Sunday, October 20, 2013

Setting Up Infrastructure

Setting Up Infrastructure
A new business enterprise after deciding upon the location of the industry, needs to set up the basic infrastructural facilities for commencing its operations. It includes, purchasing the land for the construction of the industry. The site must be well connected to the nearest transport network i.e. rail, road or port. Besides, the availability of the basic amenities like, water, power supply is equally essential. Also, setting up of a good telecom facility for the industry is necessary for the growth and expansion of the business.
The State Government offers incentives like land and building tax concessions, providing land at cheaper rates through the State Government Agencies to new and existing entrepreneurs. It also offers concessions in water tariff, power subsidy, subsidy on generating sets, transport subsidy, incentive for pollution control and quality equipment depending on the location, size of investment and category of the industry.
After all these requirements are met the commercial production of the product can commence.

Business

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