The Karnataka government on Friday extended tax concessions of up to Rs 80 crore (Rs 800 million) for a three-year period to Toyota Kirloskar, which is expanding its manufacturing facility at Bidadi on city outskirts.
Toyota Kirloskar, as part of its expansion plans to set up a small and compact car manufacturing unit, would invest about Rs 3,200 crore (Rs 32 billion), creating 2,000 jobs, home minister V S Acharya told reporters after a Cabinet briefing.
The firm, which already has a manufacturing facility, will get exemption from entry tax and other benefits for its expanded unit, he said.
