From Govt. of Maharashtra
Autoline Industries is enjoying Industrial Promotion Subsidy(IPS) for Mega Project under Package Scheme of Incentive 2007 of Government of Maharashtra (VAT/CST Subsidy) for its 1 unit situated at Chakan since from 2009.During its expansion activities, the Company made investment at its 2 locations in Pune and applied to Govt. of Maharashtra for grant of IPS under Package Scheme of Incentive 200 for its 2 more units where the fresh investment was made by the Company.
The Company has received a letter dated 15 March 2018 from Govt. of Maharashtra agreeing to consider the investment made by the Company at its 2 other units situated at Gut no. 291 to 296, Nanekarwadi, Chakan and Gut no. 613, Mahalunge, Chakan and club the investment made in said units to its unit which is presently availing Subsidy.
In view of above, the Company would be able to get the IPS since from 2009 for the investment made in its 2 more units subject to the compliance with the conditions of PSI, 2007 and other applicable provisions.
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