Madhya Pradesh Special financial assistance to logistics & Warehousing
Special financial assistance to logistic & warehousing hubs/parks
Madhya Pradesh is centrally located and has excellent connectivity across major cities of the country. It has a total road network of 58,423kms with 20 national highways passing through the state and is well connected with rail services to all major cities and also to international export markets. The Delhi Mumbai Industrial Corridor (DMIC) passes through various districts of the state, which enhances high-speed access to ports and also to the Northern & Western markets of India.
The state has developed a strong stream of investments during the last five years and would continue to attract more investors to the state by developing an enabling industrial eco system. This is expected to a sustainable industrialization development and ensure economic prosperity of the state.
Details of Special Financial Assistance and Incentives for Warehousing parks:
1. Investment Assistance – Excluding land cost, unit shall be provided reimbursement of 15% of the total capital expenditure in plant, machinery and building (which will not include dwelling unit) subject to a ceiling of maximum INR 15 crores. The plant and machinery shall include all handling equipment, measurement equipment, safety equipment, generator set, pollution control devices, R&D equipment, transformers, necessary maintenance equipment etc.
2. Reimbursement of Stamp Duty and Registration Fee - 100% reimbursement of stamp duty and registration fee on Instrument of Mortgage executed in connection with obtaining loan from banks/financial institutions taken for logistic & warehousing hub/park and on purchase of land.
3. Exemption from Electricity Duty - Similar to manufacturing unit all eligible warehousing and logistic hub shall be provided electricity duty exemption, under applicable terms and condition, on high tension (HT) electricity connection obtained from State's power distribution company as follows :-
5 years for 33 KV connection
7 years for 132 KV connection
10 years for 220 KV connection
4. Infrastructure Development Assistance - All Eligible Logistic and Warehousing Hubs / Parks will be provided infrastructure development assistance in following manner: - 50% assistance up to the maximum limit of INR 1 crore will be provided against the expenses made for development of the external Road/Rail infrastructure (access to the project site)
5. Land allotment in Industrial Areas - Logistic & Warehousing hub/ parks will be allotted land in industrial areas under Department of Industrial Policy and Investment Promotion on 'first come first serve' basis at the prevailing land rate applicable for industrial purpose.
