Incentives for New Manufacturing Set Ups in Punjab
15 May 2024Business Services
Indian State Governments offer varied incentives
under their respective state industrial development
corporation policies to promote the set-up of new
manufacturing units in the state. Such incentives
are in the form of capital subsidies, interest
subsidies, subsidized electricity tariffs, and more.
The purpose of such incentive schemes is to attract
investment thereby enabling infrastructure
development, generating employment, developing
focus sectors, and largely facilitating the overall
economic development of the state.