View of Vignesh Oxygen plant in the course of the second wave of COVID-19, in Surat. (Representational picture)
Maharashtra Government has authorized a particular financial incentives bundle for industries organising new oxygen manufacturing vegetation, a senior official mentioned on Friday.
The state authorities determined to approve a bundle within the backdrop of acute scarcity of medical oxygen for therapy of coronavirus sufferers, Maharashtra’s Additional Chief Secretary (Industries) Dr Harshdeep Kamble mentioned.
The bundle is being given underneath the “Maharashtra Mission Oxygen Swawlamban” plan to enhance oxygen manufacturing within the state, the senior IAS official instructed PTI.
Due to the rising variety of coronavirus instances, there’s a enormous scarcity of oxygen in Maharashtra, he mentioned.
“With a goal of producing 3000 MT of oxygen per day, the state authorities has determined to give particular financial incentives to industrial units manufacturing liquid medical oxygen and likewise for the manufacturing of oxygen cylinders and cryogenic tankers, mentioned Kamble who’s the Development Commissioner and likewise holds the cost of Secretary of the Industries Department.
Units arrange in Vidarbha, Marathwada, Dhule, Nandurbar, Ratnagiri and Sindhudurg areas shall be eligible for incentives up to 150 per cent of their eligible mounted capital investments and units arrange in the remainder of Maharashtra shall be eligible for up to 100 per cent common incentives, he mentioned.
The authorities may also give a refund on gross SGST, stamp responsibility, electrical energy responsibility and unit subsidy of energy value for 5 years, curiosity subsidy for MSME units with a set capital funding of up to Rs 50 crore, additionally a particular capital subsidy for units producing 25 MT to 50 MT of oxygen and going into manufacturing earlier than December 31.
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Under the Ease of Doing Business coverage for units to go into manufacturing on the earliest all permissions shall be given in 15 days, he mentioned. For fast-tracking the implementation of the coverage, a committee to monitor the identical will likely be arrange underneath his chairmanship, Kamble mentioned.
“The state cabinet led by Chief Minister Uddhav Thackeray approved the special scheme wherein we have done away with investment and employment criteria and focussed on the oxygen manufacturing capacity,” he mentioned.
“With up to 150 per cent incentives coupled with capital subsidy, which is more in backward regions of Marathwada and Vidarbha, and with Rs 2 per unit power tariff subsidy and other benefits, many units would be attracted to Maharashtra. Only those applying before June 30 will get the benefits of this policy,” he mentioned.
Kamble, who can be the state authorities’s nodal officer for “Mission Oxygen Swawlamban” mentioned with the potential of a 3rd wave of the pandemic the oxygen demand is predicted to attain 2300 MT. As of now, our manufacturing capability is 1300 MT and the requirement is 1800 MT,” he mentioned.
Because of this coverage, the state’s healthcare system can be strengthened by rising manufacturing and storage for turning into an oxygen self-reliant state and Maharashtra would additionally have the option to present oxygen to different states if wanted, he mentioned.
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