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Rajasthan govt announces special package for oxygen production plants

To get the advantage of the package, an investment of ₹1 crore will be required and the plant will have to generate oxygen by September 30, 2021.

Published on: Apr 30, 2021 03:49 PM IST
ANI | Jaipur
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To prevent high number of casualties from Covid-19, Rajasthan Chief Minister Ashok Gehlot on Thursday announced a special package for the setting up of medical oxygen production plants with various incentives and facilities.

The state government will also help in getting necessary approvals from the central government, and an early connection of electricity and water will be provided. (PTI file photo for representation)
The state government will also help in getting necessary approvals from the central government, and an early connection of electricity and water will be provided. (PTI file photo for representation)

According to the official release, the decision is aimed to overcome the medical oxygen shortage caused by the Covid-19 epidemic in the state.

To get the advantage of the package, an investment of 1 crore will be required and the plant will have to generate oxygen by September 30, 2021.

"Under the package, these entrepreneurs will be exempted from the regulatory approvals and inspections for three years as per the provisions of the MSME Act, 2019," the release reads.

The state government will also help in getting necessary approvals from the central government, and an early connection of electricity and water will be provided.

"Similarly, up to 25 percent of the expenditure on plant, machinery and other equipment (maximum 50 lakhs) will be given in two installments as a capital grant," it added.

 
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