New Delhi, Jan 15 (KNN) To promote investment in Jammu & Kashmir (J&K), Centre has given additional incentives to the state that includes employment incentive, transport incentive, reimbursement of central share of CGST and IGST, reimbursement of central share of income tax, said Department of Industrial Policy and Promotion (DIPP) in a tweet.

“Revised Industrial Development Scheme (IDS) for Jammu & Kashmir approved by Government of India and notified on Jan 1, 2019. It comes with 4 more new incentives in addition to 3 incentives provided earlier to the industrial units located in J&K”, DIPP tweeted.

These additional incentives will be applicable for a period of 5 years from the date of commencement of commercial production by the industrial unit & the total benefits under all components will be limited to Rs. 200 Cr. per unit subject to investment in plant & machinery, it added.

Under the transport incentive of the Revised Industrial Development Scheme for J&K, transportation of finished goods through rail from railway station nearest to the location of an industrial unit to the railway station nearest to the location of the buyer will be reimbursed.

Also, transportation of finished goods through IWAI from the port nearest to the location of industrial unit to the port nearest to the location of the buyer is reimbursed, said DIPP.

Transportation of finished goods through the airport nearest to the place of production to any airport within the country, nearest to the location of the buyer will also be reimbursed under the incentive, it added.