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INDIAN STATE :
TRIPURA
Investment Incentives
The state of Tripura has launched the "Tripura
incentive scheme, 2002" (valid till March 2007)
under which the following incentives and concessions
have been provided:-
Capital Investment Subsidy
- All eligible units will be entitled to a 30 percent
subsidy on fixed capital investment, subject to a
ceiling of US$ 65,105.01 in each case.
- Additional subsidy at the rate of 5 percent will
be provided on fixed capital investment to the industries
in the identified thrust sectors.
- Export oriented units will be entitled to an additional
5 percent subsidy on fixed capital investment.
Price Preference
- Subject to the unit meeting the quality, delivery
and other specifications of the purchaser state government
Agencies, up to 10% price preference will be given
on all purchases by state government agencies (including
departments / corporations / undertakings / autonomous
bodies of the state government) on products manufactured
in Tripura, by eligible units, for which they are
registered and the same shall be governed by the notifications/
orders issued by the government from time to time.
This shall further be subject to certain prerequisites.
Exemption from Earnest Money and Security Deposits
- All eligible units will be exempted from the payment
of earnest money and security deposits for items for
which they are registered, on tender by the state
government agencies (including departments/ corporations/
undertakings/ autonomous bodies of the state government).
Reimbursement of the Tripura Sales Tax
- Subject to the Notification to be published by the
state government in the Finance department, in exercise
of powers conferred under relevant sections of the
Tripura sales tax act, 1976, reimbursement of state
sales tax, shall be given to the industrial units,
subject to the certain specified conditions.
Partial Reimbursement of Interest Paid
- All eligible units will be entitled to a reimbursement
of interest paid to the banks/ financial institutions,
at the rate of 4% on the term loans availed by them,
for 5 years from the date of setting up, provided
that the units have no interest liabilities overdue
to the banks/ financial institutions and subject to
a ceiling of US$ 650.256 per year per unit.
Reimbursement of Standard Certification Fees/Charges
- All eligible units will be entitled to full reimbursement
of fees/ charges on account of obtaining a standard
certification, subject to the condition that any other
reimbursement against these from central government
or any other source shall be deducted and further
that the re-imbursement shall be subject to a ceiling
of US$ 1083. 75 per unit.
Special Incentives for IT Industry
- The Government of Tripura will give the same status
to the sector of IT-enabled services as is given to
the sector of software development.
- IT software industry will be exempted from locational
regulations.
- The IT software industry will be exempt from the
provisions of certain acts/ regulations, like Pollution
Control Act, Factories Act and Contract Labour (Regulation)
Act to facilitate easy setting up of software units.
- Department of Industries & Commerce shall create
a separate area for setting up the units for major
IT companies. This area shall be designated as an
IT park. The state govt. would provide basic infrastructural
facilities at the designated IT park, including uninterrupted
power supply. In case the unit wants to set up its
own captive power generation, no permission would
be required from any agency for DG sets up to 50 KVA.
The land may be allotted in these areas at concessional
rates for IT units, subject to their giving employment
to a minimum of 20 persons from the State.
- The state government will also set up a software
technology park in Agartala with the help of STPI,
a registered society under Department of Electronics
(Ministry of Information Technology, Govt of India).
In this park, provisions will be made for single -
window clearance for software development units to
be set up, as per the existing schemes of Government
of India. The state government will administer the
software technology park through a designated agency
/ corporation.
Other Major Projects in Tripura
| (i) |
New railway line
from Kumarghat to Agartala totaling 109 Kms being
constructed at a cost of Rs.880 crores has been
declared as "National Project" and is
targeted for completion in the year 2007. This will
connect state capital of Tripura with the railway
network and will facilitate transportation to Agartala.
Railway line from Kumarghat to Manu (21 Kms) has
already been completed and lines from Manu to Agartala
(89 Kms) is targeted for completion during 2007. |
| (ii) |
Under the economic importance
for development of state roads/major district roads
and other roads Rs.7.53 crores have been provided |
| (iii) |
Projects worth Rs.247.41 crore
have been approved under Non-Lapsable Central Pool
Of Resources (NLCPR), which include amongst others
(a) 21 MW Gas thermal project at Rokia (Unit VIII);
(b) Sub transmission and distribution (3 projects);(c)
construction of north and south district hospitals
along with some components of 150 bedded Dhalai
district hospital;(d) Government Medical College
and Hospital Project; (e) State level para medical
institute at Agartala in Tripura, etc. |
| (iv) |
Under Accelerated Power Development
and Reform Programme (APDRP)
projects estimated to cost Rs. 119.20 crores have
been sanctioned. |
| (v) |
Conversion of Tripura University,
Agartala into Central University has been
approved at an estimated cost of Rs.38.27 crore
(nonrecurring) and Rs.9.82 per
annum. |
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