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Directed Incentives |
Directed Incentives will be provided for industrial investment in the State in the form of interest subsidy, infrastructure development / capital investment subsidy, exemption from electricity duty, exemption from stamp duty, exemption from entry tax, allotment of plots at concessional premium in industrial areas, exemption from land diversion fee, reimbursement of project report expenses, quality certification subsidy, technology patent subsidy, interest subsidy for technology up-gradation, etc.
1. For providing directed incentives, various districts of the State have been divided in the following two categories:-
(i) General area - All districts except those mentioned in clause (ii) below;
(ii) Most backward scheduled tribe dominant areas - Areas comprising South Bastar (Dantewara), Bastar, North Bastar (Kanker), Koria, Surguja and Jashpur districts.
2. Investors have been classified in the following three categories:-
(i) Investors from scheduled castes / scheduled tribes;
(ii) Non-Resident Indians and investors bringing 100 percent FDI; and
(iii) General category investors - All other investors except (i) and (i) above.
3. On the basis of size of investment, industries have been classified in the following four categories:-
(i) Small scale industries - As defined by the Government of India from time to time;
(ii) Medium-Large industries - Industries with total capital investment up to Rs. 100 crore except the small scale industries;
(iii) Mega projects - Large industries with total capital investment between Rs. 100 crore and Rs. 1000 crore; and
(iv) Very large industries with total capital investment of over Rs. 1000 crore.
4. From the angle of importance of industry, industries have been classified in the following three categories:-
(i) Negative list industries - Industries included in Annexure-2, which will not be entitled for any directed incentives;
(ii) Special thrust industries - Industries shown in Annexure-3, which will be entitled for additional directed incentives; and
(iii) General industries - All industries except those included in the negative list and special thrust industries.
5. Directed incentives provided in this policy will be available to the following industrial undertakings:-
(i) New industrial projects - All such industrial units, which commence commercial production between 1st November, 2004 and 31st October, 2009.
(ii) Expansion projects of existing industrial units in production - Such industrial units in production on 1st November 2004, which expand their production capacity (installed capacity or three years' actual average production immediately prior to the date of implementation of expansion project, whichever is higher) by at least 25% with a minimum investment of Rs. 25 crore and commence production from the expansion project before 31st October 2009.
In the case of capacity expansion projects, exemptions / concessions will be limited to the additional production capacity / additional investment. For the purpose of exemptions / concessions to be given on the basis of additional production, entitlement of exemptions / concessions will be determined by apportioning the total production after expansion in the ratio of original capacity to the additional capacity. Exemptions / concessions on raw material consumption will also be determined in the same manner.
6. Investors belonging to different categories, setting up small scale, medium-large and mega industrial projects in different areas of the State will be entitled to directed incentives given in Annexure-4.
7. Non-Resident Indians and investors bringing 100 percent FDI will be entitled to 5 percent extra incentives over and above the directed incentives available to general category investors in the same area.
8. Entitlement of directed incentives to expansion projects of the existing producing industrial units will be equivalent to the directed incentives available, as the case may be, to medium-large or mega industry in the general area.
9. Entitlement of directed incentives to industrial projects in Rs. 1000 crore plus capital investment category will be equivalent to the maximum available directed incentives to mega projects in most backward scheduled tribes predominant areas.
10. Directed incentives (exemptions / concessions) will be available only to those industrial undertakings which employ, in the case of unskilled labour at least 90 percent, in the case of skilled workers at least 50 percent, and in the case administrative posts at least 1/3rd persons domiciled in the State.
11. The investors, who had taken effective steps for setting up their industrial units prior to 1st November 2004, but commercial production had not commenced up to the appointed day, will have the option to avail of the benefit of the package of exemptions / concessions provided for in the Industrial Policy 2001- 2006.
12. Public sector undertakings of the Government of India or any State Government (except their joint ventures with private companies) will not be entitled to directed incentives (exemptions / concessions) under this policy.
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