MP: Cabinet clears policies on industrial development, tourism, air taxi ops
The Madhya Pradesh cabinet on Tuesday cleared the industrial development policy (IDP) 2014, the tourism policy and a policy for air taxi operations, all aimed at easing and attracting investments in these areas.Updated: Sep 30, 2014 22:24 IST
The Madhya Pradesh cabinet on Tuesday cleared the industrial development policy (IDP) 2014, the tourism policy and a policy for air taxi operations, all aimed at easing and attracting investments in these areas.
The IDP has been cleared in the run up to the global investors' meet scheduled in Indore from October 8-10. The policy envisages an online investor monitoring and facilitation system as part of the single window system of clearances and amenities.
The new policy makes it easier to secure financial benefits under VAT and central sales tax. Mega ITIs are to be set up in large industrial areas and the interest limit for micro, small and medium enterprises (MSMEs) has been increased from Rs 20 lakh to Rs 30 lakh.
Besides, 20% of land in new industrial areas would be kept aside for MSME sector. Green industrialisation will be promoted through financial incentives. A policy for dues to the government (except tax) on investments above Rs 500 crore, which are affected by payment problems, has also been approved.
Industrial parks in private sector are now required to have a minimum of 50 acres as against the earlier limit of 100 acres, while 20% of land in new industrial areas of more than 100 acres would be reserved for housing and commercial activities.
Non-polluting industries of micro and small scale now need not secure No Objection Certificates from the pollution control board.
The policies for industries will be uniform across the state and would not differ from district to district. Also, the number of industries that are ineligible for support has been reduced from 52 to 19.
The new policy has increased the limit for grant in heritage hotels from 25 to 35% or Rs 1.50 crore. A budget hotel will now need to have 25 rooms, against the current requirement of 50, while the maximum tariff clause of Rs 2,000 has also been waived off. The revenue department’s policy on auction of government land will not apply to the government land meant for auction in tourism sector.
Policy for air taxi operations
Open tenders would be invited under the policy for selecting a new air taxi operator. The operator would have to ply a minimum nine-seater aircraft and would be free to fix the fares. The state government would pay subsidy on a monthly basis for flights within the state and outside too and forego VAT on aviation turbine fuel.
The deadline for inquiry into fake sale letters and irregularities in Sardar Sarovar Project extended till October 8, 2015.
Three posts of special prosecutors in Lokayukta in Jabalpur, Indore and Gwalior upgraded to deputy directors prosecution.
The Rs 3,448-crore Kundaliya irrigation project in Rajgarh accorded administrative sanction.
First Published: Sep 30, 2014 22:12 IST