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KNOW INDIA
Tamil Nadu
Economic Infrastructure
Investment Incentives
Major Industries

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INDIAN STATE : TAMIL NADU

Investment Incentives

  • Considering that the focus is on investments to promote infrastructure and common facilities, the state plans to restructure incentives and subsidies in the following manner:
  • Government will at its discretion offer specific packages to single investments exceeding US$ 65.0196 million made in eligible fixed assets within a period of not more than three years from the date of project approval.
  • Incentives for new units investing in eligible fixed assets will be restricted to the following:
    • US$ 10.83 million and above and below US$ 21.6761million would be eligible for a capital subsidy of US$ 54,201.03 and exemption from electricity tax for the first three years of commercial production.
    • US$ 21.6761 and above and below US$ 43.3521 million would be eligible for a subsidy of US$ 108386.66 and exemption from electricity tax for the first four years of commercial production.
    • US$ 43.3521 million and above would be eligible for a subsidy of US$ 216,780 and exemption from electricity tax for the first five years of commercial production.
  • This subsidy will be payable after commencement of commercial operations. Location in a Government promoted Industrial Park will
    entitle new units to 150% of the above standard capital subsidy.
  • One time reimbursement for patent registration after 1.1.2004 up to 50% of expenses or US$ 2170.02 (whichever is lower) to any production unit in Tamil Nadu.
  • Critical infrastructure subsidy of 25% of capital cost or US$ 54,201.03 (whichever is lower) for setting up Effluent Treatment Plants/Waste Disposal Sites.
  • For approved private industrial parks irrespective of location, a back-ended subsidy claim of 10% of the investment subject to a maximum of US$ 21.676 million will be entertained subject to the location of 50 units or more and provision of employment to at least 2500 persons.
  • For assisting SMEs, a Centre in collaboration with and managed by industry will be set up to focus attention on resource based technology promotion, technology commercialization, waste management technologies, technical problem solving, technology upgradation (unit level and sectoral), promoting innovation, IPR protection facilitation and IPR awareness/training. Government will provide a one-time Corpus and reimburse a part of the running costs of such a Centre for three years.

Policy Framework

The Industrial Policy 2007

The following are the key objectives of the Industrial Policy:

  • To position Tamil Nadu as the most attractive investment destination.
  • To facilitate industry capturing a larger share of world trade in goods/services.
  • To reform regulatory processes and remove procedural hurdles in
    business.
  • To enable integration of existing industrial clusters with global supply
    chains.
  • To build efficient and dependable industrial infrastructure.
  • To develop human resources and intellectual capital to world standards.
  • To encourage symbiosis with SMEs in major industry clusters.

Full text of the policy (.pdf)

IT Policy 2002

The objectives of the IT Policy of 2002 are:

  • To establish Tamil Nadu as the destination of choice for IT investments.
  • To upgrade the quality of life for the citizens through e-governance and IT applications in Government.
  • To empower people in the rural areas so as to bridge the Digital Divide
  • To develop research and development initiatives
  • To promote use of Tamil in Information Technology

Full text of the policy (.pdf)

ITES Policy 2005

The objectives of ITES Policy 2005 are:

  • To get the maximum global ITES investments to Tamil Nadu
  • To develop Human Resources specific to ITES Sector
  • To create world class infrastructure for IT & ITES and an enabling frame work for protection of intellectual property and data
  • To generate employment and other ITES opportunities in major cities in Tamil Nadu
  • To provide a conducive environment for the sector by reducing regulations and increasing opportunities

Full text of the policy

Investments Opportunities

  • Engineering, Automobiles and Components
  • Software & ITES
  • Bio technology, Pharma and Herbal based products
  • Agro and Food Processing
  • Health care
  • Tourism related projects
  • Infrastructure
  • Chemicals and petro-chemicals
  • Textiles, garments and home furnishings
  • Leather products

Industrial Parks

Bargur Industrial Park Manamadurai industrial park
Cheyyar Industrial Park Nilakkottai Agro Park
Cuddalore Industrial Park Oragadam Industrial Park
Gangaikondan Industrial Park Perundurai Industrial Park
Export Pomotion Industrial park at Gummidipoondi Pudukkottai Industrial Park
Gummidipoondi industrial Park Ranipat Industrial Park
Hosur Industrial complex Siruseri IT Park
Industrial complexes of SIPCOT Sriperumpudur Industrial Park
Irungattukottai industrial park Thoothukudi Industrial Park
Mahindra City (Mahindra Industrial Park Ltd.) Tidel Park

Key players in Tamil Nadu

Useful Web links




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