SIPCOT Office Order No. 1-2022, Plot Allotment Rates for Phase-I Industrial Plots
The State Industries Promotion Corporation of Tamil Nadu Limited issued SIPCOT Office Order No. 1-2022, dated 4 January 2022, fixing per-acre allotment rates for 255 acres of developed industrial plots in Phase-I of the SIPCOT International Furniture Park, Thoothukudi. It provides separate subsidised rates for 99-year and 30-year leases, with special rates for the first five anchor industries taking at least 20 acres.
What the office order governs
SIPCOT Office Order No. 1-2022 applies to eligible industries seeking developed plots within the 255-acre Phase-I of the International Furniture Park at SIPCOT Industrial Park, Thoothukudi. The State Industries Promotion Corporation of Tamil Nadu Limited fixed rates for both 99-year leases and short-term leases of 30 years, following approval by its Board at the meeting held on 8 November 2021.
The rates are expressed in lakhs of rupees per acre. The order distinguishes between the first five qualifying anchor industries and all other industries.
Rates for a 99-year lease
For developed plots leased for 99 years:
- The general plot allotment rate is Rs. 60 lakhs per acre.
- The first five anchor industries taking at least 20 acres have a chargeable allotment rate of Rs. 37.65 lakhs per acre and a subsidised plot allotment rate of Rs. 15.30 lakhs per acre.
- For those anchor industries, the stated government subsidy is Rs. 15 lakhs per acre and the government enhanced subsidy is Rs. 7.35 lakhs per acre.
- All other industries have a chargeable allotment rate of Rs. 41.50 lakhs per acre and a subsidised plot allotment rate of Rs. 23 lakhs per acre.
- For all other industries, the stated government subsidy is Rs. 15 lakhs per acre and the government enhanced subsidy is Rs. 3.50 lakhs per acre.
Rates for a 30-year lease
For developed plots leased for 30 years:
- The general plot allotment rate is Rs. 45 lakhs per acre.
- The first five anchor industries taking at least 20 acres have a chargeable allotment rate of Rs. 27.50 lakhs per acre and a subsidised rate of Rs. 10 lakhs per acre.
- All other industries have a chargeable allotment rate of Rs. 30 lakhs per acre and a subsidised rate of Rs. 15 lakhs per acre.
- The stated government subsidy is Rs. 11.25 lakhs per acre. The enhanced subsidy is Rs. 6.25 lakhs for qualifying anchor industries and Rs. 3.75 lakhs for other industries.
How the subsidy is funded
SIPCOT Office Order No. 1-2022 states that part of the plot cost and enhanced subsidy will be claimed from the Government. The balance will be met from the State Industries Promotion Corporation of Tamil Nadu Limited's own funds as subsidy or discount.
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Common questions
Does the special anchor industry rate apply to every large industrial applicant?
No. It applies only to the first five anchor industries, and each must take at least 20 acres.
What is the subsidised rate for a qualifying anchor industry on a 99-year lease?
The subsidised plot allotment rate is Rs. 15.30 lakhs per acre for each of the first five anchor industries taking at least 20 acres.
What is the subsidised rate for other industries on a 30-year lease?
For industries outside the first five qualifying anchor industries, the subsidised rate is Rs. 15 lakhs per acre.
Does SIPCOT Office Order No. 1-2022 apply to industrial plots throughout Tamil Nadu?
No. It fixes rates for 255 acres of developed plots in Phase-I of the International Furniture Park at SIPCOT Industrial Park, Thoothukudi.
