New Delhi: The Uttar Pradesh (UP) government has made new provisions in its electric vehicle (EV) policy in a bid to promote the manufacturing of battery-powered automobiles in the state. CM Yogi Adityanath has announced that his government will provide subsidies and incentives to those investing in skill development of employees in EV manufacturing units.
The subsidy will be provided to companies investing in EV manufacturing in the state. As per details shared in an official statement, a one-time subsidy of Rs 5,000 per employee per year will be provided to a maximum of 50 employees in the form of reimbursement of stipend for all defined manufacturing projects.
Under this provision, a subsidy will also be paid for training a maximum of 10 employees in a particular year, it said.
“This incentive will be applicable only to those employees who are employed in the applicant manufacturing unit for a period of 12 months prior to joining the training programme.” The release also mentioned “to be eligible for this subsidy, this training program should be certified by National Skill Development Corporation or Uttar Pradesh Skill Development Mission or any Central/State University/College or ITI/Polytechnic”.
Further, it said all incentive benefits will be provided only after the commencement of commercial production as per the provision made in the EV policy. “The aggregate of all financial incentives for manufacturing projects should not exceed 100 per cent of the fixed capital investment,” it said.
