Policy for Establishment of Private Industrial Estates/Areas - 2023

DETAILS The “Policy for Establishment of Private Industrial Estates/Areas - 2023” is implemented by the Micro, Small, and Medium Enterprises (MSMEs) under the Department of Industries, Government of Uttarakhand. The scheme aims to promote and facilitate the development of private industrial estates and areas in Uttarakhand by providing financial incentives, infrastructure support, and a streamlined regulatory framework. BENEFITS Capital Subsidy on Infrastructure: ₹10 lakh per acre. Subsidy for Setting Up CETP: 40% of the cost, up to a maximum of ₹1 crore. Assistance for External Infrastructure Development: 2% of the total fixed capital investment made by the private promoter on the fixed assets created for the industrial establishment, per park/area, will be payable. ELIGIBILITY Any individual, founder, developer, partnership firm, LLP, company, or institution legally registered under the Companies Act, Societies Act, or Limited Liability Partnership Act, as well as entities operating in Joint Venture or Public-Private Partnership (PPP) mode, or as a Land Aggregator (with written consent of all concerned landowners), shall be eligible to apply for setting up a Private Industrial Estate/Area. For establishing a private industrial estate/area/park, it is mandatory to have at least 30 acres of land in plain areas and at least 2 acres in hilly areas. The promoter/investor must arrange the required land from their own sources for setting up the industrial estate/area. In cases where land is aggregated through land aggregators, SIDCUL will enter into an agreement with the promoter/land aggregator to ensure fulfillment of financial obligations under the policy. If a minimum of 80% of the land is acquired or aggregated by the private industrial estate/park developer, and there is an obstacle in acquiring the remaining land, SIIDCUL (State Infrastructure and Industrial Development Corporation of Uttarakhand Limited) may acquire the remaining land through the District Magistrate, provided a bank guarantee from the developer equal to the acquisition price is submitted. In cases where land is leased or aggregated by the developer, the minimum period of lease/agreement shall be 30 years, which may be renewed with the mutual consent of both parties. The proposed land must be legally in the possession of the promoter and free from any encroachment.