INDUSTRIAL POLICY

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INTRODUCTION

This policy co-ordinate investment decisions in

public and the private sectors

It drew inspiration from Soviet planning for industrial development. This was implemented in the form of five-year plans.
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MAIN FEATURES OF INDUSTRIAL POLICY

To maintain a sustained growth in productivity To enhance gainful employment To achieve optimal utilisation of human resources To attain international competitiveness To transform India into a major global partner and player.
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POLICY MEASURES
i)

Liberalisation of Industrial Licensing Policy Introduction of Industrial Entrepreneurs Memorandum(IEM) Liberalisation of the Locational Policy Policy for Small Scale Industries Non-Resident Indians Scheme Electronic Hardware Technology

ii)

iii)

iv) v) vi)

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MANIPUR

To tap locally available raw-material and human resources for industrialisation. Create gainful employment opportunities for local population. Develop industrial infrastructure in selected areas Promote export oriented industries.

INDUSTRIAL POLICY

Develop and promote Tourism industry 6/13/12 in the State.

contd

Develop village and small scale service and Business Enterprises (SSSBE) forward and backward linkages. development of cross border trade with Myanmar. Ensuring minimisation of pollution and encouraging eco-friendly units. Encouraging industry based on medicinal plants and encouraging 6/13/12 research and development in the field.

INDUSTRIES IDENTIFIED THRUST AREAS

AS

Food Processing Industries. Tourism Industry & Agro-based industries. Mineral based industries. Handloom land Handicrafts industries. Sericulture & Floriculture industries. Electronics & Information Technology. Pharmaceuticals. Petrochemicals. Bio-tech industries. units.

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PACKAGE OF INCENTIVES
Allotment of Land:

The State Government will make efforts to provide

(a) developed land with infrastructural facilities (b) undeveloped land to manufacturing industrial units only including village industries sector.
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Allotment of Sheds to SSI Units:

State Govt. will provide available sheds to SSI units in infrastructural centres at monthly rental basis. Subsidy on the monthly rent will be eligible @ 50% for all entrepreneurs and 55% for units set up by weaker sections. This subsidy will be applicable for 5 year only .
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State Transport Subsidy:

Subsidy @ 10% of the freight and air charges subject upto Rs. 1.50 lakhs per unit Subsidy of 2 lakh for raw materials transportation from Calcutta/ Patna/ Siliguri to the industrial location & transportation of finished product to Kolkata/ Patna

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Capital Investment Subsidy:

15% to 30% of the investment in plant and machinery upto Rs 1.5 crore Applicable for Private sector, joint sector, cooperative sector & State Governments. An empoweredn Committee will consider grant of Capital Subsidy higher than Rs.1.5 upto Rs.30 crores
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Power Subsidy:

Power subsidy will be provided to SSI units for the first 5 years. 50% of the cost for linking power to the factory shed will be subsidised with a ceiling of Rs. 50,000 per unit. In case of weaker Sectionsthe subsidy will be 55% subject to a maximum of Rs. 55,000 per unit.
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Subsidy for Technical Know-How:

50% subsidy will be admissible to meet the cost of technical know-how obtained by SSI unit from organisations approved in advance by Government of Manipur. The subsidy will be released only on commencement of commercial production. The subsidy will be 60% in case of 6/13/12 Weaker Sections and EOUs.

Comprehensive Insurance & Interest Subsidy

New industrial units as well as the existing units on their substantial expansion will be eligible for reimbursement of 100% insurance premium. Interest Subsidy will be made available @ 3% on working capital loan under NEIIPP, 2007 as was available under NEIP, 1997.

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Exemption of Local Sales Tax:

100% Excise Duty exemption will be provided on finished products made in the North Eastern Region

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Quality Control:

For purchase of testing equipments, 25% subsidy will be admissible to SSI units. Registratioin fee and annual fee with BIS etc. will be re-imbursed in full for the first 5 years. Subsidy of 30% in case of Weaker Section.
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Substantial Expansion :

Incentives are given to units for an increase not less than 25% of fixed capital investment in plant and machinery for expansion of capacity /modernization and diversification.

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Negative List

The following industries will not be eligible for benefits

(i) All goods falling under Chapter 24 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) which pertains to tobacco and manufactured tobacco substitutes. (ii) Pan Masala as covered under Chapter 21 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986).
6/13/12 (iii) Plastic carry bags of less than 20

THANK YOU !!!

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