AGARTALA, June 27 (TIWN): Tripura government has revised its industrial policy, expanding its subsidy and incentive packages to attract small, medium and large industries.

The modified scheme has introduced a variety of capital investment subsidies and exemption from State Goods and Services Tax (SGST). It has also introduced a new 10 percent transport and export promotion subsidy and increased support on bank loans from four to five percent.

The state government will now pay the employees’ share of the Employees Provident Fund (EPF) in the newly set up industries.

Capital investment subsidy at 30 percent on fixed capital investment subject to a ceiling of INR 60 Lakhs (US$86,742) per enterprises. 15 percent procurement preference to local· industrial enterprises subject to 20 percent value addition. 25 percent reimbursement of power charges for five years, maximum INR 12 lakhs (US$17,348) per year; a report said.