Policy for Establishment of Private Industrial Estates/Areas – 2023

Policy for Establishment of Private Industrial Estates/Areas – 2023

The “Policy for Establishment of Private Industrial Estates/Areas – 2023” serves as a strategic initiative by the Government of Uttarakhand to boost industrial development in the state. This policy encourages the establishment of private industrial estates through various financial incentives and robust infrastructure support, while also ensuring a simplified regulatory process.

Overview of the Scheme

Implemented by the Micro, Small, and Medium Enterprises (MSMEs) under the Department of Industries, Government of Uttarakhand, this policy is designed to facilitate the growth and development of private industrial estates. By offering various benefits, the scheme aims to create a conducive environment for entrepreneurs and investors.

Key Benefits

• Capital Subsidy on Infrastructure: Up to ₹10 lakh per acre.
• Subsidy for Setting Up Common Effluent Treatment Plant (CETP): 40% of the total cost, capped at ₹1 crore.
• External Infrastructure Development Assistance: 2% of the total fixed capital investment made by the private promoter on the fixed assets created for the industrial estate, per park/area.

Eligibility Criteria

• Individuals, founders, developers, partnership firms, Limited Liability Partnerships (LLPs), companies, and institutions registered under the Companies Act, Societies Act, or Limited Liability Partnership Act can apply.
• Entities operating in Joint Venture or Public-Private Partnership (PPP) mode, or as Land Aggregators (with written consent from all landowners) are also eligible.
• A minimum of 30 acres of land is required for private industrial estates in plain areas, while at least 2 acres is needed in hilly regions.
• The promoter or investor must procure the necessary land from personal sources to establish the industrial estate.
• If land is aggregated through land aggregators, SIDCUL will formalize an agreement with the promoter to ensure compliance with financial obligations stated in the policy.
• In cases where at least 80% of the land has been acquired or aggregated and there are challenges in acquiring the remaining land, SIIDCUL can assist in obtaining the remaining land through the District Magistrate, provided a bank guarantee matching the acquisition cost is submitted by the developer.
• The minimum lease period for aggregated land must be 30 years, and it can be renewed with mutual consent.
• The land proposed for the industrial estate must be legally possessed by the promoter and free from encumbrances.

Application Process

To initiate the process of forming a Private Industrial Estate, the eligible developer must follow these steps:

• Online Application Submission: Developers must submit their application with all mandatory documents via the CAF tab on the official portal www.investuttarakhand.uk.gov.in.
• In-Principle Approval: After receiving preliminary approval, the developer should apply for the notification of the industrial estate’s formation through the Departmental Services tab on the single-window portal, along with the necessary documentation.
• Financial Incentives Application: Once the notification for the Private Industrial Estate/Park is issued, the developer can submit an online application for financial incentives through the Incentive tab on www.investuttarakhand.uk.gov.in.
• Disbursement of Capital Subsidy: The Capital Subsidy assistance for infrastructure will be provided in four phases, contingent upon meeting the prescribed conditions and completing the specified tasks.

Official Source

For additional information and updates regarding the scheme, please visit myScheme.gov.in.