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Sam Ghosh Founder and SEBI Regd. Investment Adviser at Wisejay Private Limited Bangalore, Karnataka
Budget 2019: Scheme for mega-manufacturing plants by global companies
1 answer/comment
03:04:22 PM, 6th July, 2019
  • Sam GhoshFounder and SEBI Regd. Investment Adviser at Wisejay Private LimitedBangalore, Karnataka
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    To promote economic growth and Make in India, the Indian Government is to launch a scheme inviting global companies bidding to set-up mega-manufacturing plants in sunrise and advanced technology areas such as Semi-Conductor Fabrication (FAB), Solar Photo Voltaic cells, Lithium storage batteries, Solar electric charging infrastructure, Computer Servers, Laptops etc. Investment-linked income tax exemptions will be given under section 35 AD of the Income Tax Act, and other indirect tax benefits.

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