| Welcome
to SIPCOT It's new and improved website We
have revamped and provided more information for investor.
If you feel we need to add some additional information please
let us know. State Industries Promotion Corporation of Tamil
Nadu (SIPCOT) Limited, a fully government owned premier
institution, established in the year 1972, has been a catalyst
in development of small, medium and large scale industries
in Tamil Nadu. |
| PIO card for NRIs |
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Understanding
the sentiments of persons of Indian Origin to
be closer to their original country and to reinforce
their emotional bonds, as well as respecting
their desire to participate in the development
of the country of their origin, the Government
made an earnest resolve to frame a special scheme.
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This
resolve was translated in the first Budget Speech
of Finance Minister:- |
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Government have decided to draw up a scheme
for issuance of a Persons of Indian Origin (PIO)
Card for those living abroad and having foreign
passports. The PIO Card,which would be extended
to Persons of Indian Origin settled in countries
to be specified by Government would besides
introducing a visa free regime,also confer some
special economic,educational,financial and cultural
benefits. The details arebeing worked out. |
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The Government
has today launched a comprehensive Scheme for
the Persons of Indian Origin-called the 'PIO
Card Scheme'. Under this Scheme, Persons of
Indian Origin upto the fourth generation (great
grand parents) settled throughout the world,
except for a few specified countries,would be
eligible. The Card would be issued to eligible
applicants through the concerned Indian Embassies/High
Commissions/Consulates and for those staying
in India on a long term visa, the concerned
Foreigners Regional Registration Officer (Delhi,Mumbai,Calcutta,Chennai)
would do the same. |
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The fee for the card,which will
have a validity of 20 years, would be US $1000. |
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Besides making their journey
back to their roots simpler,easier and smoother,this
Scheme entitles the PIOs to a wide range of economic
,financial ,educational and cultural benefits.
The benefits envisaged under the Scheme include:- |
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No
requirement of visa to visit India; |
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No
requirement to register with the Foreigners Registration
Officer if continuous stay does not exceed 180
days. If continuous stay exceeds 180 days,then
registration is required to be done within a period
of 30 days of the expiry of 180 days; |
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Parity
with Non-Resident Indians in respect of facilities
available to the latter in economic, financial,
educational fields etc. These facilities will
include: |
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a)Acquisition,
holding, transfer and disposal of immovable properties
in India except of agricultural/plantation
properties; |
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b)Admission
of children in educational institutions in India
under the general category quota for NRIs-
including medical/engineering colleges, IITs,
IIMs etc. |
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c)Various
housing schemes of Life Insurance Corporation
of India, State Governments and other Government
agencies; |
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All
future benefits that would be extended to NRIs
would also be available to the PIO Card holders; |
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However,
they shall not enjoy political rights in India |
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The above steps would go a long
way in renewing and strengthening the emotional
bond amongst PIOs with the land of their origin.
The attractive features of the Scheme will further
exhort them to play an increasingly constructive
role in the socio-economic and cultural development
of the country of their origin. |
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| Industrial Complexes
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| To ensure a good
impact with the available limited resources, SIPCOT
has created Industrial Complexes and Parks, strategically
located in seventeen places, which occupy a place
of pride in the State's industrial map. |
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