VIA gives suggestions on Package Scheme of Incentives
   Date :08-Jul-2024

dr harshdeep kamble
Business Reporter :
A DELEGATION of Vidarbha Industries Association (VIA) met Dr Harshdeep Kamble, Principal Secretary (Industries & Mining), onSunday and discussedsomeoftheissuesrelated to industry. The delegation led by VIA PresidentVishal Agrawal; Past President Pravin Tapadia; Secretary Prashant Mohota; AnilChandak,CANitinAgrawal andRameshBansal submitted a detailed memorandum with suggestions related to development of industries regarding Package Scheme of Incentives 2024, Power, MIDC and modalities for Maharashtra Export Policy.
VIA members gave suggestions for the PSI in the new Industrial Policy2024 and said that the Government should consider the investment under captivepower(solar/windmill) a seligible investment. VIAalso highlightedtheneedtode-link the interest subsidy with power bill, to remove anomaly for Special LSI and LSI unit, and to reduce the operating period to a more reasonable level. VIA further stressed on option to choose between SGST Refund, Capital Subsidy and turnover linked incentive, deduction of stamp duty and electricity duty from SGST amount,issues related to transfer of units purchased from NCLT, separate policy for Circular Economy and SectorialPolicyandearlyissue of modalities.
VIA stressed there isaneed to have are look at the exorbitant power costs and provide power at an affordablerate and requested to restore the old power incentive Scheme given for Vidarbha and Marathwada. Dr Harshdeep Kamble, PrincipalSecretary-(Industries & Mining), said the Government is formulating special sectoral policies to enhance the growth and progress of Vidarbha. He further assured that he will incorporate the suggestions and feedback shared byVIA will be taken up these issues with the concerned departments for resolving promptly