Mumbai: Maha to shower incentives on Oxygen manufacturing plants in state
PTI (Representational Image)
The Maharashtra Government has issued a notification on a slew of incentives to be provided to industrial units setting up oxygen manufacturing plants. The government will refund 110% gross state GST, waiver on stamp duty, electricity subsidy of Rs 2 per unit for the next 5 years, special capital subsidy for five years, 100-150% return on investment amongst other incentives. In addition, the government through its special industrial policy under Mission Oxygen Svavalamban (self-reliant) will provide a 5% subsidy on interest rate for micro, small and medium enterprises with an investment limit of Rs 50 crore.