To create high quality world class Infrastructure-2/”>INFRASTRUCTURE facilities in the State and enhance connectivity to the National Capital Region (NCR) and other leading markets.
To provide single window facilitation in the State to expedite project clearances and provide an investor friendly Climate.
To provide and facilitate expeditious land availability for setting Industrial ventures and Infrastructure projects.
To promote and encourage private sector participation in the development/management of Industrial Estates/Areas, Growth 3 Centers, IIDCs, Special Economic and Commodity Zones and Parks, Theme Parks, Tourism infrastructure, development of new tourist destinations, Airports/Helipads/Airstrips, Roads, generation, transmission and distribution of power, and projects in the area of Horticulture-2/”>Horticulture, Floriculture, Bio-technology etc.
To provide assured, good quality, uninterrupted and affordable power for industries.
To simplify and rationalize labour laws and procedures in tune with the current day requirements
To promote Small scale, Cottage and Khadi and Village Industries and Handicrafts Silk and Handloom sectors
To address problems of sickness and incipient sickness in Industry, SSIs and facilitate required restructuring and rehabilitation, etc.
To promote Industries based on local Resources particularly in the Areas of agriculture, Horticulture, Agro & Food Processing and Floriculture.
To promote planned and scientific exploitation of the mineral resources of the State and maximize value addition within the State.
To promote leading edge technologies and sunrise industries in the State in the areas of Information Technology and Bio-Technology.
To promote public/private sector involvement in generation of power and strengthening of the transmission and distribution Network.
To promote Tourism as a focus area and develop Uttaranchal as a premier global tourism destination.
To provide special attention for setting up industries in remote areas.
To develop and strengthen air, road, rail and other connectivity.
To develop Uttarakhand as a premier Education and research centre.
Salient Features:
Single Window Contact, Information and Facilitation by District Industries Centres and SIDCUL.
Single Window Clearance Mechanism
Time Bound Deemed Clearances.
Establishment of Udyog Mitra.
Development and Promotion of Industrial Estates by providing Land/Plots to Entrepreneurs.
Encouraging Private Sector Participation.
Professional Advice to the Projects for developing infrastructure by U-DEC
Mega Projects Over 50 Crores will be considered for grant of further concessions.
State Government and SIDCUL will provide financial credit to the entrepreneurs.
Development of Handicrafts, Handlooms, Wool Based Industry, Agro and Food Processing Industry, Floriculture etc.
Special attention to the Tea Industry and Forest Based Industry.
Schemes for IT industry, Biotech Industry and Industry Based on Herbal & Medicinal Plants.
Benefits:
100% Central Excise exemption for 10 years on items other than those mentioned in the negative list in the Concessional Industrial Package announced by the Central Government.
100% Income tax exemption for first 5 years and 30% for next 5 years for the Companies and 25% for others.
Capital Investment Subsidy @15% with a maximum of Rs. 30 Lakhs. (Rs. 3 million).
Exemption from entry tax on Plant & Machinery for setting up Industry or undertaking substantial expansion and modernization.
Land use conversion and development charges and regime will be rationalized.
Stamp duty concessions will be provided in respect of land in specialized commodity parks, including I.T. parks.
For the purpose of Interest Incentive, Substantial Expansion shall mean additional investment of not less than 25% of the undepreciated book value of plant and machinery of an industrial unit.
For revival/rehabilitation of sick SSI units, interest incentive @ 3% with a maximum of Rs. 2 lakhs per annum shall be provided on the loan taken under fully tied up revival and rehabilitation package from financial institutions, banks etc.
In the case of sick non-SSI units, Government will sympathetically consider measures required under revival/rehabilitation package drawn by Operating Agency/Financial Institutions/Banks.
100% exemption on Entertainment tax will be allowed for Multiplex projects in the State for a period of three years, and for all new amusement parks and ropeways for five years.
75% of the Total Expenditure subject to a maximum of Rs.2 lakhs incurred in obtaining national/internationally approved quality marks such as ISO series certificate etc., shall be reimbursed to the entrepreneurs provided that the reimbursement / grant availed for this from all sources should not exceed the total expenditure on this head.
75% of the cost subject to a maximum of Rs. 2 lakhs shall be made available to the entrepreneurs in the shape of assistance for registering their patents, provided that the total reimbursement/grant availed for this from all sources should not exceed the total expenditure on this head.
For educated unemployed youth, financial loan assistance for projects upto Rs. 2 lakhs in case of Manufacturing/Service Industry and projects upto Rs. 1 lakh in business sector
Industries generating EMPLOYMENT opportunities shall be encouraged.
Purchase preference and price preference will be given to State SSIs in State purchases. Purchase preference shall be accorded to Non-SSI units within the State vis-avis units outside the State.
Matching State subsidy on approved projects of National Horticulture Board (NHB), Agricultural & Processed Food Products Export Development Authority (APEDA), National Medicinal Plant Board (NMPB) subject to a maximum of Rs. 20 Lakhs and subject to a total subsidy not exceeding over 50% of the project cost.
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Industrial policy is a government strategy designed to promote the development of specific industries within a country. It can involve a variety of tools, such as subsidies, tax breaks, and regulations. Industrial policy is often used to promote economic growth and development, to create jobs, and to protect national security.
The history of industrial policy dates back to the 17th century, when the British government began to support the development of its textile industry. In the 19th century, the United States government used industrial policy to promote the development of its railroads and steel industry. In the 20th century, many countries used industrial policy to promote the development of their high-tech industries.
The objectives of industrial policy vary depending on the country and the time period. However, some common objectives include:
Promoting economic growth and development
Creating jobs
Protecting national security
Promoting innovation
Reducing inequality
There are a variety of tools that can be used to implement industrial policy. Some common tools include:
Subsidies: Direct payments from the government to businesses.
Tax breaks: Reductions in taxes for businesses.
Regulations: Rules that businesses must follow.
Public investment: Spending by the government on infrastructure and other projects that support businesses.
Trade Policy: Policies that affect the flow of goods and Services between countries.
There are a number of arguments for and against industrial policy. Some of the arguments in favor of industrial policy include:
It can promote economic growth and development. By supporting the development of key industries, industrial policy can help to create jobs, increase productivity, and boost exports.
It can create jobs. By supporting the development of key industries, industrial policy can help to create jobs in those industries.
It can protect national security. By supporting the development of key industries, industrial policy can help to ensure that the country has a strong industrial base in the event of a national emergency.
It can promote innovation. By supporting the development of key industries, industrial policy can help to create an Environment in which businesses are able to innovate and develop new products and services.
It can reduce inequality. By supporting the development of key industries, industrial policy can help to create jobs and opportunities in areas that have been traditionally disadvantaged.
Some of the arguments against industrial policy include:
It can be inefficient. By picking winners and losers, industrial policy can lead to the inefficient allocation of resources.
It can lead to Corruption. By giving the government the power to pick winners and losers, industrial policy can create opportunities for corruption.
It can distort the market. By intervening in the market, industrial policy can distort prices and create inefficiencies.
It can harm consumers. By supporting inefficient industries, industrial policy can lead to higher prices for consumers.
It can be difficult to implement effectively. Industrial policy is often difficult to implement effectively, as it requires the government to have a deep understanding of the industries it is trying to support.
The future of industrial policy is uncertain. Some argue that it will become more important in the future, as countries compete for global competitiveness. Others argue that it will become less important, as the world economy becomes more integrated.
The evidence on the effectiveness of industrial policy is mixed. Some studies have found that industrial policy has been successful in promoting economic growth and development, while others have found that it has been ineffective or even harmful. The effectiveness of industrial policy likely depends on a number of factors, such as the country’s level of development, the specific industries that are targeted, and the way in which the policy is implemented.
What is the difference between a business and an industry?
A business is an organization that provides goods or services to customers. An industry is a group of businesses that produce similar goods or services.
What are the different types of industries?
There are many different types of industries, but some of the most common include manufacturing, agriculture, retail, and finance.
What are the factors that affect the success of an industry?
The success of an industry is affected by a number of factors, including the demand for its products or services, the cost of production, the level of competition, and the regulatory environment.
What are some examples of government policies that can affect industries?
Government policies that can affect industries include taxes, subsidies, tariffs, and regulations.
What are some of the challenges facing industries today?
Some of the challenges facing industries today include Globalization/”>Globalization-3/”>Globalization, technological change, and environmental regulations.
What are some of the opportunities for industries today?
Some of the opportunities for industries today include the growth of emerging markets, the rise of the middle class, and the increasing demand for sustainable goods and services.
What are some of the trends that are shaping the future of industries?
Some of the trends that are shaping the future of industries include the rise of Artificial Intelligence, the growth of the sharing economy, and the increasing importance of data.
What are some of the ethical issues that are facing industries today?
Some of the ethical issues that are facing industries today include the use of child labor, the environmental impact of production, and the treatment of workers.
What are some of the ways that industries can be more sustainable?
Some of the ways that industries can be more sustainable include reducing their environmental impact, using RENEWABLE ENERGY, and investing in social responsibility.
What are some of the ways that industries can be more ethical?
Some of the ways that industries can be more ethical include paying their workers a fair wage, providing safe working conditions, and avoiding child labor.
Sure, here are some MCQs on the topics of economic growth, trade, and development:
Which of the following is not a factor of economic growth? (A) Natural Resources (B) Human Capital (C) Technology (D) Government policy
Which of the following is a trade barrier? (A) Tariff (B) Quota (C) Embargo (D) All of the above
Which of the following is a type of Economic Development? (A) Import substitution (B) Export-oriented growth (C) Human Development (D) All of the above
Which of the following is a goal of economic development? (A) To increase per capita income (B) To reduce POVERTY (C) To improve Health and education (D) All of the above
Which of the following is a challenge to economic development? (A) Inequality (B) Corruption (C) Environmental Degradation (D) All of the above
Which of the following is a policy that can promote economic growth? (A) Investing in education and infrastructure (B) Reducing taxes and regulations (C) Promoting competition (D) All of the above
Which of the following is a policy that can promote trade? (A) Reducing tariffs and quotas (B) Signing free trade agreements (C) Providing subsidies to exporters (D) All of the above
Which of the following is a policy that can promote economic development? (A) Investing in human capital (B) Investing in infrastructure (C) Promoting Good Governance (D) All of the above
Which of the following is a challenge to trade? (A) Protectionism (B) Non-tariff barriers (C) Currency fluctuations (D) All of the above
Which of the following is a challenge to economic development? (A) Conflict (B) Natural disasters (C) Disease (D) All of the above