|
INDIAN STATE : HIMACHAL PRADESH
Investment Incentives
State Government Incentives
- Interest subsidy to tiny/small units in priority
sector
- Capital investment subsidy for units being set
up in the Priority sector,
- Special incentive for fruit, vegetable and maize
based and herbal based units i.e. units based on local
raw material,
- GST exemption
- CST at concessional rates
- Procurement of raw materials at 1% GST
- Allotments of plots and sheds at reasonable prices/rates
in industrial areas and estates.
- Project specific special package etc. are some
of the main incentives/subsidies being offered by
the State Govt.
Central Government Incentives
- In January 2003, the Govt. of India had announced
a special package of incentives to Himachal Pradesh.
This includes:
- 100% exemption from payment of Central Excise Duty
for 10 years
- 100% income tax exemption for 5 years and
- 25% and 30% exemption for the next block of 5 years
( for Individuals and Companies)
- Capital investment subsidy @15% of investment in
Plant & Machinery subject to a ceiling of US$
65,105.01
- Enhancement of funding pattern under centrally
sponsored schemes like Deen Dayal Hathkargha Protsahan
Yojana and Prime Minister Rojgar Yojana.
- The Central Transport Subsidy is being provided
to industrial units @ 75% of the cost of transportation
of their finished goods and for transportation of
their raw material from the location of their units
anywhere in the State to the nearest, specified broad
gauge rail head.
Investment Incentive as under the
Industrial Policy
- Simplification of Rules / Procedures
- State Level Single Window Clearance
- Time bound clearance of projects in a simple,
transparent and an accountable manner.
- Evolve standard of Best Practices in various
Government Departments.
- Planning and Development of New Industrial
Areas and Land Policy
- Clearances by the State Environment and Pollution
Control Board
- Streamline procedures for the grant of No Objection
Certificate (NOC) and clearance required prior
to the setting up of project.
- Use of IT in industry
- Enable industry participation in global trade
and production processes.
- Improving organizational management, increase
efficiency, enhance competitiveness.
- Explore the possibilities of setting up call
centres and facilitation centres.
- Escort Services
- Provision of special escort services on a payment
basis in order to escort prospective entrepreneurs
in obtaining approvals and clearances.
- Manufacturing Competitiveness and Productivity
- Focus on specific manufacturing sectors such
as Light Engineering, Textiles, Auto and Auto
Ancillaries, Chemicals and Pharmaceuticals.
- Actively support Research and Development, Technical
Training Institutes and Polytechnics.
- Encouraging Agriculture/ Horticulture/ Floriculture
and other allied sectors related specified activities.
- Development of Agri-Business with a positive
shift from Agriculture.
- Revamping of Extension services, reduction
of wastages, rationalization of various taxes
such as Purchase Tax, Mandi Tax, Market fees.
Linking of Mandis with other large markets through
the use of IT.
- Setting up of post harvest infrastructure,
cold storages, mechanized packaging houses, servicing
centres and services.
- Settting up of state-of-art computerized fruit
and vegetable auction houses and certifying agencies.
- Encouragement to Public Private Partnership
(PPP) that would enable investors to invest in
agriculture infrastructure in partnership with
banks and financial institutions.
- Technical Education and availability of trained/
skilled local manpower for industry
- Setting up of modern educational and technical
institutions, Nursing schools, Pharmacies, Tourism
related institutions, Medical Institutions.
- Exports
- Special focus / priority. Efforts to make Exporting
units in the state at a level playing field in
comparison to their competitors.
- Setting up of Export Promotion Parks in the
state.
- Setting up of common facilities such as Inland
Containers, Bonded Warehouses, Raw Material Depots
and provision of incentives and concessions for
the supply of power, labour related issues and
taxes.
- Term loans from Himachal Pradesh Financial
Corporation and Himachal Pradesh State Industrial
Development Corporation.
Useful Web Links
|
|
