Policy for Establishment of Private Industrial Estates/Areas – 2023

The “Policy for Establishment of Private Industrial Estates/Areas – 2023” is implemented by the Micro, Small, and Medium Enterprises (MSMEs) under the Department of Industries, Government of Uttarakhand. The scheme aims to promote and facilitate the development of private industrial estates and areas in Uttarakhand by providing financial incentives, infrastructure support, and a streamlined regulatory framework.

Benefits

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.

Eligibility

Any individual, founder, developer, partnership firm, LLP, company, or institution legally registered under the Companies Act, Societies Act, or Limited Liability Partnership Act.
Entities operating in Joint Venture or Public-Private Partnership (PPP) mode, or as a Land Aggregator.
Mandatory land: At least 30 acres in plain areas and at least 2 acres in hilly areas.
Promoter/investor must arrange the land from their own sources.
Minimum lease/agreement period: 30 years.
Land must be legally in possession and free from encroachment.

Application Process

Online: https://investuttarakhand.uk.gov.in/

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. After receiving in-principle approval, the developer shall apply for the notification of formation through the Departmental Services tab. Once the notification is issued, the developer may submit an online application for financial incentives through the Incentive tab. Capital Subsidy Assistance for Infrastructure will be disbursed in four phases.