Japan Industrial Townships are envisaged as Integrated Industrial park with ready-made operational platform, well equipped with world class infrastructure facilities, plug-in-play factories and investment incentives for Japanese companies.
In Action Agenda for the India-Japan Investment and Trade Promotion and Asia-Pacific Economic Integration.
signed between Ms Nirmala Sitharaman, Hon’ble Minister of State for Ministry of Commerce & Industry, India and Mr Yoichi Miyazawa, Hon’ble Minister for Ministry of Economy, Trade and Industry, Japan on 30th April 2015 both the Ministers agreed to take steps to develop 11 potential sites as Japan Industrial Townships in India. Later, Pithampur Industrial Park, Madhya Pradesh was added to the list.
12 Candidate Sites for Japanese Industrial Townships
The State Governments have identified sites to develop JITs and offered to provide world class internal and external infrastructure.
Special Incentives to Japanese Industrial Townships (JIT) proposed by some States:
|Indicator||Rajasthan||Maharashtra||Gujarat||Madhya Pradesh||Haryana||Uttar Pradesh|
|Exemption of CST||Yes (0.25% instead of 2%)||Yes (100% of CST Abatement)||No||Yes (100% reimbursement of VAT and CST for 10 years)||No||No|
|Exemption of Electricity Duty||Yes (50 % for 7 years)||Yes (100%)||Yes (For 5 years)||Yes (For 10 years)||Yes (Special Package of Incentives is available for mega projects)||Yes (For 10 years)|
|Exemption of Stamp Duty||Yes (50 %)||Yes (100% within investment period for acquiring land)||N.A.||Yes||Yes||Yes|
|Exemption of Entry Tax||Yes (Investment more than 750 crores)||N.A.||Yes||Yes (For 7 years)||Yes||Yes (Only on Iron and Steel to be used as raw material)|
|Exemption of Land Acquisition Tax||Yes (50% for seven years)||N.A.||N.A.||Yes (upto 50%)||Yes||Yes|
|Single Window Clearance||Yes||Yes||N.A.||Yes||Yes||Yes|