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Chhattisgarh Industrial Subsidy Policy (2019-2024)

Industrial Policy (2019-2024)

Industrial Policy (2019-2024)

To attain the dream of Creating a New Chhattisgarh, the State is poised to use its own internal potential & natural resources to the fullest by aligning and synergizing with the innovative techniques of national & multinational corporate giants to make Chhattisgarh State a self-reliant and a consistently progressing economy to uplift the living standards and to bring happiness in the lives of the common people of the State.

To enhance the capacity of traditional & existing industries, the existing industries have been permitted to get the assistance for substitution/diversification including industries that are producing various products required for growth of Space, Defense, Railways and Atomic Science.

The industrial Policy is applicable from 01/11/2019 to 31/12/2024. The policy offers additional incentive benefit to the women entrepreneur, FDI , NRI, SC/ST, Ex-servicemen, third gender, LWE affected families, EOU etc.

The definition of industry on basis of investment in plant and machinery/ fixed capital investment is –

 

Type of Industry (both goods/services)
Investment in Plant and Machinery
Micro
upto 1cr
Small
1cr-10cr
Medium
10cr-50cr


Type of Industry
Fixed capital investment
Large
Upto 100cr
Mega
100cr-1000cr
Ultra Mega
Above 1000cr

 

It is compulsory for the Industries to have Udyam Akansha. The decision regarding additional benefit to the mega and ultra mega industry will be taken after negotiating with the ministers.

 

The policy provides benefits considering two main variables.

1)     Area – Developed (A), Developing(B), Backward Area (C), Most backward Area (D)

2)     Nature of Business – High Priority Industries, Priority Industries, Core Industries, Saturated Industries.

 

 

1)     .Lets first see Area categorization-

 





2. Nature of Business


List of High Priority Industries Under Industrial Policy 2019-24

 

1. Herbal, Medicinal plant and minor forest produce based industries.

2. Automobile, Auto components.

3. Pharmaceutical industry.

4. White goods, electronic and electrical consumer products.

5. Industries based on robotic technology, artificial intelligence technology, information

Technology and information technology based service industry.

6. Products covered under Biotechnology and Nano-technology.

7. Textile industry (Spinning, Weaving, power loom and fabrics & other processes).

8. Product/equipment/spares for the supply to Railway, Space, Defense institutes /

departments, telecom and aviation companies.

9. Industries established in the private sector using foreign technology as joint ventures

of foreign company and Indian company.

10. Export industry.

11. Refinery for Bio fuel/Ethanol (subject to procurement of excess paddy from MARKFED

during Kharif crop & based on cooperative sugar industries).

12. Electric two-wheeler, three-wheeler and four-wheeler vehicles and manufacturing of

batteries for them.

13. Manufacturing of charging stations equipment for electric vehicles.

14. Aerospace, Aircraft repair (MRO).

15. Processing industries of Flowers, fruits, vegetables and other horticulture produced in

the State.

16. Other such category Industries which may be notified by the State Government from

time to time.

 

List of Priority Industries Under Industrial Policy 2019-24

(A) On the basis of classification

1. Cycle and product/accessories/spares used for manufacturing of cycle.

2. Plant/machineries/engineering products and their spares.

3. Downstream product based on non-ferrous metal.

4. Downstream product based on Aluminum.

5. Industries based on food processing and agriculture as defined by Government of

India (Except Rice mill, Paddy parboiling and cleaning, Huller mill, Murmura Mill and

Rice Bran Solvent Extraction Plant and Refining of edible oil (Independent

unit)/refinery).

6. Branded dairy product (Including milk chilling).

7. Manufacturing of Plant & Machinery and equipment required for the generation of

power from new and renewable sources.

8. Manufacturing of Machinery and equipment required for generation, transmission

and distribution of electricity.

9. Gems and Jewellery.

10. Medical and laboratory equipment.

11. Sports goods.

12. Production of Liquid fuel/gas/petroleum product from coal.

13. Production of organic manure, organic pesticide and bone meal.

14. Other such category Industries which may be notified by the State Government from

time to time.

 

(B) On the basis of product

1. Moulded furniture, containers and PVC pipes and fitting, household plastic item.

2. Transmission line tower/mobile tower and their spare parts/equipment.

3. Automatic agriculture equipment, tractor-based agriculture implements/ agriculture

implements.

4. Bamboo based industry (wherein Bamboo should be used as the main raw material).

5. Shellac based industry (wherein Shellac should be used as the main raw material).

6. Fly Ash product (except cement).

7. Readymade garments (with a minimum investment of Rs. 25 Lakh in plant and

machinery).

8. Single Super Phosphate & all types of fertilizers.

9. Wagon coach spares and fitting.

10. Cutting tools, dies and fixtures.

11. Cutting and polishing of Flooring Stone, cutting and polishing of Granite Stone, cutting

and polishing of Marble Stone and cutting and polishing of other Mineral Rocks and

production of Tiles.

12. Polyester staplefiber.

13. Village industry (Gramodyog) units like Pen manufacturing, Jhalar manufacturing,

Incense stick, Dona leaf plate manufacturing, Animal feed, Soap and Washing powder,

Phenyl, School bag, CFL Bulb, Steel window/door/ rolling shutters and other Industries

with a minimum investment of Rs. 10 Lakh in plant and machinery.

14. Production of cosmetics items (with a minimum investment of Rs. 10 Lakh in plant and

machinery).

15. Wooden Seasoning and Chemical Treatment Plant (with a minimum investment of Rs.

25 Lakh in plant and machinery).

16. Hand pump and spares manufacturing.

17. Submersible pump and spares manufacturing.

18. Electric motor and spares manufacturing.

19. Grain silo.

20. Prefabricated building material.

21. Paint/Distemper.

22. Poha, murmura.

23. Non-plastic bags.

24. Other such products which may be notified by the State Government from time to

time.

 

List of Saturated Industries Under Industrial Policy 2019-24

1. Alcohol, Distillery and alcohol-based beverages.

2. Saw mill.

3. All kind of polythene bags, plastic disposable products.

4. Pan Masala, Gutkha, Supari and tobacco-based industries.

5. Slaughter house.

6. Packaged drinking water.

7. Coal and Coke briquette, coal screening (excluding coal washery).

8. Manufacturing of Lime, Lime powder, Lime chips, Dolomite powder and all types of

mineral powder.

9. Asbestos and asbestos based industries.

10. Leather tannery.

11. Sponge Iron (only for blocks of A and B category).

12. Integrated steel plant (only for blocks of A and B category).

13. Thermal power plant (only for blocks of A and B category).

14. Stone crusher / manufacturing of Ballast (only for blocks of A and B category).

15. Rice Mill and parboiling units (only for blocks of A and B category).

16. Re-packing of any product.

17. Such other industries which may be notified by the State Government.

 

List of Core Sector Industries Under Industrial Policy 2019-24

In the purview of Industrial Investment Promotion following Medium, Large,Mega/Ultramega

projects shall come under core sector category:

1. Steel Plant.

2. Cement Plant.

3. Thermal Power Plant.

4. Aluminum Plant.

 

 

Fiscal benefits available under this policy is a follows-

 

A)   Interest Subsidy


B) Fixed Capital Investment Subsidy




C)    Net SGST (that is SGST after ITC ) will be reimbursed on the basis of categories.

D)   Electricity Duty Exemption is available to the business.

E)    Stamp Duty exemption is available on agriculture land , land purchased, execution of loans and advances documents etc.

F)    Mandi tax Exemption available on agriculture product.

G)   Reimbursement on cost incurred on project report by MSME.

H)   The fees paid on land diversion will be exempted upto 50% maximum of 5 Crore land.

I)      The amount spent on quality certificate be reimbursed.

J)      Exemption/concession in Land Premium on land allotment in industrial areas for Entrepreneurs of Scheduled Caste/Tribe Category

K)   Technical patent, Technology Purchase subsidy etc is covered under industrial policy.