"It has been decided to provide fiscal incentives to assist dispersal of industry to the industrially backward areas, and infrastructure-led geographical dispersal driven by mega projects and industrial corridors," a spokesman of the Industries and Commerce Department said here today.
The scheme has been introduced for providing adequate width of road connectivity with the nearest state or national highway, water and independent power feeder or sub-station up to the premises or periphery of mega project, and identified service enterprise.
Under the scheme, various categories of organisations would be eligible for creating infrastructure in respect of road, independent power feeder and water supply. These include Mega Project and Ultra Mega Projects, Mega Service Enterprises, Promoter, SPV of Thrust Rural Cluster or Rural Functional Cluster and Private developers of the Industrial Estates.
The projects undertaking expansion or diversification with same criteria of investment and employment would also be treated as Mega Projects, the spokesman said.
Besides, projects related to industrial sector, other sector projects, including health, education, skill development, research and development, logistics, testing labs, exhibition centres and power sector would also qualify as mega projects subject to fulfilling the stated criteria, he added.
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