Keeping in view the strengths of the state of Chhattisgarh and ongoing planned development of industries and infrastructure, to boost economic development the government of Chhattisgarh has proposed Chhattisgarh State Logistic policy 2018. The policy will be beneficial for economic development of the state. The policy will be applicable for a period of 5 years commencing from 1st April 2018 to 31st March 2023.
Objective of Chhattisgarh State Logistic Policy
The policy is to promote logistic services and storage capacity within the state. The state plans to do so by modern procedures and mechanized logistic infrastructure
To promote new avenues of employment and promote private investment.
The state wants to attract investment from the leading investment houses of India so that retail goods & services can be provided at reduced prices by reducing trade and commerce cost.
Eligibility for the Logistic Park Scheme
Logistic park can be established by a proprietary, partnership, LLP, cooperative societies, Company organisations having minimum of 15 acers land with minimum 50,000 MT capacity.
The minimum fixed capital investment of Rs.15 crores and the applicant should have a minimum net worth of 7.5 crores.
There are other conditions to fulfil for the state government to grant subsidy and incentives defined in the policy.
Subsidy Concessions and exemptions for the policy
Fixed capital investment subsidy will be as follows:
Area
15-40 Acres (min 50,000 MT capacity)
Above 40 Acres(min 1 Lakhs MT capacity)
In Industrially developing areas
35% of the fixed capital investment, Max 10 crores
35% of the fixed capital investment, Max 12.5 crores
In Industrially backward areas
40% of the fixed capital investment, Max 12.5 crores
40% of the fixed capital investment, Max 15 crores
Interest Subsidy:
In Industrially developing areas
50% of total annual interest paid, up to 6 years, maximum limit Rs.60 lakhs p.a
In Industrially backward areas
60% of total annual interest paid, up to 7 years, maximum limit Rs.100 lakhs p.a
Besides capital subsidy and interest rate subsidy the policy also provides electricity duty exemption, stamp duty exemption, Quality certification subsidy, Technical patent subsidy, technology purchase subsidy, differently abled employment subsidy and reimbursement of EPF certification etc.
For better performance of the policy rules and regulations will be framed by department of commerce and industries. During the 5 year of the policy department of commerce and industries, GoCG will have the right to review policy provision, include or exclude amendment from time to time.
