Establishment of

Transformers

Manufacturing Unit

Heavy

EngineeringGovernment of Gujarat

Page 2

Contents

Project Concept 3

Market Potential & Demand - Supply 5

Growth Drivers 6

Gujarat – Competitive Advantage 7

Project Information 9

- Manufacturing Process

- Location/ Size

- Infrastructure Availability/ Connectivity

- Key Players, Raw Material/ Manpower

- Key Considerations

Project Financials 14

Approvals & Incentives 16

Page 3

► A transformer is a static equipment used for transferring electrical energy from one circuit to

another through electromagnetic induction.

► They are primary used in power transmission applications, however, special transformers are also

produced for high-voltage applications in the oil & gas, chemical, automotive, metals and mining,

and other industries.

Project Concept

Transformers overview

► Switch and

control gears

► Capacitors

► Wires and cables

► Transformers

► Transmission

line towers

► Conductors

Generation equipmentDistribution

equipment

Transmission

equipment

► Boilers

► Turbines

► Generator

The project involves establishing a facility in Gujarat to manufacture different types of

transformers for a variety of applications.

► Used in power generation

station and transmission

substation for high voltage

(400 kV, 200 kV, 110 kV, 66

kV, 33kV) step-up and step-

down applications

► Generally rated >200 Mega

Volt Ampere (MVA)

Power transformers

► Used for power distribution

at low voltage for industrial

(11kV, 6.6 kV, 3.3 kV) and

domestic (440V, 220V)

users’ connectivity

► Usually rated <200 MVA

Distribution transformers

► Rectifier transformer

► Furnace transformer

► Speciality transformer

► Reactors and inductors

Others

Type of transformers – by applicaton1

Note: 1) List includes only key categories and is not exhaustive.

Source

“Difference between Power Transformer and Distribution Transformer”, Electrical Engineering Portal (August 2011), accessed via http://electrical-

engineering-portal.com/difference-between-power-transformer-and-distribution-transformer

Page 4

Project Concept

► The proposed project involves the establishment of a facility for manufacturing of Transformers at Dahej Industrial Estate, Bharuch District

► The proposed facility will manufacture transformers using the following manufacturing processes – Core construction and assembly, coil winding, core and coil assembly, transformer tank (fitting transformer tanks with ancillaries such as drain valves and HV & LV bushings etc.), and final assembly

► The total cost of setting-up of transformer manufacturing facility in Dahej, Bharuch is estimated to be ~INR 1650 million with transformer capacity of ~5000 MVA

► The demand for the facility will be met by the significant capacity addition requirements in the State and overall country. The expected growth in electricity generation capacity (GW) is likely to grow at a CAGR of 7.8% between 2016-25

► A strong local demand will also produce significant demand for T&D equipment and transformers.

Project overview

Page 5

1.7

5.9

11.1

FY15 FY17F FY22F

Market Potential & Demand – Supply

Global transformers market expected to grow at a CAGR of 7.3%

during 2014-19

► Domestic manufacturers have capabilities to manufacture transformers up to 1,200 kV. The

overall installed capacity was ~420,000 MVA per annum as of FY15. 55,000 MVA of transformers

capacity additions were made in the Indian power transmission sector in FY15.

► The industry is expected to witness robust growth owing to significant electricity generation

capacity additions supported by large government and foreign investments.

► Numerous ultra-mega power projects (UMPP), such as Mundra 4,000 MW UMPP in Gujarat

and Sasan ~4000MW UMPP in Madhya Pradesh are expected to drive significant demand.

34.0

48.3

2014 2019

Global transformers market size

(US$ billion) ► The global transformers market is expected to

be worth US$48.3 billion in 2019.

► Asia-Pacific is expected to be the fastest

growing region with a CAGR of 8.1%, while

Europe and North America are expected to

grow at CAGRs of 7.2% and 5%, respectively

during 2014-19.

► Demand for transformers will be driven by

increasing demand for electricity, replacement

of older transformers, and environmental

concerns, particularly in India and China.

Indian transformers market expected to witness robust growth

(CAGR of 30.7%) during FY15-22

Source: BCC Research

Source: Ministry of Heavy Industries, TechSci Research, Frost & Sullivan.

Indian transformers market size

(US$ billion)

CAGR:

7.3%

CAGR:

30.7%

55%

45%

Distributiontransformers

Powertransformers

Indian transformers

market – by segments

(FY15)

100% = US$ 1.7 billion

Transformers capacity

additions (in giga volt

amperes (GVA))

45.6

55.0

FY14 FY15

Y-o-Y

growth:

20.6%

Source

“Indian Electrical & Electronics Manufacturers’ Association”, 68TH ANNUAL REPORT 2014 – 2015 (September 2015), accessed via ieema.org/wp-

content/uploads/2015/09/IEEMA-Annual-Report_2014-15.pdf

“Global Market for Transformers to Reach $48.3 Billion in 2019”, BCC Research (September 2014),

http://www.bccresearch.com/pressroom/egy/global-market-for-transformers-to-reach-$48.3-billion-in-2019

http://indiainfrastructure.com/confpdf/brochur-power-transmission-in-india-july2015.pdf

Page 6

41.3

78.788.5

93.0

10th FYP 11th FYP 12th FYP 13th FYP

Growth Drivers

Significant electricity capacity additions supported by government

investments will drive demand for transformers

Expected electricity capacity additions

for various five year plans (FYPs)

(GW)

70%

15%

13%

2%

Thermal

Hydro

RenewableEnergy

Nuclear

Installed total capacity – by

segments (FY161)

100%= 280 GW

280

400

FY16 FY22F

Installed total capacity in India (GW)

CAGR:

6.1%

Source: Indian Electrical & Electronics Manufacturers’ Association

Source: Indian Electrical & Electronics Manufacturers’ Association

Note: 1) Data as of October 2015

2) All currency conversions at US$ 1 = INR 66.66 as on 9 June 2016.

Investments on transmission equipment

by the Government of India (US$ billion)

21

27

11th FYP 12th FYP

► Large-scale planned investments and installed capacity addition of ~220 GW during (FY16-22) will

drive demand for transformers in India to ~US$11.1 billion by 2022.

► Furthermore, based on planned capital expenditure of Power Grid Corporation of India (PGCIL)

and state transmission and distribution companies, orders worth INR147.94 billion (US$ 2.2

billion2) are expected to materialize in FY16 and FY17 each.

Source

“Indian Electrical Equipment Industry Mission Plan 2012-2022”

Page 7

Gujarat - Competitive Advantage

The Government of Gujarat intends to

invest US$4.6 billion in transmission and

distribution by 2020.

~US$22.8 billion1 for power

capacity additions

The Blueprint for Infrastructure in Gujarat

2020 (BIG 2020) – an integrated plan for

Infrastructure development – envisages an

investment of US$22.8 billion in power

sector.

► PGCIL along with the Gujarat Government is

expected to invest INR 58 billion by 2018-19

to significantly expand the state’s power

transmission capacity.

► These investments will generate substantial

demand for transformers, providing sizeable

growth opportunity for manufacturers.

► Also, major power generation projects listed

below will provide support to the industry:

ProjectExpected

Capacity

Mundra ultra mega power plant 4,000 MW

Mundra thermal power plant 2,640 MW

Sarakhadi and Sinor thermal

power plants2,000 MW

4,000

19,000

2014 2018F

Total power transmission capacity in

Gujarat (MVA)

Source: Energy & Petrochemicals

Department, Government of Gujarat

Note: 1) All currency conversions at US$ 1 = INR 66.66 as on 9 June 2016.

Large investments by the Government of Gujarat (GoG) in the power

sector

Strong local demand

18.2

4.6

Generation

Transmissionand distribution

Investments in power sector

– by segment (US$ billion)

CAGR:

47.6%

Source

“Power Grid to invest Rs5,800 crore in Gujarat network upgrades”, Live Mint (June 2014),

http://www.livemint.com/Industry/xXy3m7BAB9MknaBtfDNWBI/Power-Grid-to-invest-Rs5800-crore-in-Gujarat-network-upgrad.html

“Review of Blueprint for Infrastructure in Gujarat (BIG 2020) – Final Report Volume 1 – Summary and Vision” (August 2009), accessed via

http://www.gidb.org/Document/2014-12-31_112.pdf

“Manufacturing Sector Profile”, (January 2013), http://www.rubberking.net/images/pdf/Manufacturing%20Sector%20Profile.pdf

Page 8

Gujarat - Competitive Advantage

Other advantages

High availability of skilled manpower (engineers)

Ease of Doing Business

► Only state which comply 100% with environmental procedures.

► Gujarat ranks first in ease of doing business; ranking is based on a 2015 survey

conducted by Government of India’s Department of Industrial Policy and Promotion.

Flourishing Economy

► Gujarat contributes 7.2% of the Nation GDP and shows leadership in many areas of

manufacturing and infrastructure sectors.

► Gujarat’s SDP (State Domestic Product) at current price registered a growth of 11%

during the year 2014-15.

Strategic location and excellent infrastructure

► Located on the west coast of India, Gujarat is well connected to the major cities of

the world by air and sea routes.

► The state has 45 ports, 12 domestic airports and 1 international airport in addition to

an extensive rail and road network.

► As of June 2016, Gujarat had ~126

undergraduate engineering colleges and ~70

post graduate engineering colleges with

intakes of ~68,447 and ~6,694 students per

year, respectively.

► More than 80% of the seats were in self-

financed private colleges, while 15% seats

were in Government colleges.

Leading engineering colleges in Gujarat:

► Indian Institute of Technology (IIT),

Gandhinagar

► Sardar Vallabhbhai National Institute of

Technology, Surat

► Gujarat Technological University, Ahmedabad

► Nirma University - Institute of Technology,

Ahmedabad

8%

8%

13%

14%

17%

17%

23%

Others

InformationTechnology

Electrical

Civil

Electronics &Communication

Computer

Mechanical

Engineering seats in Gujarat – by

specialisation (Academic year 2014-15)

Source: Gujarat ACPC

Total seats: 46,069 for admission

through Gujarat Common Entrance Test

Source

“Manufacturing Sector – Profile”, Vibrant Gujarat website, 7 October 2014

“Gujarat – Growth and Prosperity for All”, Vibrant Gujarat website, 25 August 2014

“Gujarat tops ease of doing business ranking, Arunachal Pradesh last”, Live Mint, 16 September 2015, accessed via

http://www.livemint.com/Politics/PCQF51IvbQCEgDYthiM6aM/Gujarat-tops-ease-of-doing-business-ranking.html

http://admission.aglasem.com/total-number-engineering-seats-india-state-wise/

http://www.engineering.careers360.com/engineering-in-Gujarat

Page 9

Project Information

Transformer manufacturing process1

1. Core

construction and

assembly

2. Coil

winding

3. Core and

coil assembly

4.

Transformer

tank

CRGO steel and alloys

of steel are cut and

stacked to form the core

Insulated wire of either

copper or aluminium are

wound around a frame

that is used as a

clamping support of the

core assembly

Coils are lowered over

core and the component

is placed in the tank

oven

Transformers tanks are fitted with ancillaries, such as drain valves and HV& LV bushings, and then core-coil assembly is placed and locked up in the tank

6. Final assembly

Various equipment such

as conservator, radiators,

pumps and fans are

installed

7. Testing

Tests including, loss

measurement and

temperature rise tests,

and short-circuit tests are

performed

8. Painting &

shipping

The completed

transformer is painted to

be shipped at the

specified location

Note: 1) The process depicted is indicative and may involve further sub-steps and other processes as well

Source

“The Technology for Manufacturing Oil-immersed Power & Distribution Transformers in Shree Engineers”, accessed via

(http://www.shreeengineers.com/manufTran.htm)

“Transformer Manufacturing Processes”, Transformer Consulting Services Inc.

Page 10

Project Information

► Dahej –III in Bharuch District is an indicative location for establishment of a transmission wire

manufacturing plant. Alternatively, the plant can be set up in any other suitable location in Gujarat.

► The site is owned and managed by Gujarat Industrial Development Corporation (GIDC) and has

gained traction from large T&D companies Adani Power Ltd..

Location suggested: Dahej, Bharuch

Dahej-III industrial estate: Key highlights

Area 1477 hectares

Land price INR 1020 per sq. m.

Focus

sectors

► Chemical & PetrochemicalIndustries

Dahej, BharuchAhmedabad

Why Dahej?

► Dahej Industrial Estates – I, II, III form part of the Gujarat Petroleum Chemical Petrochemical

SIR located in Bharuch

► Bharuch is a formidable industrial base in sectors as diversified as chemicals & petrochemicals,

textiles, drugs and pharmaceuticals.

► The Industrial Estates and the GPCPSIR fall within the proposed Delhi Mumbai Industrial

Corridor (DMIC)

Dahej I:

► Scale of Industries –

Large Industries

► Type of Industries –

Chemical &

Petrochemical Industries

► Major Industries –

Petronet LNG, Gujarat

Alkalies and Chemicals

Limited, ONGC Petro

Additions Limited

Dahej III► Scale of Industries -

Large Industries► Type of Industries -

Chemical &PetrochemicalIndustries

► Major Industries –ATC Tyres Pvt. Ltd.,Viswaat Chemicals Ltd.Adani Power Ltd.,Riddhi Siddhi Ltd. etc

Dahej II:

►Scale of Industries –

Large & Medium

Industries

►Type of Industries –

Chemical & Petrochemical

Industries

►Major Industries – Indofil

Industries, Gujarat

Flurochemical Ltd.,

Page 11

► Electricity is supplied from an existing 132

KVA sub-station operated by Gujarat

Energy Transmission Corporation (GETCO)

located in the premises.

► Gujarat State Petroleum Corporation (GSPC) is the gas supplier to the site through a well

established pipeline in Savli GIDC.

► The company needs to directly apply for gas to GSPC.

► Utility

► Gujarat Industrial Development

Corporation (GIDC) will provide water to

the proposed facility.

► Water is available from Vadodara

Municipal Corporation from Mahi river.

Project Information

Water Power

Gas

► Savli has access to

broad gauge railway

network from the

following railway stations:

► Vadodara railway

station: 17 Km

► Ahmedabad railway

station: 110 Km

► Connected to National

Highway 8 (NH 8) and

National Expressway 1

(NE 1) through 4 lane

State Highway No 87

► SH 158 connects Savli

to Vadodara.

► Ahmedabad

international airport:

110 Km.

► Vadodara domestic

airport: ~14 Km.

Air

RoadRail

► Savli (Vadodara) is

connected to the

following ports:

► Dahej – 150 Km

► Kandla – 400 Km

► Mumbai – 450 Km

Port

Logistics & Connectivity

Savli GIDCVadodara

Source

“Government of India Ministry of MSME District Industrial Potential Survey Report of Rajkot District (2014-15)”, MSME – Development Institute

(December 2014)

Page 12

Large players

ABB Limited

BHEL

Alstom T&D

Crompton Greaves

Siemens India

Transformers Rectifiers India Limited

Project Information

Key players

► Market is fragmented and dominated by unorganized players

► 300+ transformer companies, with an overall installed capacity of ~420,000 MVA per annum as of

FY15

► Below is a list of leading players

Mid-size players

Vijai Electricals

EMCO Limited

Bharat Bijlee Limited

Voltamp Transformers

Indo Tech Transformers

Include both global and Indian

manufacturers that offer high-end

power transformers of range 400 kV

and above.

Primarily include Indian

manufacturers that offer relatively

low range transformers

Key equipment and manpower required

► Manpower: 200-250 skilled people

► Material handling equipment

► Cranes (100 MT, 250 MT)

► Core assembly fixture (50 & 20 ton)

► Mobile crane (Hydra 8 ton)

► Winding machine (10 & 20 ton)

► Vapour phase drying equipment

► Oil farm

► Filter machine high vacuum (10,000 Ltr)

► Storage tanks (20,000-40000 Ltr)

► Insulation machines

► Two side edge rounding machine

► Power press (10 MT)

► Rolling machine motorized length

► Insulation treatment oven

► Oven-thermic fluid heater

► Testing equipment

► Power analyser

► Regulator with oil (0-1600 Amp)

► Resistance bridge

Source

“Bharat Heavy Electricals Ltd-initiating Coverage” - Pankaj Sharma, Et Al, Equirus Securities (May 2016), accessed via ThomsonOne database

Page 13

High failure rate of distribution transformers

► Failure rate of distribution transformers in India is estimated at 10-15%,

which is much higher compared with <2% in other developing countries.

► Low entry barriers in the distribution transformer market have lead to

entry of many unorganized players that compete on price but compromise

on the quality. State electricity boards award them contracts as they offer

a much lower price. This results in high failure rate due to sub-standard

quality.

► Large number of transformers in India have been sent for repairs within

three years of installation, despite having an average operational life of

25-30 years.

Key considerations

Lack of testing facilities

► Transformer testing facilities in India are inadequate and only available at

Central Power Research Institute’s (CPRI) facilities.

► Therefore, manufacturers at times need to send their equipment to

overseas testing facilities, such as Korea Electrotechnology Research

Institute (KERI) and KEMA, which results in additional testing and

logistical costs, and higher lead times.

Inadequate availability of raw materials

► Inadequate supply of prime quality Cold Rolled Grain Oriented (CRGO)

steel is the biggest challenge faced by transformer manufacturers as

CRGO demand is completely met through imports.

► Moreover, sub-standard quality is a big issue as 70%, of the 250,000 ton

CRGO required annually, is scrap grade material.

Poor financial condition of state electricity boards (SEBs)

► SEBs have been facing losses due to the supply of subsidized power to

agricultural farmers, theft of power and inefficient T&D infrastructure.

► This has restricted private investment in the power T&D sector, thereby

reducing the quality of service from SEBs. This, in turn, is affecting the

capacity building program and transmission of power.

Project Information

Source:

“On A Threshold Of Transformation - India’s Transformer Industry”, Electrical India (July 2015), accessed via,

http://www.electricalindia.in/blog/post/id/5624/on-a-threshold-of-transformation-indias-transformer-industry

Page 14

Project Financials

Project specifications INR million % of overall cost

Land (125,000 sq mt @ INR ~1,440 per sq mt) 180 10.4%

Land development and civil works 305 18.6%

Plant and machinery 900 54.9%

Miscellaneous assets 63 3.8%

Contingencies and working capital 200 12.2%

Total cost 1648 100%

The total project cost of setting up a transformer manufacturing facility at Dahej, Gujarat, will be

~INR1650 million per annum for a transformer capacity of ~5,000 MVA.

► Project cost

The project cost is a ball park figure based on the cost (adjusted for inflation) and other metrics of

the following projects:

CompanyPlant

Location

Area

(sq mt)

Announced

Date

Capacity

(MVA per

annum)

Total Cost

(INR million)

TBEA Energy (India)

Private Ltd.

Vadodara,

Gujarat283,280 June 2014 20,000 10,000

Tarapur Transformers Ltd.Pali,

Rajasthan62,726

December

20091,200 341.4

Transformers and

Rectifiers (India) Ltd.

Sanand,

Gujarat41,812

December

200716,000 1020

Indo Tech Transformer Ltd.Chennai,

Tamil Nadu121,406

January

20062,400 306

Project structure

Project is likely to a be a private investment by:

► an existing electrical equipment company in pursuit of forward/backward integration

► new entrant(s) in the industry

► foreign investor(s) looking to enter Indian electrical equipment industry

Source

“Production starts at Alstom-Bharat Forge’s new turbine and generator manufacturing facility in India”, Alstom (May 2015), accessed via,

http://www.alstom.com/press-centre/2015/5/production-starts-at-alstom-bharat-forges-new-turbine-and-generator-manufacturing-facility-in-india-/

“L&t power bets Hazira facility will drive topline eightfold in four years”, accessed via, http://www.dnaindia.com/money/report-lt-power-bets-hazira-

facility-will-drive-topline-eightfold-in-four-years-1495445

“ABFPL's new turbine & generator production facility commences operations in Sanand”, Business Standard (May 2015), accessed via,

http://www.business-standard.com/article/companies/abfpl-s-new-turbine-generator-production-facility-commences-operations-in-sanand-

115052601541_1.html

Page 15

Project Financials

Means of financeDebt/equity ratio – industry average 0.42

Debt raised (INR million) 484 (30%)

Equity invested (INR million) 1154 (70%)

*Rest 60% is assumed to fall under labor cost which is included in VC

Capacity (MVA) 5,000

Average capacity utilization 75%

Production (MVA) 3,750

Revenue per unit (INR Lakh/MVA) – industry average 7.41

EBITDA margin – Industry average (FY15) 5.6%

Expected growth rate of Indian transformer industry (FY15-22) 30.7%

Time (years) 1 2 3 4 5 6

Revenue (INR million) 2,780 3,630 4,740 6,200 8,110 10,590

EBITDA (@5.6% of

revenue)= Cash flows 154 202 263 344 450 588

Cumulative cash flows 154 356 619 963 1,413 2,001

Investment (INR million) 1638

Estimated payback period: 5.4 years

► Payback period

Source

TBEA Energy India’s investment of INR1,000 crore in June 2014

Tarapur Transformers Ltd. Pali, Rajasthan 62,726 Dec-09 1,200 34.14 Transformers and Rectifiers (India) Ltd. Sanand, Gujarat 41,812 Dec-07

16,000 102 Indo Tech Transformer Ltd. Chennai, Tamil Nadu 1,21,406 Jan-06 2,400 30.6

Page 16

Approvals & Incentives

Gujarat Industrial Policy 2015

Government of Gujarat has announced an ambitious Industrial Policy, in January 2015, with the

objective of creating a healthy and conducive climate for conducting business and augmenting the

industrial development of the state.

Category of

Project Location

(Taluka)

% of eligible fixed

capital investment

entitled for

Incentive

% of Net VAT

reimbursement to

the unit

% of Net VAT to be

paid to

Government

Incentive period

(no. of years)

1 100 90 10 10

2 80 80 20 10

3 70 70 30 10

Net VAT incentive will be reimbursed to the industrial undertaking in one financial year will not

exceed one-tenth of the total amount of eligible incentive.

Quantum of incentives

Net VAT incentives

Classification of the Project Amount (in INR crore)

Ultra Mega Industrial Unit 500

Mega industrial Unit 400

Large Industrial Unit 150

Micro, Small or Medium Industrial Unit 50

Industries in the Sector can opt for either the general incentives under the Gujarat

Industrial Policy- 2015 or the incentives provided below if the proposed plant is an MSME

(i.e. Plant and Machinery cost is less than INR 10 crore): :

As per the Gujarat Industrial Policy-2015, following are the key incentives provided to the

manufacturing sector (including transformer manufacturing):

► Interest subsidy of 5% up to maximum amount of INR 25lakhs (~US$ 37,5001) per annum for

five years on the term loan of machinery and equipment anywhere in the state outside of

municipal corporation areas.

► Capital investment subsidy of 10% loan amount disbursed by Bank/Financial Institution up to

maximum amount of INR15 lakhs in Municipal Corporations areas.

► Assistance for technology acquisition from recognized institution for manufacturing products will

be provided by way of 50% of the cost payable subject to a maximum of INR5 million

(~US$75,0001), including royalty payment for first two year.

► Assistance for venture capital to raise promoter contribution in the form of equity or loan through

Gujarat Venture Finance Limited (GVFL).

The incentives under this policy will be available to all the Talukas listed in Government Resolution

dated 25/7/2016 except areas falling within municipal corporations.

Page 17

Approvals & Incentives

Approvals/clearance required Department to be approached and consulted

Incorporation of company Registrar of companies

Registration/Industrial license Secretariat if industrial assistance (SIA) for large and medium

scale industries

Allotment of land State industrial development corporation

No objection certificate (NOC) under air

and water pollution control acts

State pollution control board

Approval of construction and country

planning

► Town and country planning

► Municipal and local authorities

► Chief inspector of factories

► Pollution control board

► Electricity board

Finance For loans higher than INR 1.5 crore, all India financial institutions

like Industrial Development Bank of India(IDBI), Industrial Credit

and Investment Corporation of India(ICICI), Industrial Finance

Corporation of India(IFCI) etc.

Registration under state sales tax act

and Central and State excise act

► Sales tax department

► Central and state excise department

Code number for export and import Regional office of director general of foreign trade

Environmental clearance Ministry of environment, forest and climate change after

conducting environment impact assessment (EIA) for any project

Hazardous waste import and export

approval

Ministry of environment, forest and climate change

Exiting business Ministry of corporate affairs

Government of Gujrat has introduced single window facilitation portal for investors providing

undermentioned benefits:

► Centralized system to monitor applications.

► User friendly and simplified application process for investors.

► System for authorities and investors to check the status of applications.

► Increased departmental ownership.

► The unit shall be facilitated through ‘Investor Facilitation Portal’ for obtaining all the

necessary state approvals/ clearances - https://www.ifpgujarat.gov.in

► Indicative List of Approvals

Source

“Gujarat Textile Policy”, Industries and Mines Department, Government of Gujarat, 5 September 2012

Approvals required for setting up plant,

http://dipp.nic.in/English/Investor/Investers_Gudlines/approval_clearances_required_for_new_projects.pdf, accessed 8 July 2016

“Environment clearance” http://envfor.nic.in/major-initiatives/environmental-clearances, accessed 8 July 2016

“Gujarat single window clearance, https://www.ifpgujarat.gov.in/portal/jsp/aboutUs.jsp, accessed 8 July 2016

“Exiting business, http://www.mca.gov.in/MinistryV2/CloseCompany.html, accessed 9 July 2016

“Manufacturing Sector – Profile”, Vibrant Gujarat website, 7 October 2014

Industries Commissionerate website, http://ic.gujarat.gov.in/?page_id=3175, accessed on 1 June 2016

“Textile industry welcomes amended TUFS”, Business Standard, 2 January 2016

“Approvals” http://dipp.nic.in/English/Investor/Investers_Gudlines/FAQ_GrantIndustrialLicence.pdf, accessed 27 June 2016

“List of defence equipment requiring industrial license”, http://dipp.nic.in/English/acts_rules/Press_Notes/pn3_2014.pdf

This project profile is based on preliminary study to facilitate prospective entrepreneurs to assess a prima facie scope.

It is, however, advisable to get a detailed feasibility study prepared before taking a final investment decision.

Name of contact officer: Mr. Arvind Agarwal

Designation: Additional Chief Secretary

Department: Industries & Mines Department,

Government of Gujarat

Phone:+91 02712 50703, 50701

Email: secimd@gujarat.gov.in

www.imd-gujarat.gov.in

Gujarat Industrial Development Corporation

Industries & Mines Department

Office of Industries Commissioner

www.gidc.gov.in

www.imd-gujarat.gov.in

www.ic.gujarat.gov.in

Industrial Extension Bureau

www.indextb.com

http://dhi.nic.in/UserView/index?mid=2409

Ministry of Heavy Industries and Public Enterprises