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Why Invest in Mizoram?

Mizoram

  • Mizoram lies in the North-Eastern part of India and shares 722 km of the international border with Myanmar and Bangladesh.
  • It is the second largest producer of strawberries in India and a major producer of Areca nut, ginger and turmeric.
  • Potential area of 101,000 ha has been identified for oil palm cultivation in the state,and the industry has seen growth in investments due to various state incentives
  • The state has abundant natural resources and supporting policies and Mizoram accounts for about 13.2% of the total fruits produced in the Northeast
  • The state has a 24,000 ha of potential area for fish farming out of which only a small portion has been utilised until now

Raw Material Available


Major Players Present in the State

State Profile of Mizoram

S. No. Project Name District Contact Details Investment Leverage (Rs. in Cr.) Direct Employment Granted Farmers Benefited Processing Capacity (LMT) PA Preservation Capacity (LMT) PA Status
1. Zoram Mega Food Park Pvt. Ltd. KOLASIB
  • NAME : Lalrintluanga Jahau,
    Email Id : ljahau[at]gmail[dot]com

25.2000  23  200 0.0747 0.1736 Completed
S. No. Project Name District Contact Details Investment Leverage (Rs. in Cr.) Direct Employment Granted Farmers Benefited Processing Capacity (LMT) PA Preservation Capacity (LMT) PA Status
1. Mizofa fish seed farm AIZAWL
  • NA

2.1700  100  9552 0.0000 0.0100 Completed
2. Zoram fish seeds production center AIZAWL
  • NA

7.5200  100  9552 0.3200 0.0100 Completed
S. No. District ODOP
1. Aizawl Mizo Chilli
2. Champhai Passion Fruit
3. Hnahthial Turmeric
4. Khawzawl Pineapple
5. Kolasib Turmeric
6. Lawngtlai Mango
7. Lunglei Turmeric
8. Mamit Turmeric
9. Saiha Turmeric
10. Saitual Ginger
11. Serchhip Pineapple

State Policy & Fiscal Incentives

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Policy & Incentives Description
Name of Policy
  • Mizoram Industrial Policy 2012

Nodal Agency
  • North Eastern Development Finance Corporation Limited (NEDFI)

Single Window Clearance System
  • Not Available

Power/Electricity Subsidy
  • Only for new MSME unit for a period of 5 years:.

    • 60% of total expenditure on power consumption in case of micro enterprises

    • 50% of the total expenditure on power consumption in case of small enterprises

    • 30% of the total expenditure on power consumption in case of medium enterprises

    • Subsidy on Power Plant: 50% of the actual expenditure to a ceiling of INR 50,000/-per unit

    • 50% of the cost of Captive generating set and installation charge thereof subject to a ceiling of INR 3,00,000/- per unit

Capital Subsidy
  • 90 per cent in case of micro enterprises subject to a ceiling of INR 5,000/- per unit.

  • T75 per cent in case of small enterprises subject to a ceiling of INR 25,000/- per unit

  • 50 per cent in case of medium enterprises subject to a ceiling of INR 50,000/- per unit

Interest Subsidy
  • Only for new Industrial Unit for a period of 5 years:

    • The interest on loan paid by an industrial unit in excess of 8.5% shall be subsidized up to a maximum of 4%

    • Subsidy shall be limited to a claim on a total amount not exceeding INR 3,60,000/-paid by an industrial unit towards interest on term loan in a full year. However, for working capital loan, the total amount paid towards interest on which subsidy can be claimed shall be limited to INR 1, 20,000/- in a full year.

    • If the unit avail interest subsidy under NEIIPP, only the shortfall amount, if any, will be applicable for interest subsidy on working capital loan

VAT/CST/SGST/TAX Exemption/Reimbursement
  • Not Available

Employment Generation
  • Not available

Freight/Transport Subsidy
  • For New MSME unit for a period of 5 Years:

    • 50% of the actual cost of transportation by railway or on road or both of plants and machineries

Others

Land related concessions

  • Govt. of Mizoram is mandated in giving sustainable employment and introducing better utilization of land by introducing New Land Use Programme (NLUP). The NLUP aimed at increasing Agriculture, Horticulture and livestock produce, better utilization of forest resources, plantation and development of Micro Enterprises at the rural level At the Notified industrial area

  • 25% of the lease charge/fee of allotted developed/undeveloped land will besubsidized for a period of 5 years unless the claimable amount is not adjusted atthe time of payment of such fee or charges

  • 25% of the amount spent by the unit on development of undeveloped land allotted to the unit will be subsidized

  • Rent Subsidy: 50% of the duly assessed rent of factory Shed subject to a ceiling of INR 30,000 per unit per year

Skill Development / Human Resource Development

50% of the actual course fee for training subject to a ceiling of INR 10,000 per trainee and INR 50,000 per unit per year Other state initiatives include:

  • Training will be organized, and sponsored trainees based on the industrial requirement of the state Organizing product specific skill development training in association with various training institutions Sponsorship of trainees in various national level training Institutions Capacity building and training for officials of Industries Department in various fields in association with national institutes and funding from Govt. of India.

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