Uttarakhand Govt to unveil new policy for MSMEs
Updated: Oct 15, 2013 05:21:42pm
Dehradun, Oct 15 (KNN) In order to give boost to the MSMEs in the state, Uttarakhand government is introducing a new MSME policy under which it will offer various incentives for the micro, small and medium enterprises (MSME) which are still grappling with the damage caused by the recent floods in the state.
In this context, the Department of MSME is in consultation with different business chambers in the state.
Under the new policy, the government is likely to offer incentives like capital subsidy, relaxation in stamp duty, electricity bills, transport and capital subsidy, and also implementation of Single Window Act.
The new policy will help revival of state economy which was ravaged by the deadly floods, said President of Industries Association of Uttarakhand, Pankaj Gupta.
As per the new policy, the government must provide good infrastructure facilities for new units, along with basic facilities like roads, electricity and water, Gupta added.
Uttarakhand which has nearly 40,000 small enterprises had an annual average real growth rate of 12.4 per cent during the period 2005-06 to 2012-13.
The services sector contributes around 53 per cent in GSDP followed by the industry and agriculture sectors at around 36 per cent and 11 per cent respectively in 2012-13.
The share of tourism alone in the GSDP of the state is estimated at around 25-30 per cent.
Earlier, in 2008 the government had introduced the Special Integrated Industrial Promotion Policy 2008 for hilly and remote areas for promoting industrial development. The policy was formulated to accelerate the pace of industrialization in the State and to provide employment opportunities along with the coordinated and planned approach for the industrial development.
The government policies and availability of natural resources in the state led to a good growth in the number of small units in the state by around 29 per cent.
In June 2013, a multi-day cloudburst caused devastating floods and landslides in the state which hit 19,500 small units and caused an estimated loss of Rs 531 crore to them. Uttarakhand tourism industry had also suffered a revenue loss of Rs 12,000 crore.
Uttarakhand is the second fastest mover in the conducive investment environment. It has attracted industrial investment proposals of more than Rs 31,000 crore in the last four years. The state has been able to develop three Integrated Industrial Estates at Haridwar, Pantnagar and Sitarganj, one Pharma city at Salequi and an IT park at Dehradun in a short span of ten years.
The main sectors of the state are agro and food processing, floriculture, handloom, hydropower, khadi and village industries and tourism. (KNN/SD)
In this context, the Department of MSME is in consultation with different business chambers in the state.
Under the new policy, the government is likely to offer incentives like capital subsidy, relaxation in stamp duty, electricity bills, transport and capital subsidy, and also implementation of Single Window Act.
The new policy will help revival of state economy which was ravaged by the deadly floods, said President of Industries Association of Uttarakhand, Pankaj Gupta.
As per the new policy, the government must provide good infrastructure facilities for new units, along with basic facilities like roads, electricity and water, Gupta added.
Uttarakhand which has nearly 40,000 small enterprises had an annual average real growth rate of 12.4 per cent during the period 2005-06 to 2012-13.
The services sector contributes around 53 per cent in GSDP followed by the industry and agriculture sectors at around 36 per cent and 11 per cent respectively in 2012-13.
The share of tourism alone in the GSDP of the state is estimated at around 25-30 per cent.
Earlier, in 2008 the government had introduced the Special Integrated Industrial Promotion Policy 2008 for hilly and remote areas for promoting industrial development. The policy was formulated to accelerate the pace of industrialization in the State and to provide employment opportunities along with the coordinated and planned approach for the industrial development.
The government policies and availability of natural resources in the state led to a good growth in the number of small units in the state by around 29 per cent.
In June 2013, a multi-day cloudburst caused devastating floods and landslides in the state which hit 19,500 small units and caused an estimated loss of Rs 531 crore to them. Uttarakhand tourism industry had also suffered a revenue loss of Rs 12,000 crore.
Uttarakhand is the second fastest mover in the conducive investment environment. It has attracted industrial investment proposals of more than Rs 31,000 crore in the last four years. The state has been able to develop three Integrated Industrial Estates at Haridwar, Pantnagar and Sitarganj, one Pharma city at Salequi and an IT park at Dehradun in a short span of ten years.
The main sectors of the state are agro and food processing, floriculture, handloom, hydropower, khadi and village industries and tourism. (KNN/SD)
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