SIR ACT 2009
The Special Investment Region(SIR) ACT - 2009
The State Government has established a comprehensive legal framework for Special Investment Regions through the Gujarat Special Investment Region Act, 2009, which came into effect on 6 January 2009. This legislation reflects the Government’s commitment to developing world-class economic hubs, aligned with the standards of the fastest-growing global economies.
Highlights of Gujarat SIR Act 2009:
- › Gujarat SIR Act enables the State Government to establish, develop, operate and regulate the Special Investment Regions (SIR)
- › As per the Act, the government is empowered to declare Investment Regions or Industrial Areas and designate them as Special Investment Regions (SIR)
- › An Investment Region will have an area of more than 100 sq km, and an Industrial Area will have an area of more than 50 sq km
- › The Gujarat Special Investment Region Act, 2009 strengthens industrial development through clear governance, faster approvals, and planned infrastructure. It aids high-value investments, creates large employment zones and supports sustainable urban growth.
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