IndiaCatalog.com
India States Directory
Search Web Directory
  Andhra Pradesh
  Arunachal Pradesh
  Assam
  Bihar
  Chandigarh
  Chhattisgarh
  Dadra Nagarhaveli
  Daman Diu
  Delhi
  Goa
  Gujarat
  Haryana
  Himachal
  Jammu Kashmir
  Jharkhand
  Karnataka
  Kerala
  Lakshadweep
  Madhya Pradesh
  Maharastra
  Manipur
  Meghalaya
  Mizoram
  Nagaland
  Orissa
  Pondicherry
  Punjab
  Rajasthan
  Sikkim
  Tamilnadu
  Tripura
  Uttar Pradesh
  Uttaranchal
  West Bengal

City Search
  Agra
  Ahmadabad
  Amritsar
  Bangalore
  Bhopal
  Bhubaneswar
  Bombay / Mumbai
  Calcutta / Kolkata
  Coimbatore
  Gurgaon
  Hyderabad
  Jaipur
  Kakinada
  Lucknow
  Madras / Chennai
  Mangalore
  New Delhi
  Panaji / Goa
  Pune
  Srinagar
  Surat
  Thiruvananthapuram
  Tirupathi
  Vijayawada
  Visakapatnam
            more cities..
KNOW INDIA
Uttaranchal
Economic Infrastructure
Major Industries
Policy Framework
Social Infrastructure

click on image for zoom

INDIAN STATE: UTTARAKHAND

Policy Framework

Industrial Policy 2003

The aim of the policy is to provide a comprehensive framework to enable a facilitating, investor friendly environment for ensuring rapid and sustainable industrial development in Uttarakhand and, through this, generate additional employment opportunities and to bring about a significant increase in the State Domestic Product and eventual widening of the resource base of the State. The policy shall remain in force for a period of 5 years.

Full text of the policy (.pdf)

IT policy

Objectives of the policy

  • Encourage the use of IT in the Government not only as a tool for management and decision support systems but also re-engineer the processes of the government to provide a more efficient, transparent, accountable and responsive government to its citizens.
  • Upgrade the quality of life of citizens of the state by facilitating easy access to consumer applications of IT.
  • Encourage private sector initiatives for the development of world class IT infrastructure adequate for the needs of the citizens, the industry and the government.
  • Upgrade and develop manpower skills required for the IT industry and to accelerate the use of IT in schools, colleges and other educational institution with a view to providing skills and knowledge to the youth so as to render them fit for employment in this industry.
  • Use IT as GDP driver by promoting IT industry in the State, developing the State as an attractive IT destination with a view to generate employment for youth in this sector thereby raising their earning capacity and simultaneously realizing the export as well as domestic revenue potential in this sector.

Full text of the policy

Investment Incentives

  • 100% Central Excise exemption for 10 years on items other than those mentioned in the negative list in the concessional industrial package announced by the central government.
  • 100% income tax exemption for first 5 years and 30% for next 5 years for the Companies and 25% for others
  • CST @1% for 5 years
  • Capital investment subsidy @15% with maximum of Rs. 30 Lakhs (Rs. 3 million).
  • Central transport subsidy extended till 2007.
  • Exemption from entry tax on Plant & Machinery for setting up Industry or undertaking substantial expansion and modernization
  • Land use conversion and development charges and regime will be rationalized
  • Stamp duty concession will be provided in respect of land in specialized commodity parks, including I.T. parks
  • Interest incentive @ 3% with a maximum of Rs. 2 Lakhs per annum per unit shall be provided to New Small Scale Industries (SSIs) and existing SSIs for modernization and substantial expansion, provided they have available loan from State level Financial Institutions or Banks operating in Uttarakhand and not defaulted in payment of principal or interest installments. However, for S.S.I. units and units notified as Thrust Industries being set up in remote areas, the interest incentive shall be granted @ 5% with a maximum of Rs. 3 Lakhs/annum. The interest incentives shall be admissible to the unit only if it remains in operation for last installment, failing which the Government will have the right to recover the amount of incentive availed.
  • For the purpose of Interest Incentive, substantial expansion shall mean additional investment of not less than 25% of the underpreciated book value of plant and machinery of an industrial unit
  • For the purpose of the Interest incentive, modernization of new existing Industrial units means additional investment to the extent of 25% of the underpreciated book value of plant and machinery, made in acquisition of plant and machinery and technical know-how for such modernization
  • For revival/rehabilitation of sick SSI units, interest incentive @ 3% with a maximum of Rs. 2 Lakhs per annum shall be provided on the loan taken under fully tied up revival and rehabilitation package from financial institutions, banks etc. For entrepreneurs in remote areas the interest incentive will be granted @ 5% with a maximum of Rs. 3 Lakhs per annum. The interest incentive shall be admissible to the units only if it remains in operation for minimum of 3 years from the date of date of disbursement of last installment, failing which Government will have the right to recover the entire amount of incentive availed
  • In the case of sick non-SSI units, Government will sympathetically consider measures required under revival/rehabilitation package drawn by Operating Agency/Financial Institutions/Banks
  • 100% exemption on Entertainment tax will be allowed for Multiplex project in the State for period of three years, and for all new amusement parks and ropeways for five years.
  • 75% of the Total Expenditure subject to a maximum of Rs. 2 Lakhs incurred in obtaining national/internationally approved quality marks such as ISO series certificate etc., shall be reimbursed to the entrepreneurs provided that the reimbursement/grant availed for this from all sources should not exceed the total expenditure on this head
  • 50% of the expenses subject to a maximum of Rs. 1 Lakhs incurred in installing pollution control equipments shall be reimbursed to the entrepreneurs, provided that the total reimbursement/grant availed for this from all sources should not exceed the total expenditure on this head.
  • 75% of the cost subject to a maximum of Rs. 2 Lakhs shall be made available to the entrepreneurs in the shape of assistance for registering their patents, provided that the total reimbursement/grant availed for this from all sources should not exceed the total expenditure on this head.
  • For educated unemployed youth, financial loan assistance for project upto Rs. 2 Lakhs in case of Manufacturing/Services Industry and project upto Rs. 1 Lakhs in business sector shall be available under the "PRIME MINISTER ROZGAR YOJNA" with subsidy of 15% of the project cost subject to a maximum of Rs. 15,000. Age limit has also been relaxed under this scheme from 35 years to 40 years
  • Industries generating employment opportunities shall be encouraged
  • Purchase preference and price preference will be given to State SSIs in State purchases
  • Purchase preference shall be accorded to Non-SSI units within the State vis-à-vis units outside the State
  • Matching State subsidy on approved projects of National Horticulture Board (NHB), Agriculture & Processed Food Products Export Development Authority (APEDA), National Medicinal Plants Board (NMPB) subject to a maximum of Rs. 20 Lakhs and subject to a total subsidy not exceeding over 50% of the project cost.

Industrial Estates

  • Well equipped industrial estates are being developed in the following areas in the state:
    • Industrial Estate, Haridwar
    • Integrated Industrial Estate, Pantnagar
    • Integrated Industrial Estate, Sitarganj
    • Development Centre, Kotdwar
    • Pharma City, selakui, Dehradun
    • Sixty acre IT park, Sahasrdhara Road, Dehradu
  • In the districts Udhamsingh Nagar, Haridwar, Dehradun 18 private-public and cooperative industrial estates are being developed on 800 acres of land with private - public participation.
  • An ultra modern industrial estate developed in Haridwar on 2000 acres of land.
  • Hindustan Unilever Ltd., Mahindra & Mahindra, ITC, Kirby and other leading industrial houses have established their units in these estates.
  • Under the industrial package, 180 large, medium and small scale industrial units established by the end of 2005.

Useful Web Links


  India Catalog Directories
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India City Guide, India Free Classifieds
    © 1999 - 2014 IndiaCatalog.com
    All Rights Reserved
Privacy Statement