Tripura unveils revamped industrial scheme to draw investors
Agartala Apr 23PTI The Tripura government has made massive changes in its industrial scheme to attract investments and pave the way for faster economic growth in the stateTaking to Twitter Chief Minister Biplab Kumar Deb said on Saturday that the upper limit to avail state subsidy on MSME investments has been increased to Rs 1 croreEarlier the cap for subsidy was Rs 60 lakhMassive changes have been made in Tripura Industrial Investment Promotion Scheme TIIPIS-2022 to increase investment in the state To avail state subsidy for MSME the upper limit has been increased to Rs 1 crore Deb said in a tweet on SaturdayThe CM also said that the state in its bid to boost the manufacturing sector will give a 50 subsidy on movement of secondary raw materials to the state from outsideThe transport subsidy for bringing raw materials to the state from elsewhere was 10 per cent thus farDeb announced that fees charged for certifications such as ISO and BIS would be reimbursed by the state as his government sought to bolster the Made in Tripura initiativeIt will help the state march ahead on the path of Atmanirbharta self-dependence and will open new avenues of economic development he saidA senior official of Industries Commerce department said on Saturday that various subsidies can be availed by cooperatives and self-help groups for setting up industries in the state under the new industrial schemeHe also said that rubber bamboo tea gas horticulture tourism healthcare services and waste management will be placed under priority sector when it comes to doling out incentivesIncentives for investments in the state have been substantially increased to attract businessmen and create employment generation the official saidThe priority sectors will get a 40 percent subsidy on capital investment while the non-thrust sectors a healthy 30 percent subsidy Also for setting up industries in sectors such as horticulture real estate logistic hub infrastructure development on a 30-acre land a capital subsidy to the tune of Rs 5 lakh shall be available he maintainedApart from this a one-time incentive shall be given to those MSME units for floating tenders attending fairs expo meets and exhibitions under the new policyThe new industrial scheme that came into effect on April 1 will remain in place till March 31 2027 PTI PS RMS RMS
Agartala Apr 23PTI The Tripura government has made massive changes in its industrial scheme to attract investments and pave the way for faster economic growth in the stateTaking to Twitter Chief Minister Biplab Kumar Deb said on Saturday that the upper limit to avail state subsidy on MSME investments has been increased to Rs 1 croreEarlier the cap for subsidy was Rs 60 lakhMassive changes have been made in Tripura Industrial Investment Promotion Scheme TIIPIS-2022 to increase investment in the state To avail state subsidy for MSME the upper limit has been increased to Rs 1 crore Deb said in a tweet on SaturdayThe CM also said that the state in its bid to boost the manufacturing sector will give a 50 subsidy on movement of secondary raw materials to the state from outsideThe transport subsidy for bringing raw materials to the state from elsewhere was 10 per cent thus farDeb announced that fees charged for certifications such as ISO and BIS would be reimbursed by the state as his government sought to bolster the Made in Tripura initiativeIt will help the state march ahead on the path of Atmanirbharta self-dependence and will open new avenues of economic development he saidA senior official of Industries Commerce department said on Saturday that various subsidies can be availed by cooperatives and self-help groups for setting up industries in the state under the new industrial schemeHe also said that rubber bamboo tea gas horticulture tourism healthcare services and waste management will be placed under priority sector when it comes to doling out incentivesIncentives for investments in the state have been substantially increased to attract businessmen and create employment generation the official saidThe priority sectors will get a 40 percent subsidy on capital investment while the non-thrust sectors a healthy 30 percent subsidy Also for setting up industries in sectors such as horticulture real estate logistic hub infrastructure development on a 30-acre land a capital subsidy to the tune of Rs 5 lakh shall be available he maintainedApart from this a one-time incentive shall be given to those MSME units for floating tenders attending fairs expo meets and exhibitions under the new policyThe new industrial scheme that came into effect on April 1 will remain in place till March 31 2027 PTI PS RMS RMS
