Driven by the aim to bring in costeffectiveness in the manufacturing process, easy availability of land skilled & unskilled labour at low cost, along with various policy initiatives like tax exemption, Rudrapur is fast emerging as the ‘Manufacturing Hotspot’.
With $2 billion investments in the offing, this foothill town is the next big address for industry. People wanting to set up base in Integrated Industrial Estate – Pantnagar get 100% central excise exemption for 10 years; 100% income tax exemption for first 5 years and 30% for next 5 years. Also, there is an exemption from entry tax on plant & machinery for setting up an industry or undertaking substantial expansion and modernisation.