Insta
Home Ministry Evaluating 41 Investment Proposals For Development Of Lakshadweep, Andaman & Nicobar Islands
Swarajya Staff
Mar 30, 2021, 01:39 PM | Updated 01:39 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
In a big push for investments in the Lakshadweep and Andaman and Nicobar (A&N) Islands, the Union Ministry of Home Affairs (MHA) is vetting 41 proposals of projects from various sectors including road construction, hospitality and industries, reports Economic Times.
The proposed projects for the strategically located Union Territories (UTs) include those from Indian Hotels-owned Taj Exotica, RDS Road Construction, Arun Hospital, Hadwet Resorts, and Andaman Cold Chain and several others.
The proposals are being vetted under the Lakshadweep, Andaman & Nicobar Island Development Scheme (LANIDS) which was launched by the Government in January 2019 to incentivise the setting up of micro, small and medium enterprises (MSMEs) in the UTs.
The scheme designed by the Department for Promotion of Industry and Internal Trade (DPIIT) provides incentives on liabilities accrued up to 25 March 2025 for the units registered till 31 March 2021. These include capital investment, interest subsidy, GST, income-tax reimbursement, transport and employment benefits.
It should be noted that A&N Islands sit at the mouth of the Malacca Straits, which is the world's busiest maritime trade route.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.