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INDIAN STATE : PUNJAB
Facilitation Services
- All IT, ITES, Electronics and Biotech units are
exempted from obtaining NOC/ consent from the Punjab
Pollution Control Board (PPCB) provided that where
the number of workers in such industry is more than
300 and there exists no sewerage facility, no exemption
shall be available. Even the hardware industries,
except for those having electroplating, heat treatment
and painting process, are exempted from obtaining
NOC/ consent of Punjab Pollution Control Board (PPCB)
provided that where the number of workers in such
industry is more than 300 and there exists no sewerage
facility, no exemption shall be available.
- All IT, ITES, Electronics and Biotech units are
allowed to self-certify the full observance of the
provisions of law in respect of the following Acts
and Rules instead of the statutory inspections/ verification
reports by the concerned Departments in respect of
the acts laid down by law.
Three shifts operation
General permission has been granted to all IT Software
Industry and IT Enabled Service Industry and electronics
industry as well as the Biotech Industry to operate
in three shifts and also employ the ladies staff on
such jobs subject to the conditions notified.
Infrastructure incentives and
facilitations
Land/office space offered to IT, ITES, Electronics
and Biotech units at a reasonable / discounted price
worked out by the Government for each IT and BT Park
subject to certain considerations.
Exemption from Stamp Duty and
Registration Fee
Property transaction in connection with setting up
of IT & ITES and Biotech Parks, Complexes shall
be exempted from payment of stamp duty for period of
three years. The maximum registration fee charged from
these units shall not be more than US$ 21. 68. There
shall be no stamp duty on lease and financial instruments
of units located in such notified areas during the setting
up of these parks and thereafter for a period of three
years. Thereafter a stamp duty of 2% would be chargeable
on such transactions.
Relaxation of FSI
Government of Punjab would offer relaxation of FSI
(Floor Spacing Index) in the towns to the extent of
50% for IT & ITES and BT Parks, Complexes and electronics
/ Biotech estates as authorized by the Department of
Industries & Commerce, Government of Punjab or Punjab
Information and communication Technology Corporation
Limited (Punjab InfoTech)
Exemption from land and building
tax
The portion of the commercial buildings which are fully
dedicated to IT, ITES, Electronics and Biotech Industry
will be exempted from the property tax for a period
of 5 years. In case of change of use of building prior
to 5 years such exemption would automatically be revoked.
Investment Incentive in the Biotechnology
Sector
- Minimum floor level of Sales Tax rates.
- No restriction on movement of capital equipment.
- Rationalisation of Octroi.
- Power at Industrial Power Tariff.
- Exemption from Electricity Duty for five years.
- No power cuts or restrictions on peak load hours.
- Exemption on property transactions from Stamp Duty
and Registration Fee for three years.
- Relaxation in Floor Spacing Index to the extent
of 50%.
- Exemption from Land and Building Tax. The above
Package of Incentives will be valid for a period of
three years and subject to review thereafter.
Investment Opportunities
- Agriculture
- Dairy and Poultry based units
- Meat Processing
- Leather Industry
- Sports goods
- Textiles Hosiery and Woollens
- Light Engineering goods
- Biotechnology
- Electronics and Telecommunications
- Information Technology
- Automobiles
- Engineering industries relating to agriculture
and food processing
- Ancillary units
- Chemical Industries (Including drugs and Pharmaceuticals)
- Export Oriented Units
Policy Framework
To view
Government policies in Punjab Click
here
Useful Web links
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