The Haryana government has sent a detailed proposal to the Centre seeking notification of the Faridabad-Ballabgarh-Palwal area as a brownfield electronics manufacturing cluster in the state.
Once the proposal is accepted and the area is notified, it would mean a lot for development of the software industry and boosting employment in the state, an official spokesman said today.
The scheme provides for subsidy of 20 per cent for investment in capital expenditure in Special Economic Zones (SEZs) and 25 per cent in non-SEZs.
Haryana Chief Minister Manohar Lal had approved this proposal and directed that the department should identify more clusters in the state that can be eligible to be notified under the scheme, the spokesman said.
It also provides for reimbursement of excise on capital equipment for the non-SEZ units.
For high technology and high capital investment units like fabs, reimbursement of central taxes and duties is also provided.
The incentives are available for investments made in a project within a period of 10 years from the date of approval.
These are available for 29 different categories of products, including telecom, IT hardware, consumer electronics, medical electronics, automotive electronics, solar photovoltaic, LEDs, strategic electronics, avionics, industrial electronics, nano-electronics, semiconductor chips and chip components, other electronics components.
