You are here: Home / SIDCUL / SIDCUL Policies

SIDCUL Policies

Advantage Uttaranchal – Fiscal

  • 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 Uttaranchal 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.

 

Advantage Uttaranchal – Non Fiscal

  • Uttaranchal is blessed with a rare bio-diversity, inter-alia, 175 rare species of aromatic & medicinal plants are found in the state.
  • The State has all major climatic zones, making it amenable to a variety of commercial opportunities in horticulture, floriculture and agriculture.
  • The State has rich mineral deposits of limestone, soapstone, magnesite etc., besides minor minerals. Resources mapping is being undertaken
  • The State has a vast tourism potential: adventure, leisure, eco-tourism, in its widest sense, religious/spiritual, with a large potential for related services and scope to develop niche markets, apart from traditional investment opportunities
  • The Literacy rate in the State is 72%, which is indicative of abundant availability of quality human resources-the State also has a large number of top quality educational institutions, and National and State level Research & Training Institutes and Institutions of excellence
  • The State has a peaceful and pollution free environment conducive for Industrial development and good quality of life. The law and order and security situation in the State is very good.
  • The State is rich in Power resources and potential with availability of assured, uninterrupted, quality power at affordable and competitive rates
  • Action is being taken to simplify and rationalize the Labor Laws
  • The State has an Earth Station at Dehradun and two more proposed. An Information Technology Park is in the process of being established
  • The State has four AEZs for Litchi/fruits, Floriculture, Herbs and Medicinal Plants and Basmati Rice
  • State level Udyog Mitra has been set up under the Chairmanship of Hon’ble Chief Minister
  • A multipurpose Industrial Promotion, Investment & Infrastructure Development Corporation in the style of State Industrial Development Corporation of Uttaranchal Limited (SIDCUL) has been set up in which participation of various Banks and Financial Institution like SIDBI, ICICI and LIC is committed and of various others is proposed
  • Marketing assistance to Khadi and Village Industries, SSIs, Cottage Industries Wool-based Industries, Handloom, Silk and Handicrafts Industries
  • Marketing assistance to Khadi and Village Industries, SSIs, Cottage Industries Wool-based Industries, Handloom, Silk and Handicrafts Industries
  • Major Bio-Technology complex is proposed to be set up around the Pantnagar Agriculture University
  • State is putting in place mechanisms to:
  • Provide Single Window Facilitation in the State to help/cut delays and provide an investor friendly climate
  • Provide and facilitate expeditious land availability for setting Industrial venture and Infrastructure projects >
  • Arrange financing through a Consortium of Banks and Financial Institutions
  • Promote and encourage private sector participation in the development and management of infrastructure projects such as Industrial Estates/Areas, Growth Centers, IIDC’s 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

 

Download Industrial Policy 2003 (English)

Download Industrial Policy 2003 (Hindi)

Download THRUST INDUSTRIES for States of Uttaranchal and Himachal Pradesh

Download NEGATIVE LIST for States of Uttaranchal and Himachal Pradesh