State promises concessions, subsidies and tax refunds in a policy unveiled at investors' meet
The Tamil Nadu government has doled out a slew of incentives for investors in the aerospace and defence manufacturing sectors.
In its new Tamil Nadu Aerospace and Defence Industrial Policy 2019, which was released at the Global Investors Meet (GIM) 2019, the State said that units which are allotted land within three years from the date of announcement of this policy in the industrial parks, aerospace and defence parks promoted by State Industries Promotion Corporation of Tamilnadu Ltd (SIPCOT) and the Tamil Nadu Industrial Development Corporation (TIDCO) will be given 20% concession on the actual land cost.
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