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New incentives to tap Trump's China stance weighed
Mint Chennai
|January 29, 2025
The government is considering offering fiscal incentives to attract fresh investments to harness opportunities emanating from US President Donald Trump's strong anti-China stance and to boost India's growth, including a second version of the 15% concessional corporate tax scheme for specific sectors, people aware of the development said.
The government is considering a proposal on the launch of a modified version of the Taxation Laws (Amendment) Ordinance, 2019 that substantially reduced corporate tax with an intent to attract fresh investment, create jobs and stimulate overall economic growth, they added, requesting anonymity.
While the scheme is still work in progress, it will likely find a mention in the Union budget that will be presented on 1 February, one of them said.
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