The Gujarat government has introduced a new ultra-mega project category under the Viksit Gujarat Industrial Policy 2026, offering the highest level of incentive support for large investments in thrust sectors. This category targets projects in priority sectors with investments of Rs 10,000 crore and above, and creating more than 3,000 jobs, officials confirmed.
Focus on High-Tech Sectors
The framework is designed to attract globally competitive investments in sectors such as semiconductors, green hydrogen, battery storage, aerospace, robotics, and advanced manufacturing. Officials stated that the policy aims to position Gujarat as a hub for cutting-edge industries.
Incentive Structure
Under the policy, ultra-mega units can opt for a mix of capital subsidy, interest subsidy, and power tariff support, tailored to their project needs and financial viability. In Category-A talukas, total incentives can reach up to 40% of eligible fixed capital investment (eFCI), while Category-B talukas can avail up to 35% of eFCI.
The support window for ultra-mega projects has been extended to 12 years, one of the longest incentive periods offered under the policy. For Category-A talukas, capital subsidy can be up to 30% of eFCI over 12 years, with interest subsidy and power tariff support each up to 25% of eFCI. In Category-B talukas, capital subsidy can go up to 25%, while interest and power support can extend up to 20%.
Flexibility for Investors
The policy introduces flexibility by allowing companies to customize the mix of incentives based on capital intensity, financing structure, and power requirements. This approach is intended to make Gujarat more attractive for large-scale industrial projects.
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