To promote investment in mountainous areas, the state government will give additional subsidy of four to 40 crores to industries. Provision has been made to give mountain incentives to investors in Uttarakhand Mega Industrial and Investment Policy. The Industry Department has issued orders to implement Uttarakhand Industrial and Investment Policy. Under this policy, two categories have been made to give the benefit of mountain incentives to industries. Pithoragarh, Uttarkashi, Chamoli, Champawat, Rudraprayag, Bageshwar districts are included in category A. Category B includes mountainous areas of Tehri district, Bhimtal, Dhari, Betalghat, Ramgarh, Okhalkanda development blocks of Nainital district and Chakrata development block of Dehradun district.
Provision has been made to give the benefit of subsidy
On setting up large, ultra large, mega and ultra mega industries in category A, additional subsidy of two percent of capital investment or maximum four to 40 crores will be given. Whereas there is a provision of subsidy of one percent or maximum two crores to 20 crores on investing in B category. According to the policy, on investing 51 to 200 crores in the large category in hilly areas, the investor will get the benefit of more subsidy from one to four crores. Similarly, on investing 1000 to 2000 crores in the ultra mega category, subsidy of 20 to 40 crores will be available. To encourage big investors, the state government has amended the policy of 2021 and implemented the Uttarakhand Mega Industrial and Investment Policy 2025. In this policy, the investors will invest that much in the state. Provision has been made to give the benefit of subsidy on that basis. Secretary Industry Vinay Shankar Pandey said, orders have been issued to implement the Mega Industrial and Investment Policy 2025 in the state. This policy will promote big investments in the state. Along with this, a separate provision of mountain incentives has been made for setting up industries in hilly areas.
