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Industry and Investment

Thrust Sectors:

The dynamic new thrust areas in MP are changing the expansion plans of many business houses. Challenging new fields like electronics, mineral and agro based industries, telecommunication, oil and petrochemicals, food processing and even automobiles are tempting more and more industrial houses.

Naturally the State's incentives for new thrust areas are equally tempting. Never before fiscal benefits and tax concessions backed by a responsive administration are together turning MP into the industrial destination of today and tomorrow.

New Industrial Policy

  • Single-window functioning at growth centres, with designated nodal officers for follow-up.
  • Allotment of land on 99 year lease.
  • Package of incentives to encourage private sector participation in power generation and infrastructure development.
  • Attractive Sales/Commercial tax exemptions and deferred payments.
  • Concept of 'No Industry Blocks', having extraordinary exemptions and deferments.
  • Special facilities for 100% EOUs, NRI projects and those based on sophisticated technology.
  • Scope of the ' Thrust Sector' enlarged and such industries given special facilities.


 


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