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Spigot Junior Artist Username: Spigot Post Number: 517 Registered: 01-2015 Posted From: 24.107.84.102 Rating: N/A |
hammayya AMEN | ||
Spigot Junior Artist Username: Spigot Post Number: 516 Registered: 01-2015 Posted From: 24.107.84.102 Rating: N/A |
September 25, 2014, Industrial Principal secretary statement: http://www.thehindu.com/news/cities/Vijayawada/ap-will-have- new-industrial-policy-anytime-in-the-foreseeable-future-jsv- prasad/article6445749.ece He said the Government had initiated reforms aimed at exempting Green category industries from obtaining approvals of the Pollution Control Board, giving special incentives to industries which set up their units with investments exceeding Rs 1,000 crore, establishment of a Skill Development Corporation and Skill Development Council for identifying the thrust areas where enhancement of skills is required and easing labour laws in manufacturing sector. April 1, 2015 http://www.business-standard.com/article/economy-policy/andh ra-pradesh-unveils-new-industrial-policy-115040101165_1.html Single Desk Policy This policy seeks to create an investor-friendly climate by ensuring the highest ease of doing business and would provide all the clearances within 21 working days. Empowered committees and state-level bureau have been created for review and monitoring the implementation of the policy, which is designed with spot approvals, deemed approvals and online application filing among other features. Textile policy The government would provide a host of incentives including 12.5 per cent interest subsidy and a power subsidy of Re 1 per unit for spinning and Rs 1.50 per unit for ginning units. Refund of VAT on purchase of intermediate products, and reimbursement of tax to the extent of 100 per cent of the eligible fixed capital investment in plant and machinery for a period of five years. Capital subsidy on the investment to the extent of Rs 10 crore to standalone garmenting and apparel units, financial assistance of up to 50 per cent of expenditure on common facilities in the case of textile/apparel parks are among the other facilities. For the employees working in these units, the government would extend training fee and the transport subsidies. Biotechnology policy Under this projects with a capital investment of over Rs 50 crore or those which provide direct employment to 200 people would be entitled for tailor-made incentives. The government would set up life sciences knowledge centres in Visakhapatnam, Kakinada, Tadepalligudem, Vijayawada and Tirupati and one mega life sciences park at Visakhapatnam in addition to mini parks and incubation centres at other places. It plans to set up a guidance cell to assist and advise business units on regulatory compliance and procedures. Incentives include power subsidy, infrastructure support and collaborative research grants. Automobile and auto components policy The government would set up two major auto clusters in PPP mode in Nellore and Chittoor districts. Giving a boost to the ancillary industry, the government said all such units of mega integrated projects would get a 75 per cent reimbursement of gross VAT/GST for ten years or 100 per cent equivalent of the capex made by these units in the first seven years. Also, the automobile industry would be declared as public utility in order to prevent strikes. |