The Uttarakhand Government today amended the 2008 hill industrial policy extending its benefits beyond 2018 to 2025 and decided to set up 11 new industrial hubs.

This was decided at a Cabinet meeting presided over by the Chief Minister, Mr B.C. Khanduri, the Principal Secretary Industries, Mr Rakesh Sharma, told reporters here.

The policy which was brought in 2008 for a period of 10 years would now be available till 2025. Industries setting up new units would get all the incentives such as transport subsidy, price purchase preferences, till 2025 in case they come into production by 2015.

In the subsequent period, if the industries are set up in 2016, the incentives will be available for only nine years and 2017 for eight years and 2018 for seven years. The policy would end in 2018 only.

The industries going for sizeable expansion either by investing 25 per cent of the total investment or increasing the production output by more than 25 per cent would also be eligible for all the benefits.

The Government has also decided to set up 11 new industrial hubs in the state and create high-level infrastructure there.

The State Industrial and Infrastructure Development Corporation for Uttarakhand (SIDCUL) which is credited for heavy industrialisation in the plains, has been roped in to develop these 11 new industrial hubs in the hills.

All these hubs will be set up at the district headquarters of the respective districts.

In the new amendments, Sahaspur and Raipur areas of Dehra Dun district and Haldwani and Ramnagar areas of Nainital district have been included in the hill area category where all the promotional benefits will be available.

Related Topics