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Govt Plans New Clusters To Fire Up Manufacturing
Hindustan Times Lucknow
|January 11, 2025
Tax sops, road map to build factories along infra projects likely in budget
NEW DELHI: The Union government is looking to fire up manufacturing activity—a crucial engine of economic growth that has significantly slowed—by announcing factory clusters near major infrastructure projects and changes to tax and customs duties in the upcoming budget.
Two officials familiar with the government's thinking said the manufacturing clusters would strategically align with key infrastructure projects in logistics sectors such as roads, railways and ports, generating significant employment. These hubs are meant to enhance manufacturing's contribution to India's overall gross domestic product, they said, declining to be identified.
Cette histoire est tirée de l'édition January 11, 2025 de Hindustan Times Lucknow.
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