Telangana government offers sops for revival of BILT unit

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Hyderabad | Published: September 5, 2018 6:27:14 PM

The Telangana government Wednesday announced several measures, including subsidies and waiver of penalty on commercial taxes dues, aimed at revival of a pulp unit of Ballarpur Industries Limited (BILT) in the state, shut since 2014.

Telangana government, telangana cm news, telangana news, telangana news today BILTs pulp business operates a facility in Jayashankar Bhupalpally that produces rayon grade pulp for manufacture of viscose staple fibre (VSF) and viscose staple yarn (VSY). (PTI)

The Telangana government Wednesday announced several measures, including subsidies and waiver of penalty on commercial taxes dues, aimed at revival of a pulp unit of Ballarpur Industries Limited (BILT) in the state, shut since 2014.

BILTs pulp business operates a facility in Jayashankar Bhupalpally that produces rayon grade pulp for manufacture of viscose staple fibre (VSF) and viscose staple yarn (VSY).

A government order announcing the incentives said the closure of the unit for the past four years has affected livelihood of its 750 workers and their families and hundreds of others indirectly dependent on it.

The government offered a consolidated subsidy of Rs.21 crore per year for 7 years through Telangana Forest Development Corporation towards supply of pulp wood.

A maximum subsidy of Rs.9 crore per annum for 7 years will be released to the Telangana Power utilities for supply of electricity to the unit. Among other incentives, the order said the penalty on commercial tax dues of the unit would be waived. It also extended an investment subsidy of Rs 12.5 crore toward the company’s proposed Rs 125 crore modification in plant and machinery and other renovation work.

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