Bengaluru: Having understood the importance of oxygen during the second wave of COVID-19 pandemic, the State Government has announced a scheme that will provide special incentives for medical oxygen manufacturing units in the State.
Briefing reporters after the Cabinet meeting held at Vidhana Soudha here on Thursday, Law and Parliamentary Affairs Minister Basavaraj Bommai said that the scheme which will give a 25 percent capital subsidy on the value of fixed assets, subject to Rs. 10 crore minimum investment to set up medical oxygen plants. There will be a 100 percent exemption from electricity duty for three years after commencement of commercial production, additional power tariff subsidy of Rs. 1,000 per metric tonne on supply to the Government.
