Karnataka clears incentives to set up medical oxygen plants
The Hindu
The State had experienced a shortage during the second wave of COVID-19
After facing a severe shortage of medical oxygen during the peak days of COVID-19 in 2021, the State Cabinet on July 15 decided to provide incentives, including 25% capital subsidy, for companies to set up medical oxygen plants in Karnataka. At a Cabinet meeting chaired by Chief Minister B.S. Yediyurappa, the government decided to provide 25% capital subsidy on the value of fixed assets, subject to ₹10 crore minimum investment, to set up medical oxygen plants in Karnataka.
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