Press Information Bureau

Government of India

Ministry of Commerce & Industry

21-November-2016 16:57 IST

Under the liberalized industrial policy regime, the investors take the decision about locating new industries in a State. Further, except for specific financial and non-financial incentives given as per Scheme parameters under Sectoral and Spatial Plan Schemes of various Ministries, the Central Government does not provide financial assistance for setting up of new Industries in any State. The Government makes efforts through policy measures to encourage setting up of industries in various sectors and in difficult areas. For helping industries in difficult areas for inclusive industrial growth/development, the Plan Schemes viz. special package for Special Category States (Jammu & Kashmir, Himachal Pradesh and Uttarakhand), North-East Industrial and Investment Promotion Policy (NEIIPP) 2007 for the States of North Eastern Region and Sikkim, Transport Subsidy Scheme, 1971/Freight Subsidy Scheme, 2013 (for the States of Himachal Pradesh, Uttarakhand, J&K, Darjeeling district of West Bengal, Andaman and Nicobar Islands, Lakshadweep and 8 North Eastern States) are in operation. Apart from this, assistance is provided under Industrial Infrastructure Upgradation Scheme (IIUS), 2003/ Modified Industrial Infrastructure Upgradation Scheme (MIIUS), 2013 and Integrated Leather Development Programme (ILDP) Schemes of Department of industrial Policy and Promotion.

The project proposals from States as per Scheme parameters under Sectoral and Spatial Plan Schemes of various Ministries are received and processed by the Ministries concerned, details of production by such specific industrial establishments is not centrally maintained in Department of Industrial Policy and Promotion.

This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha today

***

MJPS

Central financial non-assistance policy: industry support limited to scheme-based incentives processed by ministries, states decide locations. The Central Government generally does not provide direct financial assistance for setting up industries; instead, financial and non-financial incentives are available only under defined Sectoral and Spatial Plan Schemes administered by Ministries (including special packages for difficult areas, NEIIPP, transport/freight subsidies, IIUS/MIIUS, and ILDP). Project proposals are received and processed by the concerned Ministries under scheme parameters, and the Department of Industrial Policy and Promotion does not centrally maintain production details of specific industrial establishments.