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TN incentives for production of medical oxygen, equipment - The Hindu BusinessLine

TN incentives for production of medical oxygen, equipment
May 13, 2021
Chief Minister MK Stalin - PTI×
To avail this benefit, the units should start production by August 15
With medical oxygen in great demand in Tamil Nadu due to the fast-spreading coronavirus, the State government has announced an incentive package to encourage oxygen production in the State.
This was decided after a a high-level meeting chaired by Chief Minister MK Stalin on May 11.
As per the incentive package, 30 per cent capital subsidy in two equal instalments will be provided to those units that invest in manufacturing oxygen concentrators, oxygen cylinders and medical oxygen in the State. However, to avail this, the units should start production by August 15, 2021. ....

Tamil Nadu , Tamil Nadu Guidance Bureau , Tamil Nadu Industrial Investment Corporation , Chief Minister , Tamil Nadu Guidance , Medical Oxygen , Covid 19 , Tamil Nadu Industrial Investment Corporatio , தமிழ் நாடு , தமிழ் நாடு வழிகாட்டல் பணியகம் , தமிழ் நாடு தொழில்துறை முதலீடு நிறுவனம் , தலைமை அமைச்சர் , தமிழ் நாடு வழிகாட்டல் , மருத்துவ ஆக்ஸிஜந் ,

State incentivises manufacture of oxygen

State incentivises manufacture of oxygen
Updated:
Updated:
Govt. announces capital subsidy
Govt. announces capital subsidy
The State government on Thursday announced incentives for companies willing to manufacture medical oxygen in the State.
The government announced that companies that invest in Tamil Nadu to produce oxygen concentrators, oxygen cylinders and medical oxygen will get 30% capital subsidy over a two-year period. The companies that wish to avail themselves of this subsidy must begin production before August 15.
Investments made between January 1 and August 31 will also be taken into account.
For investments made between January 1 and November 30 for setting up plants with a minimum capacity of 10 metric tonnes of liquid oxygen, 30% capital subsidy will be given over five years. The firms concerned must start production by November 30. For these companies, the Tamil Nadu Industrial Investment Corporation Limited will immediately provi ....

Tamil Nadu , Tamil Nadu Industrial Development Corporation , Small Industries Development Corporation , Industries Promotion Corporation Of Tamil Nadu , Tamil Nadu Guidance Bureau , Tamil Nadu Industrial Investment Corporation , State Industries Promotion Corporation , Covid 19 , தமிழ் நாடு , தமிழ் நாடு தொழில்துறை வளர்ச்சி நிறுவனம் , சிறிய தொழில்கள் வளர்ச்சி நிறுவனம் , தொழில்கள் ப்ரமோஶந் நிறுவனம் ஆஃப் தமிழ் நாடு , தமிழ் நாடு வழிகாட்டல் பணியகம் , தமிழ் நாடு தொழில்துறை முதலீடு நிறுவனம் , நிலை தொழில்கள் ப்ரமோஶந் நிறுவனம் ,