The Union government is considering an incentive scheme to develop industrial hubs for small and medium businesses focussed on advanced technologies across sectors including healthcare, telecom, semiconductors and defence.
A person in the know of the development said that the government may offer viability gap funding (VGF) or a fixed subsidy for the setting up of these industrial hubs.
“There is a consideration to develop latest technology industrial hubs for MSMEs and they would cater to only those businesses that are involved in advanced technology including artificial intelligence and machine learning. Government will allow setting up of these industrial hubs on private land and a subsidy also may be provided," the person said.
The model is similar to that of industrial hubs where business entities get ready-made infrastructure and operate in a plug-and-play mode.
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