The State Government of Tamil Nadu on 13th May 2021 has decided to grant 30% capital subsidy as an incentive package to industrial units that invest in manufacturing oxygen concentrators, oxygen cylinders and medical oxygen in the state.
In order to strengthen the health system in the state, increase oxygen production and reserves, find critical gaps and take action, take measures on logistical transport, etc, it has been decided to sanction special incentives to the internal industry units.
The Capital subsidy will be granted for a period of 5 years and the production should have commenced before 15th August 2021.
Further the investments made from 1st January to 31st August 2021 will also be considered under this scheme.
