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More funds for infrstructure
by subham on Feb 04, 2010 01:16 PM

Hon'ble FM,

You can go forward to further reduction in import tax. This reduction in tax should be in lieu of construction of infrastructures like metalled roads, cold storage,industrial sheds et cetera by foreign companies.In this way,you not only integrate the development of MNC sectors as well as domestic industries but also bring new technologies in the construction of rural infrastructure. this option can be implemented in SEZs where foreign production units are exempted from tax for initial 5 years.

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