Tamil Nadu cabinet okays Rs 1,352 crore investment proposals
By TOI 19-Oct-2019
“The cabinet gave its nod to the expansion plans with subsidy on capital and training and exemption on electricity tax for five years to all the three units,” said an official source. MM Forgings will get 10% subsidy for over ten years and 110 KV dedicated feeder at government cost for its Viralimalai plant. Besides, training subsidy of Rs 4,000 per month for 600 people for six months is also being extended to encourage the unit.
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