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India By State - Jharkhand - Taxation & Legalities




Taxation & Legalities

Policies & Incentives

Industrial Policy, 2001

The industrial policy was launched as a nationwide initiative to develop infrastructure around the country by reducing regulations and speeding up clearances for large projects.

The policy aims to develop industrial parks -for specialised activities in sectors such as IT, tussarand mulberry silk, electronics, plastic, chemicals, biotechnology, herbs, exports and food-processing -with adequate power, water, communication, transport, and other common facilities. Also to shift the emphasis on to small power generation units and develop non-conventional sources of energy through private participation.

The incentives on offer through the policy are:

  • Land/sheds in growth centres, industrial areas, etc., would be allotted to entrepreneurs, for setting up their industrial units,on 30 year annual lease with renewal facility.
  • Assistance to the entrepreneurs in acquiring land for locating industrial units outside industrial areas and growth centres.
  • Capital investment incentives of 15 to 25 per cent to be given to small-and medium-scale industries respectively, subject to a limit of US$ 50,000.
  • Captive power generation incentive to be provided in the range of 15 to 25 per cent, subject to a limit of US$ 8,000.
  • Interest subsidy to be given in the range 25 to 60 per cent, subject to a limit of US$ 220,000 or 2 per cent of sales in Jharkhand.
  • Exemption from payment of 50 per cent of stamp duty and registration fee for eligible industrial units, irrespective of theirlocation.
  • Partial reimbursement of cost of project report for feasibility study-project, cost incurred on installation of pollution control equipment and cost of obtaining quality certification.
  • Special packages for new projects with an investment of more than US$ 10.9 million, on case-to-case basis, through direct negotiation with prospective investors.

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IT Policy

In line with the rapid development occurring across the rest of India the government of Jharkhand initiated the IT policy to improve communications and IT infrastructure across the state also to develop educational and human resources for effective governance.

The Goals and initiatives on offer:

  • JharNet, a state-wide high-speed, reliable and scalable communication link, to be set up by the State Government.
  • Internet connectivity across the state.
  • Seamless connectivity among various government organisations.
  • Setting up of IT parks.
  • Spreading education to achieve 10 per cent computer literacy in 10 years and 30 per cent in 20 years.

Key incentives:

  • Preferential allotment of land for IT Industry by development authorities.
  • Continuous and uninterrupted power supply for IT industries by providing a dedicated feeder for IT parks.
  • Allowing self-certification to IT companies under the Payment of Wages Act, Minimum Wages Act, Contract Labour Act, Workmen's Compensation Act, Employees State Insurance Act, Shops and Commercial Establishments Act, Payment of Gratuity Act, Employees Provident Fund and Miscellaneous Provisions Act, Maternity Benefits Act and Water and Air Pollution Act.
  • The single-window system set up for private investment proposals shall be applicable on IT proposals.
  • The rate of sales tax on computer software and hardware shall not exceed the uniform floor rate announced by the State Government.
  • IT products produced in the state will be provided quantity and price preference.
  • Units in IT parks and software technology parks (STP) will be charged the same power tariff as an SSI unit.
  • Special package of incentives for IT industries, involving an investment of US$10.9 million or more.
  • Complete exemption from the provisions of Pollution Control Act, both for air and water pollution.

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Purchase Policy, 2007

The purchase policy was introduced to ensure that all purchases meant for store requirements by state government departments and institutions are made from within the state.

The policies key initiatives are:

  • To ensure that all administrative departments and agencies under the control of the State Government -heads of departments and offices subordinate to them, boards, corporations, development authorities and municipalities, notified area committees, cooperative bodies and institutions aided by the State Government and companies in which the Government's share is 50 per cent or more -procure their requirement of store items from within the state.
  • To make purchases from the exclusive vendor list identified by the State Government.
  • For specific items not included in the exclusive list and manufactured by a local enterprise, separate rate contracts to be executed.
  • Purchases to be made on open tender. All purchases to be made exclusively from dealers/suppliers registered under the Jharkhand Value Added Tax (VAT) Act, 2005

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Doing Business in Jharkhand

Obtaining approvals

An indicative list of approvals with timeframe for setting up business in Jharkhand

approvals and clearances required

cost parameter and estimate

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More Information on Jharkhand

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