States Update: May 25, 2021

By Neelima Jain
Posted on May 25, 2021

Big News: Andhra Pradesh announces its budget for the financial year 2021-22; Uttar Pradesh, Andhra Pradesh, and Assam offer incentives to encourage medical oxygen production; Haryana issues guidelines for the development of solar parks; and more.

Industrial Policy & Business Regulations

Andhra Pradesh announces its budget for the financial year 2021-22. The budget estimates the state’s total receipt and expenditure at $24.23 billion and $31.35 billion, respectively. Source: Business Today; In detail: Budget Speech

Andhra Pradesh announces its policy to encourage the setting up of medical oxygen production plants within the state. The policy includes a 30 percent capital subsidy for new manufacturing units and a rebate on electricity tariff. Source: The Week; In detail: Policy

Uttar Pradesh announces a policy to encourage the setting up of medical oxygen production plants within the state. The policy includes varying levels of capital subsidy and stamp duty exemptions for new manufacturing units. Source: Economic Times; In detail: Uttar Pradesh Oxygen Production Promotion Scheme 2021

Uttar Pradesh (UP) announces a scheme to encourage the manufacturing of Covid-19 related medical equipment in the state. The scheme includes a capital subsidy of 25 percent or $1.37 million, whichever is lower, to those establishing a manufacturing plant. Source: Indian Express; In detail: Government of UP’s Tweet

Assam allows free electricity to new and restored medical oxygen production plants within the state. Source: Times of India; In detail: Chief Minister’s Tweet

Land Acquisition & Labor Regulations