Uttarakhand, located at the foothills of the majestic Himalayan mountain ranges. The young state has emerged as one of the major investment destinations for manufacturing in the country, particularly in Automobiles, Pharmaceuticals & Food Processing, due to its business-friendly environment, conducive investment policies and simplified regulations. Therefore, entrepreneurs can leverage particularly lucrative business opportunities in Uttarakhand.
Key Sectors
- Agro based industries
- IT & ITES
- Pharmaceutical and Aromatic plants
- Tourism
- AYUSH and Wellness
- Film Tourism
Why to Invest in Uttrakhand?
- Transparent tax policies and swift approvals for the projects
- Fractional cost of setting up of operations as compared to NCR or other cities
- Large number of engineering and management Institutes including IIT & IIM
- Political stability, good governance and image as a peaceful state
- Attractive investment policy of State Govt.
- Availability of suitable industrial land to start business at a cheap rate
- Good quality of life for employees due to healthy environment
- Good connectivity by Rail, Road and Air with NCR
List of One time and recurring Incentives are as follows:-
One time Investment
- Land Cost Rebate
- Fixed Capital Rebate
- Capital Subsidy will be applicable on the fixed investment in factory building, plant & machinery
- Special Incentive Scheme for Women Entrepreneurs
- Capital Subsidy – Capital investment subsidy of 25% up to a maximum of INR 25 Lakh
- Applicable across the state for both Manufacturing and Services sector
- Stamp Duty Exemption
- Other Incentives
- Quality Certificate Reimbursement under MSME Policy 2015 (As Amended in 2019)
- ETP Subsidy
- Land Registration Fees under Mega Industrial and Investment Policy 2015
Recurring Investment
- SGST Reimbursement
- The SGST after adjustment of ITC on sale of finished product (B2C) will be reimbursed from the date of commencement of production of the unit for 5 years
- Interest Cost Subvention
- Interest Subsidy under MSME Policy 2015 (As Amended in 2019), Per Year/ Unit (Only on term Loan)
- Special Incentive Scheme for Women Entrepreneurs
- Interest subsidy of 6% on bank term loan taken by the entrepreneurs up to a maximum of INR 5 Lakh per year per unit
- Applicable across the state for both Manufacturing and Services sector
Conclusion:-
The state offers an unbeatable combination of single-point clearances, competitive land prices in world-class industrial estates, cheap power, clean water, a highly-skilled workforce. Also, the state offers its vast consumer base and dedicated Relationship managers for investors to guide them through their investment life cycle; hence, potential investors can do their due diligence and explore rewarding investment opportunities in Uttarakhand. Its world-renowned education system, Wild-life sanctuaries, peaceful & friendly people provide an unmatched quality of life to its residents