Manufacturing has emerged as one of the high-growth sectors in India, targeting global markets and increasingly becoming a formidable global competitor. To position India as a manufacturing hub, the Central Government and various State/Union Territory Governments offer a range of incentives, subsidies, and grants for setting up manufacturing facilities in the country. In addition, certain incentive schemes are also available for the services and other sectors.

The Government of India provides sector-specific subsidies to promote manufacturing. Further, the Package Scheme of Incentives (PIS) is a policy framework notified by individual states to promote industrial development, employment generation, investment, innovation, and economic growth. PIS frameworks vary from state to state and are administered by the respective state industrial development authorities. The economic development of each state is significantly influenced by its industrial policy framework and Ease of Doing Business (EoDB) ranking. Typically, state industrial policies are notified for a period of five years.
Industrialists and manufacturers and Service Providers often require structured guidance to navigate central and state incentive frameworks effectively. Our team at Darda Advisors adopts a strongly business-oriented approach and brings cross-sector experience and technical expertise to deliver end-to-end solutions across incentives, subsidies, and grant-related matters. We offer the following key services:

• Policy Evaluation: Evaluating Central and State industrial policies and identifying optimal incentive benefits available to clients
• MoU Support: Assisting in consultation and negotiation of Memoranda of Understanding (MoUs) with State Governments
• Documentation Support: Assisting in retrieval of supporting documents from Central and State authorities
• Pre-Approval Management: Obtaining pre-approvals as required under State Industrial Policies and relevant Central schemes for specific sectors
• Claim Framework Design: Designing systems and supporting the preparation of documentation required for refund/disbursement claims
• Claim Preparation: Preparing refund/disbursement claims in accordance with statutory requirements
• Claim Filing & Follow-up: Filing and processing refund/disbursement claims with Central/State authorities and undertaking regular follow-ups
• Representation Support: Making representations before appropriate authorities in cases where refund/disbursement claims are rejected