New ports and shipyards on anvil
The Gujarat government has projected a revenue account surplus of Rs 52 crore for 2008-09. It earned a revenue account surplus of Rs 2,340 crore in 2007-08
(RE), better compared to Rs 1,651 crore (BE) for the year and Rs 1,770 crore for
2006-07. The gross fiscal deficit for 2008-09 is projected at Rs 876 crore,
which after taking into account fresh levies, would be Rs 116 crore. The ratio
of GFD to State GDP has stabilised at around 3 per cent. The state government
has budgeted for revenue receipt of Rs 38,278 crore (+9.4 per cent) and revenue
expenditure of Rs 38,226 crore (+17 per cent)
The state has projected 11.2 per cent growth for the 11th Plan, bettering 10.4
per cent in the 10th Plan. The state plan expenditure over the 10th Plan was Rs
49,415 crore, exceeding the allocated amount of Rs 47,000 crore. The allocation
for the 11th plan is Rs 103,619 crore.
The annual plan for 2008-09 has been fixed at Rs 21,000 crore, against Rs 16,000
crore for 2007-08. Social services like education, health, drinking water,
housing, child and women development etc., get a combined allocation of Rs 8,171
crore. Sardar Sarovar Project gets Rs 3,255 crore; Sujalam Sufalam Yojana Rs 818
crore; rural development Rs 672 crore; agriculture Rs 1,250 crore; energy Rs 750
crore; and transport Rs 1,732 crore.
Phase-I of the multipurpose Kalpasar water reservoir project consisting of land
and marine surveys are complete. An amount of Rs 40 crore has been allocated for
the project, also known as the Gulf of Khambhat Development Project.
The Gujarat government also plans to set up huge shipyards along its 1,600-km
coastline. Offers have been invited for development of nine greenfield ports at
Mahuva, Khambat, Sutrapada, Vansi-Borsi, Mithi-Viradi, Simar, Bedi, Modhva and
Maroli, as also extension and improvement of Magdalli, Navalakha, Okha and
Bhavnagar through strategic partnerships. Offers are also invited for existing
site at Dahej and a new site near Porbandar.
The state government has proposed to issue letters of intent for a 360-mw power
plant at Dhuvaran and lignite-based 500-mw at Bhavnagar. Also, 800 mw additional
power is to be generated through non-conventional sources. Roads and buildings
are allocated Rs 1,650 crore, up from Rs 1,476 crore in 2007-08. Pragati Path,
Vikas Path and Pravasi Path get Rs 209 crore for 627 km of roads. It is also
proposed to develop 3,400 km of roads with Rs 9,000 crore of private investment
in addition to 1,800 km at Rs 2,000 crore investment in state sector.
[May 26-June 1, 2008]