Dehradun, June 20: Uttaranchal government has announced its new industrial policy providing a number of tax incentives, capital investment subsidy of 15 percent, and stamp duty exemption in specialized commodity parks and IT parks. Presenting the policy in the assembly, chief minister N D Tiwari said the thrust of the new industrial policy that would remain in force for five years was to invite private investors in all the key sectors including infrastructure development.

The policy envisages cent percent central excise exemption for 10 years on items other than those mentioned in the negative list of the industrial package announced by the Centre on January 7.
There will be 100 per cent income tax exemption for the first five years and 30 per cent for next five years for companies and 25 per cent for other investors.
The policy provides capital investment subsidy at the rate of 15 per cent with a maximum of Rs 30 lakh.
The policy extends central transport subsidy till 2007. There is exemption from entry tax on plant and machinery for setting up industry or undertaking substantial expansion or modernisation. Bureau Report