INCENTIVES AND  CONCESSIONS

AVAILABILITY OF POWER AT LESSER RATES
Power tariff is comparatively lesser when compared to neighboring states and uninterrupted power supply is available to industries.

EXEMPTION FROM PAYMENT OF EARNEST MONEY DEPOSIT AND SECURITY DEPOSIT

Permanently registered Small Scale Industries are exempted from payment of earnest money deposit and Security Deposit for tenders called by the Pondicherry Government Departments for the supply of registered items .

PRICE PREFERENCE

Small Scale industries are eligible for 15% price preference for the supply of finished products manufactured by them to the Pondicherry Government Departments.

INCENTIVES FOR SC/ST AND WOMEN ENTREPRENEURS:

(a) Investment Subsidy : 25% Investment subsidy is granted by Industries Department for the fixed capital investment subject to a maximum of Rs.25 lakhs for the SSI units started by SC/ST and Women entrepreneurs.

(b) Interest Subsidy : The industrial units which have availed loan from financial institution towards creation of fixed assets and for working capital, an interest incentive to an extent of 25% of the annual interest amount paid, for five years shall be admissible from the date of commencement of commercial production. The maximum amount is restricted to Rs 75,000 per annum.

(c) Rent Subsidy: Rent subsidy at the following sliding percentage for a period of 5 years is granted to the SC/ST and Women entrepreneurs who start the SSI unit in rented shed owned by PIPDIC/ Industries Department.

(i) For the first two years 50% of the rent ,

(ii) For the third year 40% of the rent,

(iii) For the fourth and fifth year 25% of the rent

(D) Employment Incentive: " Wage / Employment subsidy of 20% Wage/Salary in case of such workers who are covered under Provident Fund (PF) will be granted. The new units which commence the production after the issue amendment would alone eligible for this incentive for a period of 5 years. This would be limited by the minimum wages prescribed by Government from time to time. Further the maximum amount which can be given as subsidy would be Rs 5 lakhs per annum per unit under this provision;

INCENTIVES FOR IT INDUSTRIES

Fixed Capital investment subsidy at the rate of 20% subject to a maximum of Rs.20.00 lakhs

Subsidy on leased line rental payable to the extent of 50% for first 3 years

Interest subsidy of maximum Rs 75,000 per annum

Employment incentive of 20% wage/salary of local youth employed in the unit suject to a maximum of Rs 5 lakhs per annum per unit.

IT software and IT industries will be extended upto 15% of the total equity

The rate of interest will be 0.5% per annum less than the prevailing rate of interest for IT industries by PIPDIC.

The container corporation of India has opened inland contrainer Depot to promote containerisation of Cargo and EXIM Trade in Pondicherry

Sales Tax is exempted for the sale of goods manufactured by the IT industries located in U.T of Pondicherry for a period of 10 years

Information Technology related industrial units engaged in software development services and training are exempted from locational restrictions

Relaxation of FAR to the extent of 50% will be given to the IT units set up outside the urban areas

Software industries are exempted from obtaining NOC on pollution angle

Uninterrupted power supply, priority in sanctioning and connecting power for IT industries will be extended by Electricity Department

Permission to run 3 shift operations for the IT industries will be granted by Labour Department subject to the provision of other facilities such as one day off, facilities to women workers etc. Labour Department has already granted exemption to knowledge based industries in the Union Territory of Pondicherry under the shops and Establishment Act/Rules'1964

Commercial buildings which are fully dedicated to IT Industries will be exempted from land & buildings tax for a period of 5 years

Stamp duty exempted for the IT industries on sale/lease of property in Software Technology Park and on execution of term loan agreement on credit provided by PIPDIC.

The stretch of East Coast Road starting from Siddhanandasamy Temple Junction to Ariyankuppam is declared as an IT Corridor. The role of the Government in this regard will be to provide necessary infrastructure facilities like road, power, water supply, telecommunication, etc.

INCENTIVES FOR POLLUTION CONTROL EQUIPMENTS/ENERGY SAVING DEVICES

50% incentives for SSI, 25% for medium and large scale units is granted for purchase of pollution control machineries and equipments/energy saving devices with a ceiling of Rs.5 Lakhs per unit.

FINANCIAL ASSISTANCE

Term loan is sanctioned by Pondicherry Industrial Promotion, Development and Investment Corporation Limited (PIPDIC) under IDBI/SIDBI refinance scheme upto Rs.150 lakhs for projects whose cost is below Rs.500 lakhs.

ALLOTMENT OF PLOT

Pondicherry Industrial Promotion, Development and Investment Corporation Limited (PIPDIC) provides developed plots to the entrepreneurs in the Industrial estates set up by the Corporation on 99 years premium lease basis.

To contact us:

Phone : +91- 413 - 2248967 / 4202442 / 2242756
Fax : +91- 413 - 2248967

Email : asiutop@yahoo.co.in  / asiutop@asiutop.org 

ASSOCIATION OF SMALL INDUSTRIES OF THE UNION TERRITORY OF PONDICHERRY (ASIUTOP),
Industrial Estate,Thattanchavady, Pondicherry - 605 009, India.