February 23, 2015 2:46:25 am
Following Prime Minister Narendra Modi’s call of ‘Make in India’, Chhattisgarh Chief Minister Raman Singh has launched ‘Make in Chhattisgarh’ and announced many incentives for making the state a manufacturing hub with special focus on the newly developed Naya Raipur as an investment destination.
In a series of recent announcements, Singh has offered 100 per cent exemption on electricity duty for 12 years for IT and ITES sector, 100 per cent exemption on stamp duty and entry tax, besides up to 90 per cent discount on land premium, indicating an industrialist will have to pay just 10 per cent of the land cost.
The biggest is “bespoke incentive” under which the government commits itself to providing customised incentives to meet special requirements of a unit, even free land in certain cases.
“If investment is more than Rs 100 crore, we will provide bespoke incentive. It’s the first instance of a government providing such customised incentives,” Aman Singh, IT & ITES secretary, told The Indian Express. An empowered committee headed by the chief secretary will assess and provide such incentives to the investor. To build investor confidence, instead of mandatory assessment of every unit, self-assessment has been made the rule. The government has a special focus on IT units.
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