Economic Revival Committee headed by Dr. Hasmukh Adhia submits its report to CM

New Delhi: Chief Minister of the state Mr. Vijay Rupani had constituted a six-member Economic Revival Committee headed by Dr. Hasmukh Adhia, Former Finance Secretary, Government of India, to deliberate on economic revival measures including fiscal restructuring under post COVID-19 pandemic scenario and to provide comprehensive suggestive measures for minimising the impact of disruptions created and restarting the cycle of economic activity.

The six member committee presented its report to the Chief Minister in the presence of Deputy Chief Minister Mr. Nitin Patel, Minister of Education Mr. BhupendrasinhChudasama, other senior ministers of the cabinet, Chief Principal Secretary to CM Mr. K.Kailashnathan and Chief Secretary Mr. Anil Mukim.

The Committee conducted about 37 meetings which included discussions with about 44 internal stakeholders and 64 external stakeholders. Both the Interim and Final report were submitted to the GoG in required time duration or one month.

The Interim Report comprising of about 103 suggestions focusing on the immediate short-term measures to kickstart the economy was submitted to the Government of Gujarat on 28th May 2020. The Committee also expressed satisfaction for accepting interim report suggestions and announcing package accordingly.

The Final Report comprising of 231 suggestions focusing on the medium and long-term strategies to provide enabling policy environment in the state was submitted to Government of Gujarat on 12th June 2020.

All recommendations of the Committee are based on the foundation of the basic approach to development of Gujarat. The suggestions focus on infrastructure strengthening, raising of resources, strategy for attracting investment including Foreign Direct Investment (FDI), fiscal management strategies, measures to enhance benefits that the State can avail under existing GoI schemes and Atmanirbhar Bharat package announced by the Ministry of Finance, GoI.