Incentives for Industries

The State Government offers a package of incentives for setting up of industrial units, which is comparable to other states. Besides, the special incentive package i.e North East Industrial and Investment Promotion Policy (NEIIP) declared by the Government of India for the North East Region is available to industrial units. Brief particulars of the incentives are as follows:

State Package of Incentives under Tripura Industrial Investment Promotion Incentive Scheme, 2012:-

  1. Capital Investment Subsidy @ 30% and additional subsidy @ 2.5% for enterprises of ST, SC, & women individuals on Fixed Capital Investment, for land and civil works subject to a ceiling of Rs. 50 lakh per unit.

  2. Procurement Preference @ 15% on purchases on tendering process by the state Government Department / Agencies subject to at least 30% value addition within the state.

  3. Full Reimbursement of Standard Certification Fees /Charges / other expenses on account of obtaining a standard Certification.

  4. Partial reimbursement @ 20% of floor space rentals actually paid by IT enterprise, subject to a maximum of Rs/- 12 Lakhs Per Annum.

  5. Provides State Transport Subsidy for covering the portion for which Central Transport Subsidy is not available.

  6. 85% Exemption from the payment of Earnest Money and Security Deposits on tenders floated by State Govt. Department / Agencies.

 

Incentives declared by Central Government:

Incentives to all industrial units located anywhere in the N-E Region.

  • Exemption of Excise Duty on finished products.
  • Central Transport Subsidy.
  • Income Tax Benefit.
  • Capital Investment Subsidy.
  • Interest Subsidy on working capital loans.
  • Comprehensive Insurance Scheme for insurance coverage. Subsidies to service sector, bio-technology and power generating industries.