Chhattisgarh, a state in central India, has been actively promoting industrial and warehouse development by offering substantial subsidies and incentives to attract investment in these sectors. The Chhattisgarh Industrial Promotion Policy
(Check Policy Here) provides a favorable environment for businesses looking to establish or expand industrial and warehousing facilities within the state. One of the key benefits is subsidies on land acquisition, reducing the cost burden for investors. Additionally, eligible projects can avail of subsidies on capital investments, which further incentivizes industrial and warehouse development.
Furthermore, the government of Chhattisgarh provides support in the form of interest subsidies on term loans, making it easier for industries to secure financing for their projects. To enhance the competitiveness of businesses, the state offers reimbursement of VAT/CST (Value Added Tax/Central Sales Tax) and exemption from entry tax, reducing operational costs.
(Calculate Subsidy Here .)
These initiatives aim to stimulate economic growth, create employment opportunities, and strengthen the industrial and warehousing infrastructure in Chhattisgarh, making it an attractive destination for businesses seeking to leverage these subsidies for their growth and expansion.
Let's determine the classification of your industry as either a High Priority Industry, a Priority Industry, or a Saturated Industry by referring to the
Chhattisgarh Industrial Policy 2019-24.
Expansion Subsidy pertains to the enhancement of production capacity in an existing industry. This expansion should occur on or after the commencement of the Industrial Policy 2019-24. To qualify for this subsidy, the industry must have made an additional investment of at least 25% of the previously approved capital investment in its plant and machinery. (Check Expansion Policy Here)
The production capacity of the industry must also increase by a minimum of 25% compared to its originally installed capacity, which is registered with the Department of Commerce & Industries or based on the average production, whichever is greater. Furthermore, the expansion should result in a 10% increase in total employment.
For an existing unit to initiate the expansion process, it is imperative to obtain prior approval from the competent authority, which issued the production certificate. This approval should include comprehensive details about the proposed investment for the expansion. The commencement of commercial production under the expansion project must occur within the timeframe of November 1, 2019, to October 31, 2024.
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