Policy for Establishment of Private Industrial Estates/Areas - 2023

• Capital Subsidy on Infrastructure: ₹10 lakh per acre. - Subsidy for Setting Up CETP: 40% of the cost, up to a maximum of ₹1 crore. - Assistance for External Infrastructure Development: 2% of the total fixed capital investment made by the private promoter on the fixed assets created for the industrial establishment, per park/area, will be payable.

<br>

1. Any individual, founder, developer, partnership firm, LLP, company, or institution legally registered under the Companies Act, Societies Act, or Limited Liability Partnership Act, as well as entities operating in Joint Venture or Public-Private Partnership (PPP) mode, or as a Land Aggregator (with written consent of all concerned landowners), shall be eligible to apply for setting up a Private Industrial Estate/Area.
2. For establishing a private industrial estate/area/park, it is mandatory to have at least 30 acres of land in plain areas and at least 2 acres in hilly areas.
3. The promoter/investor must arrange the required land from their own sources for setting up the industrial estate/area.
4. In cases where land is aggregated through land aggregators, SIDCUL will enter into an agreement with the promoter/land aggregator to ensure fulfillment of financial obligations under the policy.
5. If a minimum of 80% of the land is acquired or aggregated by the private industrial estate/park developer, and there is an obstacle in acquiring the remaining land, SIIDCUL (State Infrastructure and Industrial Development Corporation of Uttarakhand Limited) may acquire the remaining land through the District Magistrate, provided a bank guarantee from the developer equal to the acquisition price is submitted.
6. In cases where land is leased or aggregated by the developer, the minimum period of lease/agreement shall be 30 years, which may be renewed with the mutual consent of both parties.
7. The proposed land must be legally in the possession of the promoter and free from any encroachment.

<br>

• For the formation of a Private Industrial Estate, the eligible developer shall submit the application along with all mandatory documents through the CAF tab on the portal www.investuttarakhand.uk.gov.in. - After receiving in-principle approval, the developer shall apply for the notification of formation of the industrial estate through the Departmental Services tab on the single-window portal, along with all required documents.
• Once the notification for the formation of the Private Industrial Estate/Park is issued, the developer may submit an online application for financial incentives under the policy through the Incentive tab on www.investuttarakhand.uk.gov.in. - Capital Subsidy Assistance for Infrastructure will be disbursed in four phases, with each phase payable upon fulfillment of the prescribed conditions and completion of the specified work.

<br>