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INDIAN STATE : TAMIL NADU
Investment Incentives
- Considering that the focus is on investments to
promote infrastructure and common facilities, the
state plans to restructure incentives and subsidies
in the following manner:
- Government will at its discretion offer specific
packages to single investments exceeding US$ 65.0196
million made in eligible fixed assets within a period
of not more than three years from the date of project
approval.
- Incentives for new units investing in eligible fixed
assets will be restricted to the following:
- US$ 10.83 million and above and below US$ 21.6761million
would be eligible for a capital subsidy of US$
54,201.03 and exemption from electricity tax for
the first three years of commercial production.
- US$ 21.6761 and above and below US$ 43.3521
million would be eligible for a subsidy of US$
108386.66 and exemption from electricity tax for
the first four years of commercial production.
- US$ 43.3521 million and above would be eligible
for a subsidy of US$ 216,780 and exemption from
electricity tax for the first five years of commercial
production.
- This subsidy will be payable after commencement
of commercial operations. Location in a Government
promoted Industrial Park will
entitle new units to 150% of the above standard capital
subsidy.
- One time reimbursement for patent registration after
1.1.2004 up to 50% of expenses or US$ 2170.02 (whichever
is lower) to any production unit in Tamil Nadu.
- Critical infrastructure subsidy of 25% of capital
cost or US$ 54,201.03 (whichever is lower) for setting
up Effluent Treatment Plants/Waste Disposal Sites.
- For approved private industrial parks irrespective
of location, a back-ended subsidy claim of 10% of
the investment subject to a maximum of US$ 21.676
million will be entertained subject to the location
of 50 units or more and provision of employment to
at least 2500 persons.
- For assisting SMEs, a Centre in collaboration with
and managed by industry will be set up to focus attention
on resource based technology promotion, technology
commercialization, waste management technologies,
technical problem solving, technology upgradation
(unit level and sectoral), promoting innovation, IPR
protection facilitation and IPR awareness/training.
Government will provide a one-time Corpus and reimburse
a part of the running costs of such a Centre for three
years.
Policy Framework
The Industrial Policy 2007
The following are the
key objectives of the Industrial Policy:
- To position Tamil Nadu as the most attractive investment
destination.
- To facilitate industry capturing a larger share
of world trade in goods/services.
- To reform regulatory processes and remove procedural
hurdles in
business.
- To enable integration of existing industrial clusters
with global supply
chains.
- To build efficient and dependable industrial infrastructure.
- To develop human resources and intellectual capital
to world standards.
- To encourage symbiosis with SMEs in major industry
clusters.
Full
text of the policy (.pdf)
IT Policy
2002
The objectives of the IT Policy of 2002 are:
- To establish Tamil Nadu as the destination of choice
for IT investments.
- To upgrade the quality of life for the citizens
through e-governance and IT applications in Government.
- To empower people in the rural areas so as to bridge
the Digital Divide
- To develop research and development initiatives
- To promote use of Tamil in Information Technology
Full
text of the policy (.pdf)
ITES Policy 2005
The objectives of ITES Policy 2005 are:
- To get the maximum global ITES investments to Tamil
Nadu
- To develop Human Resources specific to ITES Sector
- To create world class infrastructure for IT &
ITES and an enabling frame work for protection of
intellectual property and data
- To generate employment and other ITES opportunities
in major cities in Tamil Nadu
- To provide a conducive environment for the sector
by reducing regulations and increasing opportunities
Full
text of the policy
Investments Opportunities
- Engineering, Automobiles and Components
- Software & ITES
- Bio technology, Pharma and Herbal based products
- Agro and Food Processing
- Health care
- Tourism related projects
- Infrastructure
- Chemicals and petro-chemicals
- Textiles, garments and home furnishings
- Leather products
Industrial Parks
| Bargur Industrial
Park |
Manamadurai industrial
park |
| Cheyyar Industrial
Park |
Nilakkottai Agro
Park |
| Cuddalore Industrial
Park |
Oragadam Industrial
Park |
| Gangaikondan Industrial
Park |
Perundurai Industrial
Park |
| Export Pomotion
Industrial park at Gummidipoondi |
Pudukkottai Industrial
Park |
| Gummidipoondi industrial
Park |
Ranipat Industrial
Park |
| Hosur Industrial
complex |
Siruseri IT Park |
| Industrial complexes
of SIPCOT |
Sriperumpudur Industrial
Park |
| Irungattukottai
industrial park |
Thoothukudi Industrial
Park |
| Mahindra City (Mahindra
Industrial Park Ltd.) |
Tidel Park |
Key players in Tamil Nadu
Useful Web links
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