Punjab State-Specific Integrated Logistics and Warehousing Policy 2023: Key Benefits for Investors
Dear Businessman/Investors
If you’re planning to invest in the warehousing sector in Punjab, whether it’s for agriculture-based or commercial warehousing, the Punjab State-Specific Integrated Logistics and Warehousing Policy 2023 offers a range of benefits to help maximize your investment. This policy, notified on 27th February 2023, is in effect for the next five years and aims to support warehousing and logistics projects by providing incentives to investors.
Key Benefits of the Policy:
- Stamp Duty Refunds: 100% refund on stamp duty for warehousing projects in Punjab.
- SGST Refund: 100% refund on net SGST paid during the financial year. This refund applies for up to 10 years, ensuring consistent cash flow and financial support.
- Electricity Duty Exemptions: 100% exemption on electricity duties for warehousing projects.
- External Development Charges (EDC) and Clue Fees: 100% exemption on EDC and clue fees, reducing the initial setup cost for your project.
- Property Tax Exemption: 100% exemption on property taxes for warehousing setups.
Eligibility for Incentives:
- Minimum Warehouse Size: To avail of these benefits, your warehousing facility must be at least 3000 square feet in size.
- Self-Use and Third-Party Storage: Incentives apply only if you use the storage facility for third-party purposes, such as letting out space or operating as a storage hub.
Investment Subsidy:
While Punjab does not offer direct capital subsidies, the state compensates by offering investment subsidies through the refund of SGST payments. This indirect subsidy helps reduce the overall financial burden of the project.
Expanding Warehousing in Punjab:
With the growing demand for warehousing due to advancements in infrastructure and logistics, especially in border areas, Punjab offers a lucrative opportunity for investment. The increasing consumer demand, fast movement of goods, and the rise in e-commerce have all contributed to the growing need for storage and fulfillment centers.
Conclusion:
If you’re planning to set up a warehousing facility in Punjab or expand an existing business, now is the perfect time to benefit from the Punjab State-Specific Integrated Logistics and Warehousing Policy 2023. The financial incentives and exemptions can significantly enhance the profitability and feasibility of your investment.
Join hands with KIP to take full advantage of these benefits and make your investment journey smoother.
Punjab Commercial Warehouse SvR : https://pages.razorpay.com/pb-commercial-warehouse-svr
Join Our Business Community: https://pages.razorpay.com/subsidyupdates/
Join Our Warehouse Community: https://rzp.io/l/warehousebusinesssubsidy
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Call Us : 8683898080
E-mail Us : sales@kipfinancial.com
KIP Financial Consultancy Pvt. Ltd.
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