The Chhattisgarh cabinet on Tuesday approved a special incentive package for ‘Electric Vehicle and Lithium Ion Batteries Sector’ under the Industrial Policy 2019-24.
A cabinet meeting chaired by Chief Minister Bhupesh Baghel decided to approve the special incentive for electric vehicles and production of batteries as it would encourage establishment of large, mega and ultra-mega industries in the state.
It was decided to give a special investment incentive package for the ‘Jute Bag Manufacturing Project’ in view of the requirement of a large quantity of jute bags in paddy procurement.
To promote entrepreneurship among other backward classes, the cabinet approved the draft of amendment in the Industrial Policy, where 10 percent plots will be reserved in industrial areas for the people belonging to the OBC section.
