Govt. doles out incentives for Great Mall

By Our Staff Reporter

HYDERABAD, OCT. 11. The Government will offer incentives of 4 per cent sales tax on colour TVs and a one-time 2 per cent on lifetime tax on all new motor vehicles purchased at the Great Mall of Hyderabad - scheduled to commence here at the National Academy of Construction on October 13.

This decision was taken at a review meeting chaired by the Chief Minister, Mr. N. Chandrababu Naidu, here on Thursday. According to a press release from the Chief Minister's Office, the incentives would be reimbursed to the Transport and Commercial Taxes departments by the Government through the Tourism Department which is organising the shopping festival.

Following the announcement, more manufacturers and distributors were expected to participate. About 140 corporate companies from the country and abroad have confirmed participation. The Chief Minister made it clear that the incentives were being provided to benefit the consumers directly, to develop tourism and project Hyderabad as an international shopping centre.

According to the event managers, nearly 30 lakh people are expected to visit the Academy for the shopping extravaganza. A disco is also coming up at the Academy. Officials of the Tourism Department briefed the Chief Minister about the arrangements, including setting up of transformers for 2,400 kv power supply.

The Seri Lingampally Municipality has made arrangements for parking. Streetlights from Guttala Begumpet to the Academy have been installed while provision for drinking water, telephones and fire services have also been made. The APSRTC will run 50 special buses painted with the festival logo while the South Central Railway is to run a special train from Falaknuma to Hafizpet -- it will make eight trips a day.

The Ministers -- Messrs. T. Devender Goud, E. Peddi Reddy and Laxmi Padmavathi -- the Tourism Secretary, Ms. Chandana Khan, the Finance Secretary, Mrs. Preeti Sudan, the Commissioner of Commercial Taxes, Mr. Ramesh Kumar, the Ranga Reddy Collector, Mr. Ajay Jain, and police officials attended.

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