The Jharkhand Automobile and Auto-component Industries Policy 2016 aims at creating favorable atmosphere for setting-up of automobile and auto-component manufacturing units in the state through creation of infrastructure facilities, skilled manpower, encouragement of capital investment and technology up-gradation, development of marketing network, development promotion, grants and concessions.
Financial assistance of 50% for fixed capital investments in building and common infrastructure with upper cap of INR 20 Cr. For Development of Auto Clusters, Auto Vendor Park or Automotive Suppliers Manufacturing Centers.
Stamp Duty Exemption
Reimbursement/concession on stamp duty and transfer duty on the lands will be provided as per extend state industrial policy.
SGST Reimbursement
Manufacturing Units - 100 % GST concession for 10 years
Interest Cost Subvention
MSME units of Automobile and Auto-components manufacturers shall be eligible for fiscal incentives as per extend industrial policy of Jharkhand