanghvi
FinTech BizNews Service
Mumbai, January 8, 2024: Chief Minister of Gujarat Shri Bhupendra Patel has opted for a more lenient policy, to encourage the redevelopment of open plots in different GIDCs across the state, allowing them to be repurposed for industrial use.
Entrepreneurs acquire land through leasing in GIDCs to establish industries. Plot holders are allowed to return plots to GIDC if they are unable to utilize them. Entrepreneurs aiming to establish industries usually acquire land through leasing in GIDCs. However, there is currently a procedure in place allowing plot holders to voluntarily return plots to GIDC if they are unable to utilize them. In the cases of voluntary return of the plots, the plot holder receives a considerably smaller amount compared to the current allotment value. Due to this, plot holders are not motivated to voluntarily return, resulting in the unused status of the land.
To address this situation positively, Chief Minister Shri Bhupendra Patel has opted to implement a more lenient policy.
Accordingly, in case of voluntary return of such plot, the refund amount will be granted up to a maximum limit of 75 per cent of the difference between the allotment price paid by the plot holder at the time of allotment and the current allotment price of GIDC.
Due to the Chief Minister's decision, about 1800 hectares of unused land in various GIDCs across the state will be available for industrial development. This move is anticipated not only to boost economic growth but also to facilitate job creation.
Meanwhile, Chief Minister Bhupendra Patel launched on Sunday a state-of-the-art Double-Decker AC Electric Bus for the first time in the state under the Gujarat State Road Transport Corporation.
Prime Minister Shri Narendra Modi has articulated that the foundation of mobility lies in advanced infrastructure, road connectivity, and efficient public transportation. Under the guidance of Chief Minister Shri Bhupendra Patel and the direction of Transport Minister Shri Harsh Sanghvi, the Gujarat ST Corporation has successfully implemented the
Prime Minister’s vision. Continuing the path of passenger-oriented services, a new addition has been introduced as a Double-Decker EV Electric Bus.
Gujarat State Road Transport Corporation is in the process of procuring five state-of-the-art Double-Decker AC electric buses. Chief Minister
Shri Bhupendra Patel inaugurated two of these buses as a pre-event for Vibrant Summit-2024 at Gift City.
Starting from Monday, 8th January, the bus services connecting Gift City to Mahatma Mandir will be operational as part of the Vibrant Summit. After the Vibrant Summit, the Corporation will predominantly manage the Sarkhej-Gandhinagar-Gift City route.
During this event, Minister of State (MoS) Transport Shri Harsh Sanghavi, Gift City Chairman Dr. Hasmukh Adhia, MD of GIFT Shri Tapan Ray, Additional Chief Secretary of Ports & Transport Department and Revenue Department Shri Manoj Kumar Das, Gujarat State Road Transport Corporation (GSRTC) Managing Director Shri M.A. Gandhi
and senior officials were present at the occasion.
