| INDUSTRIAL
POLICY – INTRODUCTION 4.1
AIMS AND OBJECTIVES
1)
To generate economic development
by accelerating the process of industrialization.
2) To generate employment
and increase income by encouraging the establishment of micro enterprises.
3) To increase the share of the Industrial sector in the State Domestic
Product (SDP).
4) To make Nature – Economics Centric Development.
5) To make Agro and rural area linked industrial investment as focused
programme.
Besides, the State Government would endeavour to encourage youths of the State,
particularly the women entrepreneurs to set up industries, encourage to help increase
exports and attract Foreign Direct Investment (FDI) particularly from NRIs.
4.2 STRATEGY The
aims & objectives will be endeavoured to be achieved by following suitable
and appropriate strategies like:
1)
Creation of quality infrastructure
2) Cluster development
3) Encourage
investment by fiscal incentives
4) Tax concessions to attract investment
5) Facilitate access to market
6) Facilitate mega investment
7) Simplification
of procedures
8) Industry friendly administration
9) Create conducive
atmosphere to induce investment
4.2 (A):
To provide incentives for development of service sector in the areas of Tourism,
Health services vocational training etc. a separate policy will be notified later
on. 4.3
PERIOD OF VALIDITY OF THE POLICY
The policy will be effective from 1/10/2008 and will
be valid for a period of 5 years, i.e. up to 30/9/2013. All new units as well
as existing units which go in for substantial expansion and which commence commercial
production within the period of validity will be eligible for the incentives from
the date of commencement of commercial production for the period applicable for
each incentive.
4.4
EFFECTIVE DATE
Effective date for the new
policy shall be 1/10/2008 and from that date the 2003 Policy will cease to operate
unless otherwise provided for.
Units which commenced commercial production prior to 1/10/2008 and are eligible
under 2003 policy shall continue to be governed by the Industrial Policy 2003.
However no application for Eligibility Certificate claims under the 2003
policy will be entertained after 31-3-2009. Detail
Industrial Policy 2008
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