The National Manufacturing Policy (NMP) will be offering tax incentives on a case-to-case basis. It will completely depend on the preparedness of a particular state that aims to lure industry and also make it a manufacturing hub. National Manufacturing Policy has been announced few days back and that provides a series of fiscal incentives, particularly to the small and medium enterprises (SMEs).
The policy is scheduled to be notified by the end of next month and the sops would be unveiled gradually.
The National Manufacturing Policy has bagged the Cabinet’s approval recently and it provides a plethora of other fiscal incentives for the manufacturing units that are located outside the zones. The units that are situated within the zones would be receiving extra incentives.
Read more at http://news.indiamart.com/story/national-manufacturing-policy-provide-tax-incentives-case-case-basis-148904.html
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