Scheme for Incentives to Industries (General) 2016-2021 by Government of Gujarat
Dear all,
Gujarat has always been at the forefront of economic growth in the country. It is one of the leading industrial states. Government of Gujarat has announced an ambitious Industrial Policy 2015, in January 2015, with the objective of creating a healthy and conducive climate for conducting business and augmenting the industrial development of the state. The Industrial Policy has been framed with the broad idea of enhancing industrial growth that empowers people and creates employment, and establishes a roadmap for improving the state's ability to facilitate business. Gujarat's development vision will continue to emphasize on integrated and sustainable development, employment generation, opportunities for youth, increased production and inclusive growth.
In view of the above, introduction of a scheme for giving incentives to new investments in the state in the manufacturing sector was under consideration of government. After careful consideration, government is pleased to introduce a scheme to provide incentives to attract increased investments to the state in the manufacturing sector to create more employment opportunities, for balanced regional growth and inclusive development of the state.
Government of Guiarat, Industries & Mines Department, Sachivalaya, Gandhinagar has issued a Resolution No.INC-10201 5-645918-I, dated: 25/07 /2016 by which the "Scheme for Incentives to Industries (General) 2016-2021" has been declared to attract investment in the state and to give boost for the expansion of the existing industries.
Please CLICK HERE to download the details of the scheme.
As per the scheme, an eligible industrial undertaking will be eligible for incentive according to the classification of the project (Ultra Mega, Mega, Large, MSME), the category of the taluka, and the eligible fixed capital investment. The percentage of eligible fixed capital investment entitled for incentive, the percentage of net VAT for reimbursement, and the period from the date of availment of incentive shall be as prescribed in the table below:
We are forwarding the new Industrial policy by which Government of Gujarat has offered incentive in form of VAT. The scheme shall be known as Scheme for Incentives to Industries (General) 2016-2021. The operative period of the scheme shall be of five years from the date of this resolution.
|
Category |
% of eligible |
% of Net VAT |
% of Net VAT |
Incentive |
| 1 | 100% | 90% | 10% | 10 |
| 2 | 80% | 80% | 20% | 10 |
| 2 | 70% | 70% | 30% | 10 |
This Scheme for Incentives to Industries (General) 2016-2021 is forwarded to you for your kind information. If any industrial colleague is interested may go through the scheme in detail.
Thanking you,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi,
Secretary
