Tripura amends policy, extends state subsidies to large-scale industries
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Tripura amends policy, extends state subsidies to large-scale industries

By Indianexpress calender  05-Jun-2019

Tripura amends policy, extends state subsidies to large-scale industries

In a bid to boost investment in Tripura, the incumbent BJP-IPFT government has amended its industrial investment promotion scheme to extend the subsidies to large-scale industries.
Under the revised policy, State Goods and Service Taxes (SGST) will be waived, subsidy on bank loan interest has been increased to five per cent, and a 25 per cent subsidy on electricity bills incurred during production will be offered to industrialists. The government will also bear all expenses of Employees Provident Fund (EPF) for factory workers. And a subsidy of ten per cent each would be provided for transportation and export promotion.
Law Minister Ratan Lal Nath told reporters that his government has made job creation its top priority.
“Our government’s main priority is to create jobs. We have amended the Tripura Industrial Investment Promotion Incentive Scheme at a cabinet meeting to invite industrial investments here, so that new jobs can be created,” Nath told reporters.

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