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  3. Electricity Duty Exemption (UP Textile)
Uttar Pradesh

Electricity Duty Exemption (UP Textile)

Government of Uttar Pradesh

About This Scheme

New textile and garmenting units in Uttar Pradesh can claim exemption from electricity duty for 10 years on electricity produced from Captive Power Plants for self-consumption.

The Electricity Duty Exemption for Captive Power Plants is an incentive under the UP Textile and Garmenting Policy 2022, designed to promote industrial growth and reduce operational costs for new manufacturing units in Uttar Pradesh. This program aims to support the textile and garmenting sector by providing significant financial relief on electricity consumption. By exempting eligible units from electricity duty for a substantial period, the policy encourages investment in captive power generation, which leads to greater energy self-reliance and environmental sustainability. This initiative is crucial for enhancing the competitiveness of new businesses in the state, fostering a robust and attractive investment climate for textile and garmenting manufacturers. The policy is a strategic move by the Government of Uttar Pradesh to boost the state's industrial output and job creation in this key sector.

Benefits

  • The program offers a crucial exemption from electricity duty for a period of 10 years.
  • This benefit applies specifically to electricity generated by Captive Power Plants owned by new textile and garmenting units and consumed for their own operations.
  • This exemption directly contributes to reducing the operational expenditure of these manufacturing units, making them more competitive and sustainable in the long run.
  • By supporting the adoption of captive power, the scheme also promotes energy efficiency and self-sufficiency within the industrial sector.

How to Apply

Rolling basis

Quick Info

Amount / Funding
Varies
State / Region
Uttar Pradesh
Ministry / Dept
Government of Uttar Pradesh
Tags
Subsidy