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Rajasthan govt to develop state as aerospace & defence manufacturing hub
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Mangalorean.com
Rajasthan govt to develop state as aerospace & defence manufacturing hubJaipur: The Rajasthan government has introduced a new Aerospace and Defence Policy, aiming to develop the state as a major hub for aerospace and defence manufacturing.
Along with agriculture, energy, education, health, infrastructure, and industry, aerospace and defence manufacturing has now been accorded priority.
The new policy seeks to strengthen Rajasthan’s role in the country’s aerospace and defence manufacturing and services ecosystem.
Eligible aerospace and defence units established in Aerospace and Defence parks will receive 75 per cent reimbursement of state taxes for seven years as an asset creation incentive.
The state government believes the new Aerospace and Defence Policy will position Rajasthan as a key contributor to India’s defence manufacturing capabilities while driving industrial growth and employment in the state.