MP cabinet endorses Industrial Policy-2014, amends State Tourism Policy
BHOPAL: Madhya Pradesh cabinet meeting chaired by
Chief Minister Shivraj Singh Chouhan here on Tuesday endorsed new Industrial
Promotion Policy-2014 aiming at attracting maximum investments to the state and
amended the tourism policy of the state.
Under the policy, an online Investors Monitoring &
Facilitation System will be put in place to make available facilities and
permissions within prescribed time-limit to investors through single window
system. MP TRIFAC will serve as nodal agency for this.
Process to get assistance pertaining to VAT and
Central Sales Tax has been simplified. In view of delay in reimbursement of VAT
to units at present, 75 per cent assistance will be given immediately on
payable amount on confirmation of deposit of total tax amount annually.
Remaining 25 per cent will be given by Commercial Taxes Department after
fixation of tax.
Under the policy, resources of government polytechnics
and ITIs will be used for promoting skill development. Side by side mega ITIs
will be established in major industrial areas.
The new policy has increased the upper limit of loan
subsidy for MSME sector from Rs 20 lakh to Rs 30 lakh. A state-level investment
empowered committee headed by the Chief Secretary will be constituted to
provide assistance to investment projects. District-level committees for MSMEs
will be made more effective. Minimum 20 percent land in new industrial areas
will be earmarked for MSME sector.
Maximum assistance of Rs 25 lakh will be given for
establishment of waste management system to promote green industrialisation.
Vender Development Programme will be made more effective to promote
establishment of auxiliary units. As per the new policy, assistance will be
given through deferment in government outstanding dues (except taxes) to
financial crisis-ridden investment projects involving over Rs 500 crore capital
Maximum Rs 3 crore will be reimbursed against
expenditure made on infrastructure development on undeveloped land outside
industrial areas in the context of major and medium industries. Non-polluting
micro and small industries will be exempted from obtaining NOC from Pollution
Control Board. Minimum space will be reduced from 100 acres to 50 acres for
establishment of private industrial areas.
The new policy provides that maximum 20 per cent of
the total land in new/expanded industrial areas of 100 acres or more will be
reserved for residential/commercial activities. Number of ineligible
in-operation industries will be reduced from 52 to 19 by rationalisation of
their list so that maximum number of industries can be provided assistance.
Equal facilities/assistance will be given to industries in entire state by
abolishing classification of districts in respect of industries.
For overall development of tourism in the state and to
attract more investment from private sector, amendments have been made in
Madhya Pradesh State Tourism Policy.
According to the amendments, all applications for
investment in tourism sector will be disposed of through single window system.
Tourism projects have been enlisted in the policy. Exemption from Luxury Tax
liability on rooms available in hotels has been increased from Rs 2000 to Rs
3000. Subsidy expenditure on capital expenditure in heritage hotels has been
increased from 25 per cent or Rs 1.50 crore to 35 per cent or Rs 1.50 crore.
For obtaining budget hotel construction grant,
condition of 50 rooms has been reduced to 25 rooms. Condition to fix maximum
rent as Rs 2000 has been abolished. Apart from relaxation in provisions of
construction of convention centre of land bank of Tourism Department, now
construction of convention centre on private land will also be encouraged.
The cabinet also endorsed amendments in the Land
Disposal Policy 2008 for disposal through auction the government lands allotted
to Tourism Department. As per it, disposal of government lands allotted to
Tourism Department through auction has been exempted from “Niji Poonji Nivesh
Ke Mamlon Mein Sarkari Dakhal Rahit Awantan Niti” issued by Revenue Department.
On demand by investors for tourism projects, such
land, which is a part of land bank mentioned in Revenue Department’s policy of
2013 and has not been transferred to Tourism Department, will be disposed of
under Revenue Department’s policy of 2013.