Jagan’s Early Bird Offer!

Jagan’s Early Bird Offer!

The YCP government has initiated steps to make the investment deals undergone with industrialists at the Global Investors Summit in Vizag a reality. As these industries would provide employment to local youth in a big manner, the state government is trying to expedite the process.

As part of the 2023-27 New Industrial Policy introduced by the government, the officials announced some incentives under the Early Bird Offer. Companies and individuals starting construction works within 6 months of the Summit would be given special incentives like 100% reimbursement of stamp duty, land conversion charges.

The industries will also be paid back 50% of the infrastructure costs. Medium, large, mega and ultra-mega projects are eligible to utilize the government’s Early Bird Offer.

At the Vizag Summit, as many as 386 deals were signed which would bring investments worth Rs 13,11,468 crore into the state. As 6,07,383 people would get employment opportunities through these projects, the state government has focused on making them a reality. A 17-member monitoring committee, under the leadership of the Government Chief Secretary, was constituted to ensure hassle-free clearances for the industries.

In the wake of criticism that the YCP government was just focusing on vote bank politics, the state government has shifted focus to development of the state in the last few months.

The YCP government has initiated steps to make the investment deals undergone with industrialists at the Global Investors Summit in Vizag a reality. As these industries would provide employment to local youth in a big manner, the state government is trying to expedite the process.

As part of the 2023-27 New Industrial Policy introduced by the government, the officials announced some incentives under the Early Bird Offer. Companies and individuals starting construction works within 6 months of the Summit would be given special incentives like 100% reimbursement of stamp duty, land conversion charges.

The industries will also be paid back 50% of the infrastructure costs. Medium, large, mega and ultra-mega projects are eligible to utilize the government’s Early Bird Offer.

At the Vizag Summit, as many as 386 deals were signed which would bring investments worth Rs 13,11,468 crore into the state. As 6,07,383 people would get employment opportunities through these projects, the state government has focused on making them a reality. A 17-member monitoring committee, under the leadership of the Government Chief Secretary, was constituted to ensure hassle-free clearances for the industries.

In the wake of criticism that the YCP government was just focusing on vote bank politics, the state government has shifted focus to development of the state in the last few months.