BBIA Seeks Extension Of NCSS-2021 Fiscal Incentives Beyond March 2026
WAREHOUSING & LOGISTICS

BBIA Seeks Extension Of NCSS-2021 Fiscal Incentives Beyond March 2026

The Bengaluru Business and Industry Association (BBIA) has sought an extension of fiscal incentives under the National Credit Support Scheme (NCSS-2021) beyond March 2026, warning that the current sunset will disrupt ongoing investment plans. The petition sets out that beneficiaries include micro, small and medium enterprises that have delayed claims owing to project timelines and regulatory clearances. The association emphasised that uninterrupted support is necessary to sustain momentum in industrial expansion.

BBIA outlined that many projects remain in implementation phases and that investors calibrated their plans on the expectation of continuous incentives. The submission argued that abrupt withdrawal of benefits would affect capital expenditure schedules and stall supply chain modernisation across manufacturing and services. Industry representatives highlighted the need for policy predictability to attract further domestic and foreign investment.

The association indicated that extension would help preserve existing jobs and enable planned job creation in ancillary sectors, thereby supporting regional economic stability. BBIA noted that smaller firms face higher financing costs and that incentives act as a lever to reduce fiscal hurdles during ramp up. The note suggested that continuity of support would aid long term competitiveness of local firms in national and export markets.

BBIA proposed that policymakers engage with industry stakeholders to determine an appropriate timeframe for extension and to design clear eligibility criteria that prevent misuse. The association favoured targeted measures that align incentives with demonstrable investment milestones and employment outcomes. These proposals aim to balance fiscal prudence with the need to catalyse industrial growth.

BBIA said it will continue consultations with government departments and regulatory agencies to finalise technical modalities and urged a timely decision to avoid uncertainty for firms undertaking capital projects. The association stated that coherent policy signals are essential to sustain investor confidence and to support the broader economic recovery.

The Bengaluru Business and Industry Association (BBIA) has sought an extension of fiscal incentives under the National Credit Support Scheme (NCSS-2021) beyond March 2026, warning that the current sunset will disrupt ongoing investment plans. The petition sets out that beneficiaries include micro, small and medium enterprises that have delayed claims owing to project timelines and regulatory clearances. The association emphasised that uninterrupted support is necessary to sustain momentum in industrial expansion. BBIA outlined that many projects remain in implementation phases and that investors calibrated their plans on the expectation of continuous incentives. The submission argued that abrupt withdrawal of benefits would affect capital expenditure schedules and stall supply chain modernisation across manufacturing and services. Industry representatives highlighted the need for policy predictability to attract further domestic and foreign investment. The association indicated that extension would help preserve existing jobs and enable planned job creation in ancillary sectors, thereby supporting regional economic stability. BBIA noted that smaller firms face higher financing costs and that incentives act as a lever to reduce fiscal hurdles during ramp up. The note suggested that continuity of support would aid long term competitiveness of local firms in national and export markets. BBIA proposed that policymakers engage with industry stakeholders to determine an appropriate timeframe for extension and to design clear eligibility criteria that prevent misuse. The association favoured targeted measures that align incentives with demonstrable investment milestones and employment outcomes. These proposals aim to balance fiscal prudence with the need to catalyse industrial growth. BBIA said it will continue consultations with government departments and regulatory agencies to finalise technical modalities and urged a timely decision to avoid uncertainty for firms undertaking capital projects. The association stated that coherent policy signals are essential to sustain investor confidence and to support the broader economic recovery.

Next Story
Infrastructure Transport

Sector 51-52 Metro skywalk in Noida remains shut despite being ready for over a year

Thousands of commuters travelling between Delhi Metro Rail Corporation’s (DMRC) Sector 52 station and Noida Metro Rail Corporation’s (NMRC) Sector 51 station continue to face daily inconvenience as the 300-metre air-conditioned skywalk connecting the two stations remains closed, despite being completed over a year ago, according to a report.The Noida Metro Rail Corporation built the foot overbridge to enable a seamless interchange between the Delhi Metro and Noida Metro networks. However, pending finishing work and a structural obstruction have delayed its opening.Krishna Karunesh, Chief E..

Next Story
Infrastructure Transport

Maharashtra clears Metro Line 5A, expansion of Mumbai Metro Line 5

The Maharashtra government has approved the expansion of Mumbai Metro Line 5 along with a new integrated corridor, Metro Line 5A, forming a combined 34.2-km metro network across the Thane-Bhiwandi-Kalyan-Ulhasnagar belt. The integrated project has been cleared at an estimated cost of ₹18,130.55 crore, according to a government resolution (GR).Metro Line 5 was originally approved in October 2017 as a 24.9-km fully elevated corridor with 17 stations connecting Thane, Bhiwandi and Kalyan, with an initial project cost of ₹8,416.51 crore. The corridor is being developed in two phases.The first ..

Next Story
Infrastructure Transport

Bengaluru Metro expansion seen driving office demand

Bengaluru’s expanding metro network is expected to emerge as a major catalyst for real estate growth, with the Yellow and Pink Lines likely to boost both office demand and residential prices across key micro-markets, according to a report by Colliers India.The report estimates that over the next two years, Bengaluru could witness an additional 5–7 million sq ft of Grade A office space demand across the Central Business District (CBD), Secondary Business District (SBD) and Electronic City. Improved metro connectivity and reduced commute times are expected to drive higher occupier interest a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement