Investment Promotion Scheme (IPS) 2022- for Thrust Sectors: Scheme For Vaccine Manufacturing Units

The scheme “ Scheme For Vaccine Manufacturing Units” is a sub scheme under the “Investment Promotion Scheme (IPS)- 2022” for Thrust Sectors. It was launched on 07th May 2022 for a period of five years by the Dept. of Industries, U.T. Administration Of Dadra & Nagar Haveli And Daman & Diu. > Objective of the "Investment Promotion Scheme (IPS)- 2022”: - The scheme envisages to provide incentives and assistance to the MSME Sector in order to nurture them and protect them from market vagaries thereby making them vibrant and successful. - The Scheme intends to provide impetus for the identified Thrust sectors such as Furniture, Marble, IT & ITeS , Electric Vehicles & Spare Parts, Toys and Semi-Conductor Industries Sector, Medical Equipment and Accessories, Medical diagnostics and AYUSH Products, Vaccine Manufacturing units, Food Processing, Marine Products thereby making the U.T as a hub of manufacturing of these Products. - To double the value of Export of the Processed Products as well as to make the U.T, a center for these identified export products. - To incentivize industry to take up environment protection measures for judicious use of scarce resources and as well as to ensure inter generational equity. - To reduce unemployment among the local residents and incentivize the industries to employ resident laborers. - To maximize Women participation in the business sector by providing incentives. - To encourage first generation Entrepreneurs and support them in their entrepreneurial endeavor. - To hone the Entrepreneurship skills of the youth of the Territory and create a skillful workforce. - To provide further fillip to the specialized Textile sector such as Technical textiles, Fabrics, Carpets, Garments, Apparels and Industries Manufacturing Textile Machinery, Medical Fabrics, therefore making the U.T. a Special Hub for Technical Textiles. - To promote innovation in Industrial sector by encouraging industry to involve themselves in Research & Development (R&D) works and to obtain Patents both, National and International Level. Objective of the " Scheme For Vaccine Manufacturing Units" Sub-scheme: Under this scheme, Credit-Linked Interest Subsidy and Capital Subsidy shall be provided to Vaccine Manufacturing Units.