On Monday the state received investment proposals worth ₹15,184 crore from leading industrialists after a meet in the national capital. Sai spoke to Sandip Das on a range of issues—from eliminating Naxalism by 2026 to the potential of the state to emerge as an investment destination. Excerpts:
What are the unique features of the state’s new industrial policy 2024-2030?
The policy has the potential for investment in sectors such as agriculture, food processing, energy, mining, and manufacturing. Our policy provides tax, land, and electricity exemptions as well as single-window clearance for industries. It emphasizes setting up industries but also on employment generation. It includes special subsidy and incentive packages for emerging sectors like artificial intelligence (AI), robotics, green hydrogen, data centres and semiconductors, streamlined approval processes without any hassles. The state is no longer just a mineral-rich state. It is gradually emerging a hub for modern industries and emerging technologies. Industries in these areas will receive 30% to 50% assistance, along with tax exemptions ranging from 5 to 12 years, ensuring a smoother setup and operational process for businesses.
This story is from the December 24, 2024 edition of Financial Express Lucknow.
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This story is from the December 24, 2024 edition of Financial Express Lucknow.
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