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Labour Laws Manipur Ministry of Labour and Employment Manipur Shops and Establishments (Regulation of Employment and Conditions of Ser

Issuance of Industrial and Investment Promotion Policy of Manipur, 2022

21-Mar-2023 | No. 522

The Manipur Government has issued Industrial and Investment Promotion Policy of Manipur, 2022. The policy is formulated with the objective of inviting investment in Manipur by private sector. The government will help in providing infrastructural support and incentives to industrial units identified under the policy.
Some highlights of the policy are mentioned below-
i. The policy shall be applicable to all micro, small and medium enterprises identified under thrust areas in the policy, which shall commence their commercial production in the state after March 21st, 2023 till March 31st, 2027.
ii. The State Government will encourage creation of supportive infrastructure like cold storage, packaging houses, ware houses, pre-cooling facilities etc. The State Government will also provide for trading with neighboring countries especially Myanmar and South-East Asian countries.
iii. The provisions of this policy will be applicable for a period of five years reckoned from the date of commercial production of the enterprise.
iv. The enterprise falling under the purview of this policy shall employ not less than 80% of its employee strength from local domiciled people of the state.
v. The State will provide Capital Investment Subsidy at the rate 30% of their investment in plant and machinery subject to the aggregate ceiling of Rs. 50 lakh.
vi. The State will provide an interest subsidy of 3% on the working capital loan to all new industrial units for a period of ten years after the commencement of commercial production.
vii. The incentive will be disbursed to applicable enterprises in single instalment.

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