...raises relaxation to 20 % for pvt infrastructure cos

Ahmedabad, March 30 | Updated: Mar 31 2006, 05:30am hrs
In a bid to attract investors for development projects under Gujarat Infrastructure Agenda-2020, the Gujarat government has decided to provide relaxation of upto 20% from the current 15%, as decided earlier. Also, it has intended to extend the relaxation period for more than 35 years for long period projects.

Speaking to FE, Anilbhai Patel, state industries minister, said various sectors like ports, urban development, road and transport, water, sanitation will be constructed on public-private partnership basis. The infrastructure development of the state will showcase its real growth, for which the initial level of work has been started, he said.

The state has ordered the pre-feasibility study for around 18 projects from private players, after which the construction will commence.

Mr Patel maintained that public-private partnership has shown satisfactory results in the last few years.

The state has made a provision under which any private player who wishes to take over the entire charge of construction of any project will be provided with high rate of concession and to some extent the propriety rights.

Mr Patel said the state government has received huge responses, and now it would study the proposals and then allocate the projects to the private investors, who have shown interest by way of competitive bidding process.