Agartala: The BJP government in Tripura has decided to broaden subsidy and incentive packages to attract big, medium and small industries.
“The state cabinet on Monday expanded and introduced new subsidy and incentive packages to boost big, medium and small industries in Tripura. The state has huge natural resources, including high quality gas,” Law and Education Minister Ratan Lal Nath told IANS here on Tuesday.
The meeting, chaired by Chief Minister Biplab Kumar Deb, modified the Tripura Industrial Investment Promotion Incentives Schemes. “Big industries and seven more segments, like hotel, tourism, hospital and nursing home, have been brought under the purview of the new subsidy and incentive schemes,” he said.
Sharing details, he said variety of capital investment subsidies, and exemptions in state goods and services tax (SGST) have been introduced. Apart from 25 per cent subsidy on power consumption, subsidy on bank loan has been increased to 5 per cent from 4 per cent.
Stating that Tripura is the second largest natural rubber producer after Kerala and big natural gas reserves have been found by ONGC, he said there were huge scope to set up rubber and gas-based industries besides bamboo-based units.
The state government had also decided to make 12 backward blocks as model blocks and spend Rs 150 crore in three years on it. A high-level committee supervise the plan. (IANS)
