Capital subsidy for electronics fabrication units hiked

Maharashtra state government has decided to provide more fiscal incentives to electronics manufacturing companies setting up units in the industrially backward regions of Vidarbha and Marathwada. Thus, the state cabinet has revised its promotion policy for electronics fabrication companies, assuring them a capital subsidy of up to 20 per cent of the fixed expenditure for investments in these regions. According to the industry department estimates, a fabrication unit of full capacity would guarantee an investment of Rs 60,000 crore and create an employment opportunity for at least 32,000 people.