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Department of Industry

Government of Jharkhand

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Home » INFORMATION TECHNOLOGY / BIOTECHNOLOGY
WHY INVESTMENT IN JHARKHAND
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INCENTIVES TO ENCOURAGE INVESTMENT IN JHARKHAD
  • Numerous incentives for promoting industrialization are being provided as laid out in the Industrial Policy.
  • Special packages for new projects with investment more than Rs.50 crores.
  • Encouragement to Foreign investments and technological collaborations by OCBs and NRIs in selected sectors
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INDUSTRIAL POLICY 2001
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INFORMATION TECHNOLOGY / BIOTECHNOLOGY

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JHARKHAND INDUSTRIAL POLICY 2012

26.INFORMATION TECHNOLOGY / BIOTECHNOLOGY

26.1    State Government will encourage mega investors in IT / ITES for setting up IT industries, IT parks, IT SEZ in private sector or under PPP mode.

26.2    The objective of IT policy is to (a) provide congenial and industry – friendly atmosphere for the establishment and growth of IT companies for providing IT – Services (hardware / software based) and IT – enabled services (call centering, medical transcription, BPO etc) (b) Generate employment opportunities for the educated youth of the State. (c) Exploit export potential of this sector for augmenting GSDP of the State. (d) Bringing IT to masses and accelerating its uses for socio-economic development.

            (ii)       It has potential to generate large scale employment by using less land mass. The employment generation on per 100 lakh investment is among the highest in industry besides it causes almost zero environmental pollution.

26.3    (a)  IT industries will be accorded priority in allotment of land by IADA.

            (b) In case of land allotment by IADA, mega IT units will be allowed deferred payment of land value i.e. payment of land value by such units will be allowed in five equal installments spread over five years.

26.3.6 Motor Vehicles Act will be amended to enable the IT Companies to make use of hired privately owned omnibuses etc to transport their employees between their residence and work place.

26.3.7 Alternate Source of Power Generation

IT-ITES units with 5 KVA power requirements can be set up anywhere in the State.

26.3.8 FAR Relaxation

50% more FAR over and above to permissible FAR of the place will be allowed by the concerned Authority / Urban Local Bodies for IT-ITES units in earmarked areas IT Parks / STPs in consonance with other provisions of the prevailing Building Bye-laws. Necessary amendment, if required, will be done by concerned Authority / Urban Local Bodies with requisite permission of the Department of Urban Development.

26.4    Biotechnology

There is an urgent need for Jharkhand to promote biotechnology which offers an excellent opportunity in augmenting value creation and employment generation not only in areas of states traditional activities but will also provide avenue for its application in medicine, agriculture and industry. The State’s advantage is its large forest coverage with medicinal plants, vast reservoir of scientific human resources and centres of academic excellence, dependence of its large population on agriculture etc.

Objectives of the policy include.

                                i.            To encourage and facilitate the introduction of biotechnology at the grass root level to strengthen the economy of the State.

                             ii.            To promote industrial biotechnology for the production of useful chemical compounds.

                           iii.            To promote cultivation of Spirulina as a high value low cost nutrient for rural and tribal areas.

                           iv.            General end use of different types of bio-energy.

                             v.            To expand forest cover of the State through social and agro forestry.

                           vi.            To promote agro industries.

                        vii.            Production of high-yielding, draught and pest-resistant seeds for agriculture and horticulture crops suited to different agro-climatic zones.

                      viii.            Enhancement of the productive potential of the aquatic eco-system.

26.4.1(a) The fiscal incentive and concessions offered under the Jharkhand Industrial Policy-2012 shall be extended to biotechnology industry also.

         (b) Biotechnology units will also get priority in allotment of land by IADA.

(c) Biotechnology industry not covered under Mega Industry as defined under classification of Industries [Annexure 1 {11 (iii))] will be given the incentives covered under 32.2, 32.3, 32.4 and 32.6.

(d) Government will encourage the setting up of venture capital funds for biotech industries

26.5    Following Special Incentives will be allowed for the IT Industry.

            (i) Exemption from No Objection Certificate (NOC clearance) of JSPCB.

            (ii) Exemption from zoning regulations for purposes of location.

            (iii) Self-certification for purposes of compliance of the following Acts:

(a)  Factories Act

(b)  Employment Exchange (Notification of vacancies) Act.

(c)  Payment of Wages Act.

(d) Minimum Wages Act

(e)  Contract Labour (Regulation and Abolition) Act

(f)   Workmen Compensation Act.

(g)  Shops and Establishments Act.

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Last Updated : 23-05-2022