State Incentives for New Industries

Various State Governments are giving industrial incentives to attract investment in new/ expansion of existing manufacturing units/ services companies and startups.

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Expansion of existing Industries

All projects are classified into MSME (Below Rs 100 Crs ), Mega (Rs. 100 Crs and above) and Ultra Mega (Rs 1000 Crs and above). Incentives vary from state to state depending upon the volume of investment and employment generation.

Boosting Growth Across India

Broadly incentives are refund of state taxes, capital investment subsidy, power subsidy, supply of water, stamp duty exemption, supply of land, infrastructure supports etc. The incentives are given for a specific period varies from state to state from 5 years to 15 years.