Karnataka Government today extended tax concessions upto Rs 80 crore for a three year period to Toyota Kirloskar, which is expanding its manufacturing facility at Bidadi on city outskirts.
Toyota Kirloskar, as part of its expansion plans to set up a small and compact car manufacturing unit, would invest about Rs 4,000 crore, creating 2,000 jobs, Home Miniser Dr V S Acharya told reporters after a cabinet briefing.
The firm, which already has a manufacturing facility, will get exemption from entry tax and other benefits for its expanded unit, he said.
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