MEGHALAYA. Export Promotion Industrial Park (E.P.I.P) ( Implementation

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1 MEGHALAYA Export Promotion Industrial Park (E.P.I.P) ( Location District State Total Area Year Implementation of Byrnihat. Ri Bhoi. Meghalaya. 259 Acres The Scheme of Export Promotion Industrial Part (EPIP), at Byrnihat, was a Centrally Sponsored Scheme (CSS) which envisages development of an area by providing all infrastructures required by Industrial Units having export potential. Under the above Scheme, Industrial Units committing to export a minimum of 33 % (later exempted to 25% for the Industrially backward states, like Meghalaya) of their finished products were only to be permitted to be set up in the E.P.I.P. As on date, the infrastructure provided in the EPIP are:- 1. Roads; 2. Water Supply; 3. Power; 4. Drainage; 5. Guest House; 6. Residential Quarters; 7. Office Buildings; 8. Common Facility Buildings for a. Banks, b. Post office, etc. The land is leased out for a period of 30 years, renewal at the following rates; Rs per Sq.Mtrs/annum (in developed area) and Rs.5.00 per sq.mtrs/annum (in undeveloped area) The status of the Industrial units, at EPIP, Byrnihat are as follows:- 1

2 Summary Report Sl. No. Status Of Industrial Units Number Of Total Occupied Industrial Units Acres) 1. Units already Established Under Implementation N.A. 3. Yet to be Implemented N.A. Total : I. Units Already Established : 25 Nos. Sl. No. Name of the Unit Nature of Industrial Installed Activities Capacity (p.a) 1. Greystone Ispat Ltd Torsteel MT Maithan Smelters Ltd Ferro Alloys MT Byrnihat Ispat (P) Ltd Integrated Steel Plant, MT Ferro Alloys 4. Gita Ferro Alloys (P) Ltd Ferro Alloys MT Shyam Century Ferro Ferro Alloys MT Alloys Ltd Meghalaya Carbide & Calcium Carbide, 7000 MT Chemicals (P) Ltd Ferro Alloys Adhunik Steels (P) Ltd Area Investment On Plant (In& Machineries (Rs In Lakhs Meghalaya Ferro Alloys MT Matiz Metals (P) Ltd Copper rods MT Commercial Iron & Steel M.S. Ingots MT (P) Ltd 10. Bharm India (P) Ltd C.I. Mould, M.S MT Ingots, Sponge Iron 11. J. G. Spices (P) Ltd Oil Oleoresins 45 MT Megha Polycon (P) Ltd Water Tanks 1000 MT Meghalaya Steels Ltd 14. Byrnihat Oxygen (P) Ltd 15. M/s Trishul Industries M.S. Ingots, Re- Rolling and Ferro MT Alloys Industrial Oxygen 720 MT Gas TMT Bars & Coil, MT M.S. Ingots 16. M/s Eastern Stones Granite Slabs 5463 MT M/s Megha Minerals Granite Tiles Sq ft Investment on Plant & M/c (Rs in Lakhs) 2

3 18. Dee s Chemicals (P) Ltd Wax Products 2500 MT Anirudha Steel (P) Ltd Kakarania Innovatives Systems (P) Ltd M.S. Ingots, Ferrous & Non Ferrous MT Casting Packaging Polythene 1500 MT Items Nalari Ferro Alloys (P) Ferro Alloys 5600 MT Ltd Meghalaya Sova Ispat Ferro Alloys 7458 MT Alloys Ltd Trikuta Ferro Alloys (P) Ltd 24. Meghalaya Alloys Ltd Ferro Alloys, M.S. Ingots, Re-Rolling MT Mill Integrated Steel Plant, 3000 MT Ferro Alloys 25. Nezones Industries Ltd G.I. Pipes MT Total : II. Units Under Implementation : 12 Nos. Sl. No. Name of the Unit Nature of Industrial Activities 1. Nezones Steel (Meghalaya) Ltd Silico Manganese 2. Greystone Sponge Ltd Sponge Iron 3. Greystone Smelters Ltd Steel melt unit 4. Greystone Strips Ltd M.S. Strips 5. North Eastern Healthcare & Hospitality (P) Disposable Plastic Syringe, Ltd Alluminium Furniture Items 6. M/s NERAMAC Ginger Oil 7. Meghalaya Fussion Ltd M.S. Ingots 8. Hanny Fibre (P) Ltd Poly Yarn 9. Ambica Oils Meghalaya (P) Ltd Industrial oils, grease and lubricants 10. Meghalaya Mineral Product Ferro Alloys 11. Khasi Alloy Ltd Ferro Alloys 12. B. S. Smelters Ltd Ferrous and Non Ferrous alloys III. Units Yet To Be Implemented : 3 Nos. Sl. No. Name of the Unit Nature of Industrial Activities 1. Surya Alloys Industries (P) Ltd Railway tracks and wagon components 2. NTL Steels (P) Ltd Steel flats and Steel angles 3. Flagon Bottlers (P) Ltd IFML Bottling unit 3

4 Meghalaya Non Conventional Energy and rural energy development agency.( (ttp://mnreda.gov.in/schemei.htm) Implementation of the Scheme on Accelerated development and deployment of solar water heating systems in domestic, industrial and commercial sectors. 1.0 Objective The main objectives of the scheme is to promote the widespread use of solar water heaters through a combination of financial and promotions incentives, and other support measures, with a goal of adding another one million sq.m. Solar collector area through solar water heating systems in the next two years. 2.0 Physical targets A target of installation of sq.m. of collector area under the scheme has been kept for , as per the following indicative breakup: Domestic Sector : 200,000 sq.m Institutional Sector : 50,000 sq.m. Industrial / Commercial Sector : 50,000 sq.m. The targets will be achieved by providing interest subsidy to the users of solar water heaters, incentive to motivators, support for organizing seminars/symposia / workshop / business meets / exhibitions, training programmes, publicity and awareness campaign, technology up gradation and studies /. Surveys, etc. Support will be also be provided to Municipalities / Municipal Corporations that adopt and notify the modifications to their building bye-laws for making the installation of solar assisted water heating systems mandatory in certain categories of buildings. 1.0 Implementation Arrangement The scheme will be implemented through IREDA( Indian Renewable Energy Development Agency) and other Financial Institutions (FLs), Public Sector Banks and Cooperative Banks. The released of Ministry of New and Renewable Energy (MNRE ) funds to Fls / banks will be managed by IREDA. Other promotional activities will be implemented by IREDA / State Nodal Agencies / Municipal Corporations / Technical Institutions / reputed NGOs, etc. The detailed guidelines for implementation of the scheme and financial provisions for various activities are given in the Annexure. 1. Interest Subsidy Scheme 4

5 1.1 Incentive to users 2%to domestic users, 3% to Institutional users not available accelerated depreciation and 5% to industrial / commercial users availing depreciation will be available from Indian Renewable Energy Development Agency (IREDA), public/private sector banks, scheduled cooperative banks, RBI approved non-banking financing companies, intermediaries of IREDA (manufactures / suppliers) and other public / private financing institutions (Fls). The borrowers will be eligible for loan up to 85% of the cost of the systems, repayable over a period of five years. Water heating systems comprising of flat plate collectors (FPC) or Evacuated Tube Collectors (ETCs) would be eligible systems configurations for the loans. The manufacturers / suppliers of systems with FPCs should have approval from BIS and those of ETC from MNRE test centers. 1.2 Implementation The scheme will be implemented through IREDA and other financial institutions / banks with release of funds to be managed by IREDA on behalf of MNRE IREDA in consultation with MNRE will develop a suitable mechanism for implementing the scheme with banks and other Fls. As regards banks already implementing the scheme, the existing MOUs signed with MNRE will continue over the designated period with required modifications as per this scheme. The funds released in advance to IREDA by MNRE based on a concrete plan received from them will be placed in a separate account in form of fixed deposits and the interest accrued at applicable rate will be credited in this account. A running account will also be maintained by IREDA to which the interest subsidy will be debited on the loan availed by the beneficiaries. The interest subsidy (difference between the lending rate of bank / Fl and MNRE prescribed interest rate) calculated on up front basis for the entire loan period at a rate by MNRE & IREDA, will be released by IREDA to the Fls/ intermediaries / direct users on reimbursement basis after installation of the systems and submission of the necessary documents. To the public sector banks, advance release of subsidy may be considered subject to submission of a concrete plan of achieving the indicated target fixed by them. In such cases, these banks will also follow the procedure prescribed for IREDA for the purpose of maintaining the accounts. The Fls / intermediaries of IREDA will maintain a complete list of beneficiaries with relevant details as regards installation of the systems, which will also be provided to IREDA. They will take necessary undertakings from beneficiaries and ensure that no MNRE support, in any form, had earlier been availed / will be availed in future on the installed systems from any financial institution/ bank. The accounts will be settled by IREDA with MNRE based on the requisite documents. IREDA and the banks / Fls will be provided service charges for implementing the scheme. 5

6 IREDA will also act as financial installation for providing loans to direct users and its intermediaries who may further on-lend to the users. Intermediaries will be eligible to get loans at 2% lower interest rate than the prescribed rates for various categories of users Technology Up gradation and Exposure Visits Aboard In order to promote technology up gradation in industry, soft loans will be made available to manufacturers at a reduced interest rate of 5% through IREDA. The interest subsidy up to a maximum of 6% calculated on up front basis will be borne by MNRE. The loans will be provided only for projects involving advanced and new technologies, which would lead to lower costs of production, improved performance and reliability of the products, etc. In addition, visits aboard by industry delegations, including participation in efficient manufacturing techniques, will be supported through partial financial assistance on case-by-case basis. 2.4 Studies, Surveys, etc. To promote the spread of proven technologies and induction of new technologies, financial assistance will be provided for technology assessment, potential assessment, performance surveys, cost benefit analysis, environmental impact assessment, consultancy development, market and export development, date base development and management, monitoring and evaluation, etc. The support will be limited to Rs. 5 lakhs per project to be provided on case-by-case basis. The proposals could be submitted by SNAs / Technical Institutions / reputed NGOs / Manufacturers Associations, etc. 3. Release of Funds of IREDA 3.1 Release of funds to IREDA Based on the requests received, advance released will be made to IREDA towards interest subsidy, service charges, incentives to motivators, support to SNA, etc. in a phased manner after apportioning the overall targets suitably. The accounts will be settles with IREDA based on the progress report, audited statement of expenditure, and utilization certificate received in the prescribed formals. 1.1 Release of funds for other activities 80% of the funds sanctioned will be released in advance to the implementing agencies for executing the activities. The balance funds will be released along with settlement of accounts based on audited statement of expenditure and utilisation certificate in the prescribed formats along with a details report. 6

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