In a bid to attract big players to invest in the state government’s green energy endeavour, the Industries Department is chalking out the modalities of financial incentives.
With the state offering little in terms of incentives to lure the new investors, it is an arduous task to fetch investment. Moreover, the state lacks raw material as well as markets to sell the finished goods. The logistics incurred on transporting both is a dissuading factor to an investor as it made their product uncompetitive in the market.
“Since the existing industrial policy offers little financial gain to new investors, we are working on providing a viable option to the ones investing in green energy such as cheaper land and power.
