Extensive and active support ecosystem created by the government is a major reason for you to make the Toy Cluster at Koppal your home for your toy manufacturing needs.
Partnering in your success
Lucrative promotional incentive package offered by the government as an enabler of your growth
A government-supported incentive package that provides fiscal and operational incentives will bring in the impetus that a new manufacturing endeavor requires. The Government of Karnataka has rolled out a slew of such incentives for industries based out of the Toy Cluster at Koppal.
Investing in the toy cluster will provide enhanced support for you to invest in machinery, skilled workforce while also enabling ease of doing export business at the Special Economic Zone and its benefits.
An exclusive Capital Investment Subsidy of 30% on fixed assets
100% reimbursement of Stamp Duty and Registration Charges
100% Reimbursement of Land Conversion Fee
5% Interest Subsidy on Term Loan subject to maximum of INR 7.5 crore per annum on Term Loan for 5 years
Power Tariff Subsidy of INR 2 per unit for 5 years
100% Electricity Duty Exemption/Reimbursement for 5 years
ESI and EPF (Employer contribution) Reimbursement at 75% for 5 years capped at 20% of VFA
Wage Subsidy of INR 1,500 per month for 5 years (for direct employment and continuous service of at least 6 months)
Freight Subsidy for exports on charges to the sea port at 75% for the first 2 years and 50% for the subsequent 3 years
Rent Subsidy for units within SEZ through reimbursement of 50% of rent or a maximum of INR 5 per sq.ft. based on certain criteria
A direct Skill Development incentive worth INR 12,500 ($170) per person
Subsidies and reimbursements of up to 25% as Assistance for Common Facility Centers
Ease of Doing Business
The integrated policies of GOI and GOK will enable global players to establish their manufacturing base at the Koppal Toy Cluster. With the ease of doing business and compliance requirements in place, the cluster will provide complete support, ensuring that all your legal and statutory requirements are well addressed.