MAKE IN INDIA

Metals and Mining in Kerala

Kerala economy is transforming into a service economy with high inward remittance and skilled technical human resources. Development of more enterprises by fortifying the skilled human capital and promoting investments including domestic as well as foreign in all the sectors to entail in the total economic development of the State through employment generation and export oriented business is the major objective of the Government.

Fixed Capital Rebate

• Investment in Land, Building, Plant & machinery, Electrification, Essential Office Equipment, Pollution Control Devices and other fixed assets are eligible

• For General Category Assistance is 15% limited to INR 20 lakhs

• For Young (18 to 45 years), Women and SC/ST entrepreneurs, the assistance is 20% limited to INR 30 lakhs

• Enterprises in priority sector are eligible for additional assistance of 10% limited to INR 10 lakhs

• MSMEs started in the districts of Idukki, Wayanad, Kasargode and Pathanamthitta are eligible for additional support of 10% limited to INR 10 lakhs

• Industries set up after acquiring new technology from approved research institutions are eligible for additional support of 10% limited to INR 10 lakhs

• The total eligible assistance for an enterprise is limited to INR 30 lakhs

For MSMEs:

@ 25% subsidy:

• For Micro & Small up to INR 1 crore @ 30% subsidy:

• For Micro & Small up to INR 1.25 crores owned by SC, ST, Differently abled, women or technical entrepreneur

Additional 5%:

• For MSMEs unit in industrially backward districts including KBK or Up to INR 10 lakhs for units engaged in recycling of E-waste, Hospital waste, Construction & demolition waste

Stamp Duty Exemption

100% Exemption:

• With respect to land allotted by the Government to IDCO or Govt/IDCO to Private Industrial Estate Developers or when transfer of land/shed by Govt, IDCO and Private Industrial Estate developer to industrial units.

Automobile in Odisha

Odisha is uniquely positioned to attract Automobile manufacturing investments. The state has enjoyed 2 decades of stable and transparent governance which has enabled a higher the national average GSDP growth. Odisha is the only resource-rich coastal state in India with the largest mineral production in India along with the largest deposits of Iron Ore, Bauxite, Chromite and Nickel. The state is also home to the Paradeep port, the largest port in Eastern India, which provides a gateway to the ASEAN region.

Over the past few years, Odisha has also emerged as the skill capital of India with presence of globally recognised institutes of Higher Learning & Research including CIPET, IIT, IIM, IIIT, NIT, AIIMS, KIIT, XIMB. The state is one of the first to have a dedicated Skill Development Authority, which develops customised training programs for workers based on Industry's requirement. Finally, the State provides one of the most competitive cost of doing business with amongst the lowest land and utility charges in the country backed by an enabling doing business framework.

Land Cost Rebate

Land at subsidised rates as per the Industrial Policy 2015:

• Applicable for all industries

25% subsidy on cost of land:

• Applicable for Anchor Industrial Units, i.e. for investments by lead investors in a park or cluster which would promote and further facilitate investment in the park or cluster

Exemption from payment of premium, leviable under OLR Act.1960 (Change of land-use charges):

• 100% up to 100 acres and 50% for balance area

Fixed Capital Rebate

Capital Subsidy for Plant and Machinery - 10% of investment in plant and machinery:

• Minimum investment of INR 100 crores in a forward district with employment for 100 workers and INR 50 crores in backward district with employment of 75 workers with maximum cap of INR 50 crores depending on investment and employment range

Capital grant to support Quality

Infrastructure in Industrial parks/clusters:

• 50% of the infrastructure cost with a ceiling of INR 10 crores per green field industrial park/cluster

• 50% of total cost with a ceiling of INR 5 crores for up gradation of brown field clusters

• On Loan agreements, credit deeds, mortgages and hypothecation deeds executed by the Industrial Units in favour of Banks or Financial Institutions

Other Incentives

• One-time reimbursement of Energy audit cost for MSMEs with maximum cap of INR 3 lakh

• Environmental Protection Infrastructure Subsidy of 20 Lakhs or 20% of capital cost of setting ETP for MSMEs

• 100% of the registration for Patent Registration cost up to maximum of INR 10 Lakhs

• Quality Certification: Renewal for consecutive two years i.e. for a period of 3 years @ 100% to a total maximum limit of INR 3 Lakhs

• Assistance for technical know-how: 100% of cost of purchase of technical knowhow up to INR1 Lakh in case of indigenous technology and up to INR5 Lakhs in case of imported technology

• Entrepreneurship

Development Subsidy: Reimbursement of 75% of course fee limited to INR 50,000 per course

For Workers' Hostel:

• Land rate at 50% of the prevailing market rates of IDCO for 1-3 acres of land, based on employment and investment with minimum investment of INR 100 crores in a forward district with employment for 100 workers and INR 50 crores in backward district with employment of 75 workers.

Make in India: Centre enhances approval free limits for FDI in defence

New Delhi, Sep 18: The Centre has enhanced the FDI limit for defence sector by allowing up to 74 per cent capital via automatic route.

Government approval will be required for in-take of foreign capital beyond 74 per cent with a stipulation that the foreign capital "is likely to result in access to modern technology or for other reasons to be recorded".

According to the Department for Promotion of Industry and Internal Trade (DPIIT), the decision will take effect from the date of FEMA (Foreign Exchange Mana gement Act) notification.

"FDI up to 74 per cent under automatic route shall be permitted for companies seeking new industrial licenses," DPIIT said in a press note.

"Infusion of fresh foreign investment up to 49 per cent, in a company not seeking industrial license or which already has government approval for FDI in Defence, shall require mandatory submission of a declaration with the Ministry of Defence in case change in equity or shareholding pattern or transfer of stake by existing investor to new foreign investor for FDI up to 49 per cent within 30 days of such change."

"Proposals for raising FDI beyond 49 per cent from such companies will require government approval."

Pandals in GIS-2023 to be named after sages

Lucknow, Jan 29: Uttar Pradesh Chief Minister Yogi Adityanath has decided to name various pandals being put up at the Global Investors Summit-2023 (GIS-2023) after prominent sages of India.

The GIS-2023 is scheduled to be organised at the Vrindavan Yojana in Lucknow from February 10 to 12.

Prime Minister Narendra Modi will inaugurate the programme on the first day, which will be followed by discussions to be held by different departments at four pandals(enclosures).

According to the official spokesman, all the exhibition halls have been already named after major rivers.

Yogi Adityanath has named the main pandal of GIS-23 as Maharishi Valmiki.

The second, third, fourth and fifth pandals have been named after Maharishi Vyas, Dadhichi, Bhardwaj and Maharishi Vashishtha.

A discussion on how Uttar Pradesh is spreading wings in the world in the field of designing and manufacturing would be organised at Maharishi Vyas pandal on February 10. A discussion on 'Power House of White Goods Manufacturing' will take place at Maharishi Dadhichi pandal.

‘Think-20’, a preparatory meet under ‘G-20’ summit begins today in Bhopal

Bhopal, Jan 16 (IANS) After two international events - 'Pravasi Bharatiya Diwas' and 'Global Investment Summit' in Indore, Madhya Pradesh government will be hosting 'Think-20'preparatory meetings under 'G-20' summit, in Bhopal from Monday.

According to the state government's information, at least 94 representatives from several overseas countries, besides intellectuals, economists and officials will assembled in two-day meeting (Jan 16-17) at Kushabhau Thakre Convention Centre in Bhopal.

"Chief Minister Shivraj Singh Chauhan will attend the inaugural session of the meeting during witch, experts and foreign guests will discuss various topics including 'Global Governance with LiFE, Values, and Wellbeing'," the government said in an official statement on Monday. Other speakers during the inaugural session will be Indonesia's Deputy Minister for Political Affairs, Law, Defence and Security Slamet Soedarsono, Chief Coordinator for India's G20 Presidency Harsh Vardhan Shringla and NITI Aayog Vice Chairperson Suman Bery.