Gujarat government on Wednesday announced an investor-friendly Aerospace and Defence Policy 2016. The new policy offers incentives and tax sops with regard to land allotment, stamp duty, registration charges and electricity duty among others. View more at #Hindustan360
To attract defence and aerospace sector players, the state will now provide government land at 50% of jantri rates for setting up units during the five-year tenure of the policy. Land owned by the state and Gujarat Industrial Development Corporation will be given first preference for land allotment.
J N Singh, chief secretary, Gujarat said while announcing the policy, “Those willing to establish their manufacturing units under the policy, will get land at 50% of the existing jantri rate. Earlier, a committee was to be formed for deciding the rate for land allotment. However, the process was time consuming