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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.

policies :



Floriculture Policy


I. To encourage the farmers and entrepreneurs engaged in cultivation of flowers and allied activities and to attract new floriculture units in to Tamil Nadu, the Government has recently announced a policy on 'Commercial Floriculture in Tamil Nadu'.

II. Following concessions have been extended to the Floriculture Units in Tamil Nadu:

A) Floriculture Units shall be levied L.T. Tariff III-A under the Tamil Nadu Revision of Tariff Rates on Supply of Electrical Energy Act, 1978. The concession shall however be restricted to 10 HP. The requests for power connection from entrepreneurs of new floriculture units, will be considered immediately.

B) Capital subsidy shall be granted to floriculture units upto 20% of the fixed assets subject to a ceiling of Rs. 2.0 million. The following items shall also be included in the fixed assets in addition to the fixed assets already defined:

a)Green house structure,

b)Irrigation and Fertigation equipment,

c)Cold room, grading room and mobile refrigerated truck equipments.

d)Sales Tax Concession at the rate of 3% shall be granted on purchase or raw materials, other inputs and components imported for setting up of floriculture units.

e)Exemption will be granted from payment of the charges of Rs.10,000/- (Rupees ten thousand only) per annum levied by the Tamil Nadu Pollution Control Board for clearance of setting up of the unit.

 

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