Friday, September 25

Bengal extends industrial parks scheme by 5 years

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The Bengal government, at a cabinet meeting on Wednesday, extended the existing incentive scheme for setting up industrial parks in collaboration with private partners for another five years. Land for these industrial parks needs to be organised by the private parties.
Under the Scheme of Approved Industrial Parks (SAIP), the government offers private parties/cooperative societies/MSME associations incentives to set up and run greenfield industrial parks, state home secre-tary Alapan Bandyopadhyay said.

“This scheme, launched by the Mamata Banerjee government in 2014, led to 14 private industrial parks being set up across 1,300 acres and more. Under the scheme, an industrial park can be set up by the private sector with various fiscal and non-fiscal incentives from the government,” Bandyopadhyay said.

A minimum of 20 acres is required for every industrial park with at least 20 MSME units. The developer must set up basic and essential common infrastructure facilities for which back-end incentives through reimbursement mode are on offer, the home secretary maintained.

Bandyopadhyay said keeping in mind the huge potential of employment generation, the scheme was being extended for five years. He said private industrial parks on 20-39 acres would receive an incentive of Rs 2 crore. “Similarly, parks planned on 40-59 acres will get Rs 4 crore; those on 60-79 acres will receive Rs 6 crore; those on 80-99 acres will get Rs 8 crore; and parks sprawling over 100 acres or more will receive Rs 10 crore as incentive,” he said.

Setting up a common effluent treatment plant (CETP) will earn a private partner incentive at the rate of Rs 5 lakh per acre. As an additional sop, there will be reimbursement of stamp duty. “Companies purchasing land for setting up an industrial park will get a refund of stamp duty. Moreover, power substations will be set up for free by the state provided the developer arranges for land,” Bandyopadhyay said, adding that link roads would be built by the government.

The cabinet on Wednesday also decided to appoint 642 medical technologists at various hospitals.

Source: TimesofIndia

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