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Gujarat to refund PF contribution by IT companies
Chennai: In a bid to attract IT companies to Gujarat, the government plans to refund of provident fund (PF) contribution made by the companies, it was announced Thursday.
Gujarat’s Finance Minister Saurabhbhai Patel said the state would come out with a new policies vis-a-vis industries in IT and others before the `Vibrant Gujarat 2015-The Global Business Hub’ event is held in January.
Delivering the keynote address at the roadshow for the event here, Patel told: “For IT companies the major capital outgo is on land and building. We will come out with a policy on refunding the PF contribution made by the IT companies.”
Queried whether a similar facility would be extended to manufacturing units, he said the manufacturing units have various subsidies like value added tax (VAT).
According to Patel, the state would come out with a new IT policy in two or three days.
He said the proposed policy for micro small and medium enterprises (MSME) will offer more benefits for the units in this sector.
He said big groups have taken up space for IT related activities in the state at the Gujarat International Finance Tec-City (GIFT), developed as a global finance hub.
Patel said the government will soon come out with a new industrial policy and new sectoral policies for MSME.
Answering questions from the audience, Patel said the state had given permission for de-notification of special economic zones as the segment turned unattractive owing to changes in the tax policies of the central government.
“We have given our nod for de-notification of SEZs as our focus is on encouraging manufacturing in the state.”
Patel said the government planned to make Gujarat a textile hub.
To a question on wheeling surplus power to Tamil Nadu, he said the lack of transmission facilities had forced the state to back down on power generation to the tune of around 5,000 MW.
“So the focus is on manufacturing sector to generate and use the power. Once the grid connectivity is there, we can enter into long term contract to supply power to Tamil Nadu.”
Patel said though the state had an installed power capacity of around 23,000 MW, the power need was only around 13,000 MW.
Atanu Chakraborty, principal secretary in the industries and mines department, said Prime Minister Narendra Modi would inaugurate the Gujarat event.
He said the exhibition area will be around one million sq feet and over 1,000 companies are expected to showcase their products and services.
According to Chakraborty, over 10,000 international delegates were expected to be present from over 100 countries.
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.