Punjab Fiscal Incentives - 2013

1. Punjab Fiscal Incentives - 2013 Industrial Promotion Policy, 2013 FISCAL INCENTIVES Department of Industries and Commerce, Government of Punjab

2. Punjab Fiscal Incentives - 2013 Introduction Incentives for Manufacturing Sector Units. Incentives for Integrated Textile Units. Incentives for Agro / Food processing Industries Incentives for Electronic Hardware and IT industry Way forward Contents www.pbindustries.gov.in

3. Punjab Fiscal Incentives - 2013 Economic Snapshot –% Distribution of GSDP 1. Introduction www.pbindustries.gov.in

4. Punjab Fiscal Incentives - 2013 • Fiscal Incentives will :- • Enable Secondary and Tertiary sector contribution in CAGR. • Enhance the industrial contribution toward state CAGR (95% of the total industrial units are small and medium category) • Over all development of State by providing incentives in zones • Less developed zone/ Areas will have – More Incentives • More Developed zones/ Areas will have – Less incentives. 1. Introduction www.pbindustries.gov.in

5. Punjab Fiscal Incentives - 2013 • Liberal incentives for all sectors • Manufacturing sectors • Integrated Textile units • Agro and Food Processing sectors • Electronic Hardware and Information Technology sectors 1. Introduction www.pbindustries.gov.in

6. Punjab Fiscal Incentives - 2013 2. Incentives for Manufacturing Sectors www.pbindustries.gov.in

7. Punjab Fiscal Incentives - 2013 2. Incentives for Manufacturing Sectors

8. Punjab Fiscal Incentives - 2013 • Retention of VAT and CST • Electricity Duty Incentive • Stamp duty Incentive • Property Tax Incentive • Market Fee/ Rural Development Fund/ Infrastructure Development Cess Incentive 3. Incentives for Integrated Textile Units. www.pbindustries.gov.in

9. Punjab Fiscal Incentives - 2013 4. Incentives for Agro / Food Processing Industries • Mandi Fee, RDF, ID Cess Incentives on Basmati, Maize, Wheat Fruits and Vegetable allowed on purchases made within the State for processing www.pbindustries.gov.in

10. 5. Incentives for Electronic Hardware and Information Technology units Punjab Fiscal Incentives - 2013 • IT/ ITeS/Knowledge Industry ( In the Districts of Mohaliand Amritsar only with min. investment of Rs 1 Cr) • VAT incentives • Power related Incentives • Stamp duty Incentives • Property Tax Incentives • Exemption from PPCB • Exemption from inspection under labour laws • Exemption from PAPRA • Incentives related to Housing and Urban Development • . www.pbindustries.gov.in

11. 5. Incentives for Electronic Hardware and IT industry Punjab Fiscal Incentives - 2013 • ii. Electronic Hardware manufacturing industry ( Min Investment Rs 5 Cr) • VAT incentives • Power related Incentives • Stamp duty Incentives • Property Tax Incentives • Exemption from PPCB • Exemption from inspection under labour laws • Exemption from PAPRA • Incentives related to Housing and Urban Development • . www.pbindustries.gov.in

12. 5. Incentives for Electronic Hardware and IT industry Punjab Fiscal Incentives - 2013 Contd. • Electronic Hardware manufacturing industry • Preferential Market Access (PMA) • Special incentive for Semi- Conductor Wafer FAB • . • . www.pbindustries.gov.in

13. 6. Way Forward Punjab Fiscal Incentives - 2013 • Facilitation Measures:- • For the ease of doing business in the state, Approval to be accorded in accordance with following major steps • Simplify procedures and documents. • Transparent work flows • Online application and approval • Self attestation of documents • Third party certification of building plans, stability, safety etc. • Payment gateway for online payments www.pbindustries.gov.in

14. 6. Way Forward ( contd.) Punjab Fiscal Incentives- 2013 • . • Steps already taken • PPCB : Simplified Consent Management for investors: • Online consent Management with online payment facility • Common application form for industry • Exemption from Site clearance u/s 41 (A) of the Factories Act, 1948 for industries set up in designated/ approved areas. www.pbindustries.gov.in

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