Schemes for Promotion and Modernization Of Industrial Units



Schemes for Promotion and Modernization Of Industrial Units



Industrial Infrastructure Upgradation Scheme (IIUS) was launched in 2003 with the objective of enhancing international competitiveness of domestic industry by providing quality infrastructure through public private partnership (PPP) in selected functional clusters/locations. On the basis of evaluation of the Scheme in December, 2011, a modified version of IIUS viz, ‘Modified Industrial Infrastructure Upgradation Scheme (MIIUS)’ was notified in July, 2013. Under MIIUS, projects can be undertaken to upgrade infrastructure in existing Industrial Parks/Estates/Area. Greenfield projects in backward areas and North Eastern Region (NER) can also be sanctioned under the scheme. Projects are to be implemented by the State Implementing Agency (SIA) of the State Government.  Central grant upto 50% of the project cost with a ceiling of Rs. 50.00 crore can be considered under MIIUS with minimum State Implementing Agency’s contribution of 25% and in case of North Eastern States, the central grant and the minimum contribution of the SIAs can be 80% and 10% respectively.

The Department of Industrial Policy & Promotion has sanctioned one project in the last three years under IIUS and 21 projects have been accorded ‘In-principle’ approval in the current year under MIIUS.  Further, this Department does not sanction financial assistance to industrial units component-wise i.e. water supply system, drainage and road connectivity etc.  under this Scheme. The State-wise details of the projects, financial assistance sanctioned and the expenditure are given at Annexure-I.
List of Projects sanctioned under IIUS

(Rs. In crore)


 
Schemes for Promotion and Modernization Of Industrial Units Schemes for Promotion and Modernization Of Industrial Units Reviewed by Ajit Kumar on 12:50 PM Rating: 5

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