5% cash subsidy ensures overwhelming order booking for machine manufacturers at Plastindia 2015

18-Feb-15

Cash subsidy offered by Government of Gujarat for purchase of machinery has ensured overwhelming response for machine manufacturers at Plastindia. Rebates spurred enquiries to the tune of hundreds of crore during the six day show. The state government offered a rebate of 5% on purchase of machinery from Gujarat-based companies participating at the 9th International Plastics Exhibition and Conference (Plastindia 2015). Also, a 3% rebate was offered on purchase of machinery from companies outside the state, during the exhibition period.