PANAJI
With big ticket industrial investments in the State drying up in recent years, Chief Minister Pramod Sawant has offered extensive tax holidays and other incentives for industry and organisations.
One such proposal included by Sawant in the budget he presented on Wednesday is a 5-year tax holiday for industry and large companies who are "ready to invest Rs 5,000 crore in the State.
"I propose to give them various incentives such as full SGST reimbursement for five years, 50 per cent waiver on stamp duty and registrations, subsidy on supply of various amenities for five years and other benefits," Sawant said.
In other incentives for investors, Sawant said he proposes to give incentives to hotels of at least three star category and hospitals being set up in hinterland talukas of the State -- Sattari, Bicholim, Ponda, Sanguem, Quepem, Dharbandora and Canacona.
They will be given 50 % rebate on State GST, exemption in stamp duty and registration besides waiver of other processing charges, he said.
Investors in the Logistics sector have also been given sops in the budget.
Sawant said subsidy will be given to investors in the field of logistics on fixed capital investment, interest payable on loans, upgradation of traffic tracking equipment and logistics management software besides reduction in stamp duty and registration fee.
