India Considers Reintroducing Concessional Tax Scheme for Manufacturing Units at 18%

The Indian government is reportedly planning to reintroduce a concessional tax scheme for new manufacturing units, setting the tax rate at 18%, compared to the earlier 15%, according to sources cited by CNBC-TV18. This move aims to encourage investments in the manufacturing sector while balancing revenue considerations.

The reintroduction of the scheme reflects the government’s commitment to boosting domestic production capabilities and aligning with its "Make in India" and "Atmanirbhar Bharat" initiatives. If implemented, the scheme could significantly enhance industrial growth and attract foreign investments.

Source: CNBC-TV18 citing government sources.