Tamil Nadu Aerospace & Defence Industrial Policy 2019
Aerospace & Defence
Tamil Nadu Aerospace &
Defence Industrial Policy 2019
10 min read
This Policy is applicable for Aerospace & Defence Industrial units that are engaged in designing, engineering, manufacturing, servicing, supplying such material/components/ sub-assemblies, etc. fully or partially to the OEMs/Tier I/Tier II/Tier II companies of Aerospace/Defence Industrial majors including HAL, ISRO, all Defence PSUs of GOI, all defence & security forces viz., Army, Navy, Air Force, Coast Guard, CRPF, State Police Department, etc.; and construction of MRO Aircraft Hangers.
Contents
Policy Targets
Incentives
Policy Targets
The Tamil Nadu Aerospace & Defence Industrial Policy 2019 aims to attract an estimated investment of about 5 Billion USD in 5 years period and 10 Billion USD in 10 years period in Aerospace and Defence sector.
5 Billion USD
Estimated Investment
in 5 years Period
10 Billion USD
Estimated Investment
in 10 years Period
Incentives
Anchor Unit Subsidy
Subsidy for Skill Development
Subsidy for Certification Process
Subsidy for Allotment of Land
Capital Subsidy for Units
Capital Subsidy for Industrial Parks
MRO Facilities
10% of EFA subject to ceiling of INR 10 Crore to each of first 10 investors
INR 50 crores
Minimum investment
50 persons
Minimum employment
3 years
Min. Investment period
Up to Rs.10,000 per month per trainee for up to 50 trainees for a unit
50% the cost of certification subject to a ceiling of Rs.25 lakhs to a company
20% concession on actual land cost for lands allotted within 3 years from date of announcement of this policy.
Investment upto Rs. 10 crore: Back ended capital subsidy at the rate of 10% of EFA in 10 equal instalments in 5 years
Investment range of Rs.10 cr to Rs. 300 crore: Back ended capital subsidy at the rate of 5% of EFA in 5 equal instalments in 5 years (subject to ceiling of Rs. 10 crores).
50% Additional capital subsidy applicable for southern districts
Capital subsidy of 10% of EFA subject to ceiling of Rs. 10 crore for development of Industrial parks (minimum of 50 acres)
50% Additional capital subsidy for development of Industrial parks in southern districts
50% net SGST paid by MRO operators in the state will be refunded.
Incentives
Anchor Unit Subsidy
10% of EFA subject to ceiling of INR 10 Crore to each of first 10 investors
INR 50 crores
Minimum investment
50 persons
Minimum employment
3 years
Min. Investment period
Subsidy for Skill Development
Up to Rs.10,000 per month per trainee for up to 50 trainees for a unit
Subsidy for Certification Process
50% of the cost of certification subject to a ceiling of Rs.25 lakhs to a company
Subsidy for Allotment of Land
20% concession on actual land cost for lands allotted within 3 years from date of announcement of this policy.
Capital Subsidy for Units
Investment upto Rs. 10 crore: Back ended capital subsidy at the rate of 10% of EFA in 10 equal instalments in 5 years
Investment range of Rs.10 cr to Rs. 300 crore: Back ended capital subsidy at the rate of 5% of EFA in 5 equal instalments in 5 years (subject to ceiling of Rs. 10 crores).
50% Additional capital subsidy applicable for southern districts
Capital Subsidy for Industrial Parks
Capital subsidy of 10% of EFA subject to ceiling of Rs. 10 crore for development of Industrial parks (minimum of 50 acres)
50% Additional capital subsidy for development of Industrial parks in southern districts
MRO Facilities
50% net SGST paid by MRO operators in the state will be refunded.
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