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SIDCUL Haridwar at a Glance

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Uttaranchal / Uttarakhand Industrial Policy

PREFACE:

The aim of this policy is to provide a comprehensive, investor friendly environment for ensuring rapid and sustainable industrial development in Uttarakhand and, through this, to generate additional employment opportunities and to bring about a significant increase in the State Domestic Product and eventual widening of the resources base of the State. This will be termed as the New Industrial Policy, 2003, and shall remain in force for a period of five years.

VISION:

To create high quality world class Infrastructural facilities in the State and improve Connectivity to the National Capital Region (NCR) and other leading markets in particular.
To provide single window facilitation in the State to expedite projects clearances and provide an investor friendly climate.
To provide and facilitate expeditious land availability for setting up of Industrial ventures and create Infrastructural facilities for easy operation of the projects.
To promote and encourage private sector participation in the development and management of infrastructure projects such as industrial Estates/Areas, Growth Centers, , IIDCs, Special Economic and Commodity Zones and Parks, Theme Parks, Tourism Infrastructure, development of new tourist destinations, Airports/ Helipads/ Airstrips, Roads, generation, transmission and distribution of power, and projects in the area of Horticulture, Floriculture, Bio-technology etc.
To provide assured, good quality, uninterrupted and affordable power for industries.
To simplify and rationalize labour laws and procedures in tune with the current day requirements, while ensuring that the workers get their due share in the economic prosperity of the State.
To promote, in particular, Small scale, Cottage and khadi and Village Industries and Handicrafts Silk and Handloom sectors, assist them in modernization and technological up-gradation and provide the necessary common facilities and backward and forward linkages, including product design and marketing support so as to make them globally competitive and remunerative.
To address problems of sickness and incipient sickness in Industry, particularly SSIs and facilitate required restructuring and rehabilitation, etc. in coordination with the Banks and financial institutions.
To promote Industries based on local resources particularly in the Areas of Agriculture, Horticulture, Agro & Food Processing and Floriculture.
To promote planned and scientific exploitation of the mineral resources of the State and maximize value addition within the State.
To promote leading edge technologies and sunrise industries in the State in the areas of Information Technology and Bio-Technology.
To promote public/private sector involvement in generation of power and strengthening of the transmission and distributions networks.
To promote Tourism as a focus area and develop Uttarakhand as a premier Global Tourism destination.
To provide special attention for setting up Industries in remote areas.
To develop and strengthen air road, rail and other connectivity.
To develop Uttarakhand as a premier education and research center by leveraging the presence of world-class research and technical institute existing in Uttarakhand.

FISCAL/ REBATE:

100% Central Excise exemption for 10 years on items other then 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 subside @15% with a maximum of Rs. 30 lakhs (Rs. 3 million).
Central transport Subsidy extended till 2007.
Exemption from entry tax on plant and machinery for setting up industry for undertaking substantial expansion and modernization.
Land use conversion and development charges and regime will be rationalized.
Stamp duty concessions 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 availed loan from State level Financial Institutions or Banks operating in Uttarakhand and not defaulted in payment of principal or interest instalments. 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 incentive shall be admissible to the unit only if it remains in operation for a minimum of three years from the date of disbursement of last instalment, failing which the Government will have the right to recover the entire amount of incentive availed.
For the purpose of Interest Incentive, Substantial Expansion shall mean additional investment of not less than 25% of the undepreciated book value of plant and machinery of an industrial unit.
For a purpose of the Interest incentive, modernization of new existing Industrial units means additional investment to the extent of 25% of the undepreciated book value of plant and machinery, made in acquisition of plant and machinery and technical know-how for such modernization.
100% exemption on Entertainment tax will be allowed for Multiplex projects in the State for a 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 lakh 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 projects upto Rs. 2 lakhs in case of Manufacturing/Service Industry and projects upto Rs. 1 lakh 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.
Matching State subsidy on approved projects of National Horticulture Board (NHB), Agricultural & Processed Food Products Export Development Authority (APEDA), National Medicinal Plant Board (NMPB) subject to a maximum of Rs. 20 lakhs and subject to a total subsidy not exceeding over 50% of the project cost.

INSTITUTIONAL MECHANISM :

SINGLE WINDOW CONTACT, INFORMATION AND FACILITATION :

This would be operative in the District Industries Centres at the District level and State Industrial Development Corporation of Uttarakhand Limited (SIDCUL) at the State level. These Centres would be providing all information and escort services to the entrepreneurs.

SINGLE WINDOW CLEARANCE MECHANISM :

At the District level, a committee headed by the District Magistrate will be setup to act as a forum for facilitating single window clearances.
The DIC and SIDCUL shall function as the secretariat for these District and State level Committees respectively.

LAND :

The State Government is developing and promoting Industrial Estates all will provide lands plots to the entrepreneurs keeping in view their requirements, preference and availability at the earliest. Stamp Duty concessions will be provided for plots in designated theme parks and specialized commodity estates, including IT parks. Land use conversion and development charges and regime shall be rationalized.
The Government has identified Industrial Areas to be notified with reference to the Industrial Package announced by the Government of India. Such areas will be notified from time to time as per need. The State Government will, wherever necessary, facilitate the entrepreneurs to secure land in such areas.

PRIVATE SECTOR PARTICIPATION :

The State Government also invites private sector participation in development of infrastructure projects including specialised Industrial Estates and Special Economic Zones, Export Zones, Food Parks, Theme Parks, Biopolis, Tourism Destinations, Generation, Transmission & Distribution of Power, Roads, Airports, ICDs, Integrated Industrial Townships, Civic Infrastructure, etc.

FINANCE :

The State Government through SIDCUL alongwith Consortium of Bankers and Financial Institutions shall endeavour to arrange timely and adequate credit to the entrepreneurs. The State will also endeavour to arrange to mobilize venture capital for suitable projects from existing venture capital funds and also consider setting up such a fund in the State.

POWER :

As per Electricity Reforms Act, the teriffs are to be determined and regulated by the State Electricity Regulatory Commission. However, with the addition of capacities, augmentation of existing capacities and expansion and revamping of transmission and distribution network, power will be available to Industrial units in the State at the attractive and competitive rates.
There is no restriction in the State in using power during the peak hours. However, the teriffs for continuous and non-continuous supply is to be fixed by the Regulatory Commission.
District level Udyog Mitra will sanction load upto 50 BHP, and the load above 50 BHP will be sanctioned by the Regional Committee of the Uttarakhand Power Corporation Limited (UPCL).
The minimum charges shall be subsumed in the monthly bill.
Industrial consumers shall also have the option to lay their own line from the nearest sub-station of the UPCL through registered engineers/contractors at their own cost.

BIOTECHNOLOGY :

Biotechnology (BT) is poised to make significant contributions in agriculture, human and animal health care, environment management and process industries. Rare species of plants and animals found in the State, add to its natural advantage in this sector. In this context, a MOU has already been signed between Rabo India Finance Company, Infrastructure Development Finance Company and the G.B. Pant University of Agriculture & Technology in order to forge strategic cooperation to jointly pursue initiatives in the sphere in food and agriculture sectors. A high level Biotechnology Board is also being set up under the Chairmanship of the Hon’ble Chief Minister.
The strategy of the State will include the following:-
Units coming up in this sector, including the R & D units in this field, shall be accorded Industry status and the provisions made for the IT sector shall be made applicable to this sector.
Establish an internationally competitive business infrastructure and environment for the BT Industry in the State.
Develop Uttarakhand as a centre of excellence in biotechnology by providing necessary education and training facilities for the creation of a large pool of multi-skilled, technically competent manpower and organizations for state of the art biotechnology research in the State.
A Biotechnology Park will be developed near Pantnagar to achieve the vision of the Government. The proposed Biotechnology park will integrate resources and provide amongst others, a focused institutional set up for accelerated commercial growth of Bio-technology and Bio-Informatics.

TOURISM :

Uttarakhand offers immense opportunities for development of a vast array of tourism, infrastructure related activities and services.
The State Government has set up Statutory Uttarakhand Tourism Board under the Chairmanship of the Hon’ble Minister of Tourism to function as an apex body for development of Tourism in the State.
A shelf of projects has been prepared through reputed consultants for development through private sector. Further, such opportunities will be identified on a continuing basis. Various options for public / private partnership in the Tourism sector would be available.
Tourism Industry has been accorded the, status of a thrust in the State.
100% exemption on Entertainment tax will be allowed for all new Multiplex projects in the State for a period of three years.
A detailed separate Tourism Policy has also been formulated under which:
New tourism units will be allowed rebate/deferment facility in respect of luxury tax for a period of five years from the date of commencement.
New Ropeways installed in the State will be exempt from payment of entertainment tax for a period of five years from the date of commencement.
New Amusement parks set up will be exempt from Entertainment tax for a period of five years from the date of becoming fully operational.

INFORMATION TECHNOLOGY :

The State is naturally endowed and has all pre-requisites for developing as a preferred destination for IT & ITES along with hardware production.
IT and IT related services have been accorded Industry status.
Uttarakhand offers high speed connectivity with the establishment of an STPI Earth Station at Dehradun and proposed Earth Station at other locations. Other reliable connectivity’s available in the State are by BSNL and Reliance.
A dedicated IT park is already coming up in Dehradun & other are planned in other parts of the State.
Land use and conversion charges and regime are being rationalized.
IT and IT enabled services will be accorded public utility status. Relaxation of norms will be given for the working of women in all three shifts subject to proper controls, facilities & infrastructure.
Exemption on Electricity duty on Generator sets will be given for IT Industry established in IT Parks/ Industrial Estates.
Stamp Duty Concessions will be given to units located in IT Parks.
The State Government will provide free Bandwidth up to 2 mbps to all IT Software Companies/ IT enabled service based Companies, Call Centres, BPOs etc. for 1 year, subject to the following stipulation :-
Hardware/Installation cost would be borne by the applicant.
The Bandwidth will be non-sharing and non-transferable.
The Entrepreneur/Company can connect to BSNL/VSNL/STPI or any private service provider for the said Bandwidth. However, the cost of the said Bandwidth would be kept at the rates offered by STPI/BSNL.
The following criteria will be adopted for providing the connectivity :

(a) Category-1 :

Call Centres.

25 Seater - 512 KBPS.

50 Seater - 1 MBPS.

100 Seater - 2 MBPS.

(b) Category-2 :

Offline BPO and such other establishments: 1/4th of the above.

Online BPO and such other establishments: 1/2 of the above.

(d) Category-4 :

Combination of activities: subject to maximum prescribed in 1st category.
Cyber Cafe/It establishments for entertainment of people are excluded from the purview of this offer.
The commencement date would be the date of first connect and the offer of an incentive is for continuous one year and cannot be availed in patches.

EPILOGUE :

The State Government with these initiatives coupled with the Concessional Industrial Package announced by the Government of India, the inherent advantage of the State, the peaceful law and order scenario, and a progressive, hard working people, stands committed to ensure Industrial Growth and Prosperity in the State. This is a dynamic policy and further measures as necessary will be considered from time to time. Care will be taken to ensure that commitments made are honoured and the joint efforts of the Government and the Industry bring the desired results.

For more further details, Please log on to sidcul.com

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SERVICE CHARGES: 2% (Two percent) of the total cost of property from both sides separately. For Rental / Lease cases, we charge One Month Rent as commission from both sides separately. Service Tax and Other taxes / levies as applicable will be charged extra.

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