Puducherry Law Minister Advocates Revival of Capital Investment Subsidy to Boost Industry

Puducherry Law Minister K Lakshminarayanan emphasized the revival of the capital investment subsidy to boost industrial enterprises at the Seventh GST Day celebration. The Minister highlighted the government's commitment to ease tax processes and plans to introduce legislation to facilitate business operations in the Union Territory.

Puducherry Law Minister K Lakshminarayanan underscored the territorial government's commitment to reviving the capital investment subsidy, aiming to bolster industrial enterprises. He made these remarks while distributing awards to traders and entrepreneurs during the Seventh GST Day celebrations organized by the Central Excise and Central GST Commissionerate.

Lakshminarayanan noted that the capital investment subsidy had been effective in the past, and there are plans to reintroduce it. He assured that there was no harassment of taxpayers in the Union Territory and highlighted that business activity is on the rise, resulting in increased revenue. Additionally, the minister mentioned a forthcoming proposal to legislate 'ease of doing business' in Puducherry.

Key officials, including Chief Secretary Sharat Chauhan, State GST Commissioner Mohammad Mansoor, and Commissioner of GST and Central Excise N. Padmasri, also addressed the gathering, supporting the government's business-friendly initiatives.

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