FMCGs rush to set up units in Assam

Firms have invested nearly Rs 3,000 crore in past few months to build new plants

Viveat Susan Pinto  |  Mumbai 

Besides the rush to close their books of accounts for 2016-17, March saw fast-moving consumer goods (FMCG) companies move with haste on another front. The rush was to set up manufacturing units in Assam to avail of fiscal benefits before the deadline of March 31 lapsed. At a time when the concept of tax havens is set to vanish following the implementation of the goods and services tax (GST) by July, the rush, say experts, was reminiscent of a similar one earlier to Himachal Pradesh and Uttarakhand, which were offering sops to woo industry.  While the financial ...

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FMCGs rush to set up units in Assam

Firms have invested nearly Rs 3,000 crore in past few months to build new plants

Firms have invested nearly Rs 3,000 crore in past few months to build new plants Besides the rush to close their books of accounts for 2016-17, March saw fast-moving consumer goods (FMCG) companies move with haste on another front. The rush was to set up manufacturing units in Assam to avail of fiscal benefits before the deadline of March 31 lapsed. At a time when the concept of tax havens is set to vanish following the implementation of the goods and services tax (GST) by July, the rush, say experts, was reminiscent of a similar one earlier to Himachal Pradesh and Uttarakhand, which were offering sops to woo industry.  While the financial ... image
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