To establish GIFT City as a global financial hub, the Forum has proposed tax exemptions on dividends and financial transactions. For manufacturing and renewable energy, it has recommended extending concessional tax rates for greenfield manufacturing beyond March 2024 and offering a 15 per cent tax rate for Maintenance, Repair, and Overhaul (MRO) firms. In healthcare, it has suggested reducing tariffs on life-saving drugs and continuing exemptions for medicines under Patient Assistance Programs.
This story is from the January 16, 2025 edition of Business Standard.
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This story is from the January 16, 2025 edition of Business Standard.
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