Manufacturing sector set to gain: CM Patel

Gujarat Chief Minister Bhupendra Patel on Sunday welcomed the Union Budget presented by Finance Minister Nirmala Sitharaman, saying the incentives announced will further boost the state’s manufacturing sector. Patel said the focus on Micro Small and Medium Enterprises (MSMEs) would greatly benefit small and micro industries. “The incentives announced for manufacturing industries will further boost Gujarat’s manufacturing sector,” he said.

Welcoming the announcement of a dedicated freight corridor from Dankuni in eastern India to Surat in Gujarat, he said it would provide faster logistics services for trade, industry and manufacturing activities linked to Gujarat. Patel said Gujarat’s textile sector would gain significantly from the six schemes announced to promote textiles, while the proposal to set up three chemical parks and allocate Rs 10,000 crore for biopharma industries would benefit the state, which has a strong chemical and pharmaceutical base.