Summary:
The state government announced a provision of Rs 850 crore in the budget for 2018-19 to provide incentives under various industry related schemes. "We have made the provision of Rs 850 crore in the budget to pay the incentives promised to investors. The investments were expected to generate revenue for the state, as well as create jobs for local youths. This includes the automobile majors, as well as medium sized and small companies operating in different sectors. The provision will be enough to meet our commitments for the year, and also enable us offer incentives to any potential investors who may be considering investing in the state," said an official..