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Sundev Marketing
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Maxtel India
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A.K.G Industries
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Ajanta Associates Pvt. Ltd., Bangalore
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GUJARAT
Policies | Orders

POLICIES
ORDER / NOTIFICATION	SUBJECT
IM & ED Resolution No: SIU-1091/3224 CH Dt. 20-6-1991	Scheme for Rehabilitation of SSI and Non-BIFR sick industries To facilitate the revival of viable sick industrial units as also the winding-up of non-viable sick nits, Government of India have set up a statutory board, viz. Board for Industrial and Financial Reconstruction (BIFR) under the Sick Industrial Companies (Special Provisions) Act, 1985. SSIs however do not come under the purview of BIFR Govt. of Gujarat had therefore introduced a Scheme for rehabilitation of SSI and non-BIFR sick industries
Govt. Resolution No: SIU- 1098- 668 CH Dt. 13-8-1998	The State Govt. has decided to approve the following Scheme in supercession of IM & ED Resolution No. SIU-1091/3224-CH dated 20-6-1991 Scheme for Rehabilitation of Small-Scale and Non-BIFR Sick Viable Industries To come into effect from the date of issue of this Order To be Applicable only to SSI units/ancillary units in the manufacturing sector whose total investment in P & M exceeds Rs. 5 lakhs. Reliefs and Concessions In principle, the parameters applicable to medium & large scale units for the purpose of BIFR would also apply to SSI or ancillary sick units Non-Fiscal Reliefs and Concessions: Relaxation from power cuts Grant of permission to mortgage surplus land exempted under Sec.20 of Urban Land Ceiling Act in favour of banks/financial institutions State Govt. shall not insist upon bank guarantees against arrears due to it Amicable settlement of disputes management and representatives of labour through proactive action of Labour Department Fiscal Reliefs and Concessions Reliefs in Payment of Sales Tax: Deferment of Arrears; and Sales Tax Deferment Reliefs from the Energy Department: Electricity duty deferred for a period of two years from the date of sanction of the rehabilitation package Continuation of Incentives sanctioned earlier Additional Concessions: Deferment of arrears of water charges; Reduction of interest on delayed payment by Gujarat Electricity Board to 12% and waiver of extra service charges for reconnection of water supply.
Govt. Resolution No: SIU- 1098- 668- CH Dt. 17-4-2000	New Industrial Policy Scheme for Rehabilitation of Small Scale and Non-BIFR Sick Viable Industries. Amendments in present provisions in the Scheme for Rehabilitation of Small Scale and non-BIFE sick viable industries (Govt. Resolution No. SIU-1098-668-CH dated 14-8-1998) due to eligibility conditions. The Scheme shall be reviewed after a period of one year (i.e. defining sickness in terms of 30% erosion in net worth) Definition of Sick Unit to be substituted as: Erosion in net worth due to accumulated cash losses to the extent of 50% or more of its peak net worth in the preceding two years OR 30% or more of its peak net worth in the preceding two accounting years in case of reference made by its financing bank or financial institution
The Incentive Policy 1995-2000	Comprehensive Industrial Policy Gujarat-2000 A.D. and Beyond The Scheme will be in operation from 16-8-1995 for a period of 5 years, up to 15-9-2000 Salient Features: As many as 128 out of 184 talukas of the State eligible for benefits under various packages of incentives Eligible areas grouped into two main categories, giving a wider choice of location Thrust industries, premier and prestigious units, eligible for incentives all over the State, except in a few banned areas Tiny units set up and managed by SC/ST/Other Backward Classes/women entrepreneurs/educated unemployed youth offered cash subsidy at a higher rate Premier units eligible for sales tax incentives upto as much as 175% of fixed capital investment for a maximum period of 17 years. List of ineligible industries reduced to a minimum Capital Investment Subsidy Scheme The quantum of the capital investment subsidy for SSI units is 20% of the eligible fixed capital investment or Rs. 15 lakhs whichever is less (in Category I) and 15% of the eligible fixed capital investment or Rs. 10 lakhs whichever is less (in Category II) Incentives to Thrust Industries The following are identified as Thrust Industries: Garments (including hosiery) Gems and jewellery Agro-processing (except edible oil seeds) Food processing Leather products Ancillary engineering industries 100% Export oriented Units Cash subsidy for SSIs in thrust industries: 25% of the eligible fixed capital investment or Rs. 15 lakhs whichever is less (in Category I) and 20% of the eligible fixed capital investment or Rs. 10 lakhs whichever is less (in Category II) Electronic Industries SSI units in this sector are entitled for subsidy as per the rate ceiling prescribed below: 25% of the eligible fixed capital investment or Rs. 15 lakhs whichever is less (in Category I) 20% of the eligible fixed capital investment or Rs. 10 lakhs whichever is less (in Category II)

ORDERS
IM & ED Resolution No:SIU-1091/3224 CH Dt. 20-6-1991
Govt. Resolution No: SIU-1098-668 CH Dt. 13-8-1998
Govt. Resolution No: SIU-1098-668-CH Dt. 17-4-2000
The Incentive Policy 1995-2000