Tax holiday to Himachal Pradesh

for Ministry of Finance | Date - 21-08-2007


RAJYA SABHA

            Minister of State in the Ministry of Finance, Shri S.S. Palanimanickam while replying to a question raised by Shri Naresh Gujaral in Rajya Sabha today informed that since 2002 the Central Government have extended tax holiday to the State of Himachal Pradesh, Uttrakhand and Jammu and Kashmir.   While income-tax concessions have been continuously provided to the State of Jammu and Kashmir and Himachal Pradesh since 1.4.1993, the tax concession was extended to the State of Uttarakhand w.e.f. 7.1.2003.

            The quantum of fresh investments made and employment generated in these States are as under:

            Jammu & Kashmir (14.6.2002 to 31.3.2007)

            Investment-Rs.3403.47 crore

            Employment generated-72,209

            Himachal Pradesh (7.1.2003 to 31.3.2007)

            Investment-Rs.2053.24 crore

            Employment generated-37,893

            Uttrakhand (7.1.2003 to 30.6.2006)

            Investment-Rs.19035.88 crore

            Employment generated-1,40,972

            The figures for the State of Punjab are not available with the Government.

BSC/RP/GN-372/07


(Release ID :30239)

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