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“It is not right in God’s sight to obey men rather than God.”

Madhya Pradesh will introduce investment incentive scheme

BHOPAL: Under the Industrial Promotion Policy 2014, Madhya Pradesh will introduce an investment incentive scheme to provide the facilities for big-ticket industrial investment projects.

In the Investment Promotion Committee meeting chaired by Chief Minister Shivraj Singh Chouhan here on Monday it was informed that to avail the benefits of this scheme registration with the MPTRIFAC would be required. After registration the industrial units would submit a brief project report to the TRIFAC.

The scheme provides for reimbursement of the expenditure incurred on infrastructure development, encouragement to private sector for infrastructure, entry tax and power duty exemption for green industrialization, reimbursement of CST and Mandi fee, interest subsidy to textile projects and assistance to economically impaired units. The cases of the registered units would be presented to the state level empowered committee by TRIFAC for decision.