Punjab finalises policy for sugar complex, textile parks

The Empowered Committee of Punjab cleared two different policies for developing integrated sugar complexes and textile parks in the state.

The chief minister's office said as per the approved policy, an Integrated Sugar Complex with minimum fixed capital investment of Rs 200 crore having minimum capacity of 3000 TCD, power generation unit of minimum 15 MW, a distillery of 30 KL whereas second distillery, brewery or grain-based ethanol unit would get the incentives admissible to the mega projects. This means a stamp duty exemption on purchase of land and exemption from electricity duty up to 5 per cent for five years along with the special incentives for the complexes to be set up in border districts like 100 per cent exemption from electricity duty on export of power from the power generation unit for a period of 10 year from the date of production. PML quota of 150 per cent (instead of normal quota of 100%) would be given to the distillery and allocation of villages within the radius of 7.5 km as catchment areas.

A similar package to these complexes outside the border area with modification that the concessions of electricity duty on export of power would be limited to 50% of the applicable duty whereas, other terms and conditions would remain the same. Policy further stipulated that sugar complexes having a sugar mill with minimum capacity of 5000 TCD and Fixed Capital investment of not less then Rs 400 crore to be set up in border areas would get incentives admissible to the mega projects.

Similarly the committee also approved the policy for development of the textile parks having textile processing units from cotton to garment, set up with minimum fixed capital investment of Rs 250 crore in districts of Bathinda, Mansa, Faridkot, Ferozepur, Muktsar, Sangrur and Barnala.

According to the policy, concessions would be provided to the mills after the successful completion of all the phases of setting up of the mill.

The committee also gave its nod for granting concessions to the developers of such parks which included 50 per cent exemption from market fee, RDF and ID cess for 5 years or up to 50 per cent of fixed capital investment, allowing 10 per cent of total land acquired by the promoter for commercial use without payment of any CLU, EDC and license fee charges, 100 per cent power at doorstep.