INDIAN STATE : MIZORAM

Investment Opportunities

Bamboo and timber based industries

• The state has vast bamboo resources that can be exploited to set up bamboo based manufacturing units.
  
• Bamboo is a major input in various industries such as agriculture, construction, handicrafts, etc.
  
• There exists huge potential of earning revenue through exports of bamboo products.
  
• The state encourages timber and bamboo industry.
  
• The Mizoram government invites private investors and FDI for setting up industrial units for making bamboo chips, bamboo mat ply, toothpicks, bamboo blinds, chopsticks, incense sticks, either in joint venture with the Mizoram Bamboo Development Agency or with the local entrepreneurs.
  A separate bamboo policy has been announced for the development of bamboo sector.

Agro- horticulture sector

• The climatic condition is very favorable for cultivation and growth of various kinds of fruits.
  
• The environment is also conducive for poultry, animal husbandry and mushroom cultivation.
  
• The various potential agro-horti products are sesame, Tung, cotton, orchids, coffee, tea, bird-eye chilly.

Food processing

• There exists immense potential for the production of
  
• Food products like squash, jam, jelly, fruit bars, fruit pulp, dried fruit.
  
• Vegetable products like dried vegetable canned vegetable, mixed pickle, tapioca, potato chips, sago and starch.
  
• Spice products like spice oils and spice oleoresin.

Mines and Minerals sector

• A number of minerals like shell limestone, coloured hard sandstone, clay mineral, coal seam, oil and natural gas are available in the state.
  
• The government will give special attention to units based on indigenous and imported gems and gemstone.

Handloom and handicrafts

• Modernization of this sector by induction of improved design and technology to make it an export-oriented sector is encouraged by the state.
  
• There are potentials in developing bamboo crafts and readymade garments made out of specially designed local handloom clothes, which can be exported and marketed outside India.

Tourism sector

• Mizoram with its soothing climate and exquisite natural beauty resting on the undulating hills and greenery offers good scope for developing tourism Industry.
  
• There are various development avenues in tourism and related sectors such as
  
  • Cultural, adventure and wildlife, eco tourism, etc
    
  • Amusement parks, other leisure & entertainment units (including sports)
    
  • Health farms
    
  • Hotels & Lodges
    
  • Travel Agencies, tour operators, and tourist transport services
    
  • Convention/ Seminar Centers

Information technology

• The pollution free atmosphere of the state is congenial for the development of this sector.
  
• High literacy rate prevalent in the state facilitates the IT industry.
  
• A separate IT policy has been announced to encourage investment in this sector.

Investment Incentives

To encourage flow of capital into the industrial sector, the state government has announced an attractive investment package, which includes the following

• Subsidies on the cost of project report
  
• Land subsidy
  
• Factory rent subsidy
  
• Manpower development subsidy
  
• Interest subsidy
  
• Power subsidy
  
• Subsidy on power line
  
• Subsidy on power generating set
  
• State transport subsidy on plant and machinery

In addition to the above benefits, the government of Mizoram offers the following incentives under the New Industrial Policy (2000)

State capital investment subsidy

• An investment subsidy on the total investment made in plant and machinery will be provided on a graded scale to the new industrial units.
  
• It will be available to both new units as well as the existing units for the purpose of expansion, diversification and modernization.

Concession on state and central sales tax

• State Sales Taxes shall be exempted for a period of 7 year from the date of commencement of actual commercial production. However, for the units set up in the thrust area, the exemption period will be 10 years.
  
• Various Notifications/Orders issued by Government of India in this regards will govern exemption of Central Sales Taxes and Excise duties.

Price Preference

Price preference will be given for the products of local units as per the provisions of Mizoram preferential stores purchase rules 1994.

• Subsidy on registration fee of promotion council, commodity board and chamber of commerce
• The amount spent by an industrial unit in obtaining a registration with recognized promotion council, commodity board, chamber of commerce etc., shall be reimbursed to the unit subject to a limit of Rs.20, 000/- or the actual registration fee which ever is less.

Incentives for export oriented units

• For 100% Export Oriented Units (EOU) An additional 5% capital investment subsidy for investment on plant and machinery subject to a maximum of US$ 10852.54 will be made available to100% EOUs.
• Other units with an export commitment of less than100% of the total turn over: An additional 2% of capital investment subsidy for investment of plant and machinery subject to a maximum of US$ 4,339.06 will be made available to units of less than 100% export commitment.