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INDIAN STATE : HIMACHAL PRADESH
Policy Framework
Industrial Policy 2004
The industrial policy statement is a reflection of
the government's commitment to overall economic development
of the state by continuously responding to the dynamic
economic forces and carving out a niche in the national
economy by responding to changing times and needs.
To spread and speed up the industrialisation process
in the state and to woo indigenous and foreign investors
so as to generate employment opportunities for local
persons, the state government has enacted new Industrial
Policy & Incentive Rules, 2004, which was made operational
w.e.f. 31.12.2004. In order to provide facilities to
entrepreneurs.
Full
text of the policy (.pdf)
Information Technology Policy
Recognising the enormous potential of IT, the Himachal
Pradesh Government has chalked out a multi-pronged strategy
to herald the benefits of this technology for its citizens
and for the state as a whole. Accordingly, the state
government has created an IT friendly environment for
integrated participation by all in the development process
of the new digital economy. This journey into the information
age has brought improvement in the quality of every
aspect of human life, emergence of a competitive society
and a vibrant economy of new age technologies through
transparent governing systems, sound infrastructure
and skilled human resources.
Full
text of the policy (.pdf)
Biotechnology Policy
The biotechnology policy for Himachal Pradesh was formulated
in June, 2001 with a mission to provide Impetus to economic
development of the State through promoting diversified
farming of high value cash crops, conservation and commercial
exploitation of bio-resources and promoting entrepreneurship
in biotechnology-based industries in the State
Objectives of the policy
- Upgrade infrastructural support to R&D Institutions
to generate highly skilled human resource in biotechnology.
- Intensify R&D work in potential areas of biotechnology,
including agriculture, animal husbandry and human
health.
- Conserve and commercially exploit bio-resources
of the State for sustainable development.
- Attract entrepreneurs for setting up of biotechnology-based
industries in the State.
- Provide suitable institutional framework to achieve
the objectives.
Full
text of the policy
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.
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