Raj unveils aerospace, defence policy to promote production
Jaipur, March 22 -- The Rajasthan government on Saturday unveiled the aerospace and defence policy-2026 aiming to promote the domestic production of defence infrastructure in the state.
"The policy, launched by the chif minister Bhajan Lal Sharma on Saturday, aims to make Rajasthan a key contributor for the country's self-reliance in defence sector. Under this policy, aircraft, helicopters, drones, missiles, avionics, satellite buses, armoured vehicles, radars, navigation, communication and control systems, robotics and defence electronics will be manufactured in the state. The policy also provides financial and non-financial incentives and provides for plug-and-play infrastructure, skill development support, and prompt services to attract the investors," read a statement issued by CMO.
It added: "Effective industrial policies and rapid economic growth, connectivity to the Delhi Mumbai Industrial Corridor, vast network of national highways, availability of adequate land as well as accessibility of various metals will turn out to be significant in establishing the state as a hub of aerospace and defence manufacturing. The metal machining sector comprising steel, copper, and brass units, will also play a key role in the production of ammunition and defence components."
Under this policy, manufacturing projects with minimum fixed capital investment of Rs.50 crore to Rs.300 crore have been categorized as large, ones with capital investment of Rs.300 crore to Rs.1,000 crore as mega, and investment of more than Rs.1,000 crore as ultra mega.
Meanwhile, for the service sector, projects with fixed capital investment ranging from Rs.25 crore to Rs.100 crore have been categorized as large, projects with investment ranging from Rs.100 crore to Rs.250 crore have been categorized as mega and projects with investment of more than Rs.250 crore have been categorized as ultra mega.
"The policy provides the option of availing capital, investment subsidy or turnover linked incentive for manufacturing and service enterprises... Special incentives include waivers on banking, wheeling, and transmission charges, flexible land payment models, office-space lease rental subsidies, and inclusion of 51% of investments in captive power plants as eligible fixed capital investment," it said....
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