The scheme came into force from 1/1/2015 and will remain in operation for a period of five Years. (i.e. 1/1/2015 to 31/12/2019)
The Scheme promotes and encourages Industrial Parks by Private Institutions which aim at upgrading and improving state infrastructure and to boost economic activity and employment generation.
Industrial Park can be defined as an estate which is developed in minimum area of 20 Hectares for establishment of minimum 10 industrial units to manufacture any product or service and having basic infrastructure facilities as may be required. Industrial Park above 100 hectares will be facilitated and assisted by government in peripheral external link infrastructure like road, facilities for drawl of water etc.
Herein Private Institutions means any Industries Association / any enterprise registered under the Societies Act, Partnership Act or the Companies Act or SPV constituted for setting up of Industrial Park. Such institution will be eligible to avail assistance under the scheme for setting up of Industrial Park. In case, if park is having more than 100 hectares area, the Institution will be allowed to develop park with co-developer during the development of Industrial Park.
The assistance under the scheme shall be proportionally reimbursed in @25% and @50% based on expenditure incurred at least by @50% and @75% respectively and final payment will be made after completion of the Industrial Park.
1. Completion Period: Project shall be completed within 5 years, 7 years and 10 years for the area of minimum 20 hectors, 50 hectors and 100 hectors respectively from the date of approval of the project by the State Level Empowered Committee
2. Minimum Infrastructure Facilities: The Industrial Park/Estate are required to have minimum infrastructure facilities required for the Parks/Estates namely, internal roads, water distribution facilities, sewage collection and treatment, power distribution, communication facilities and other facilities as prescribed.
Indicative list of minimum infrastructure facilities are:
1. The developer of Industrial Estates/Parks availing incentive under the scheme will not be eligible to avail incentive under any other schemes of the State Government, unless specified otherwise.
2. Approval of the Industrial Parks/Estate shall be accorded by State Level Empowered Committee.(SLEC)
3. The Developer of Industrial Park/Estate shall have to follow Third Party Quality Assurance (TPQS) system for the entire infrastructure development in the Industrial Park.
4. Disbursement/requirement of the assistance sanctioned by SLEC shall be released on availability of Govt grant.