Abode of gods and land of sages – that s what Uttrakhand is most famously revered as. The state is globally renowned for its adventure, valley of flowers, and crisp Himalayan air.
Online PR News – 24-November-2009 – – Abode of gods and land of sages – that s what Uttrakhand is most famously revered as. The state is globally renowned for its adventure, valley of flowers, and crisp Himalayan air. Add to it the lure of religious tourism – the state is home to the Chardhams. The state government is taking all possible steps to promote the state as a religious & adventure tourism destination, with an eye on the industrial growth. The industrial belts and SEZs are being developed in and around Dehradun, Rudrapur, Haridwar, etc to encourage rapid and irreversible overall development of the state.
Rudrapur: A Star Industrial Hub
Rudrapur is a small and a beautiful city in the Udham Singh Nagar District in Uttrakhand and is known as “The Gateway to Kumaon Hills”. Rudrapur’s ascendance as a star industrial hub and a modern urban center has been prompted by economic, demographic and geographic factors, and the centre s tax holiday for industries is giving a boast to this development. These factors have combined in making Rudrapur one of the hottest real estate markets today.
Economic Incentives: -The rush in real estate developments is primarily the result of tax and economic incentives announced by the central and state governments to prompt industrial growth. The latest scramble has been triggered by the declaration of Rudrapur as a non-tariff area for central excise, custom and sales tax duties for a period of 10 years. This span may also be extended by the central government. This has prompted industry players to set up big plants here. And, numerous corporate houses have already gained a foothold here. Companies that begin production before a cut off date and are in the notified industrial areas were offered 100% excise exemption for 10 years, 100 % income tax exemption for the first 5 years and 30% for the following 5 years. They have been offered concessional central sales tax of 1% for 5 years and a capital investment subsidy of 15% with a cap of Rs. 30 lakh. The total expected employment generation would be around 44000 in SIDCUL alone.
This Uttrakhand town in the plains is emerging as one of the fastest growing industrial spots in the country with big Indian and Multinational companies of the likes of Nestle, Tata, Britannia, Dabur, Honda, Bajaj, Parle, Jindal, Mahindra & Mahindra and Voltas, to name a few, investing over Rs. 30000 crore. With around 400 companies expected to start operations in the next one-year alone, Rudrapur is poised to be the new industrial hub of India
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