We are committed to making a positive impact on the environment and on society. Promoting research and development and climate-friendly businesses are two of our priorities. We are also dedicated to increasing the employment of women in agribusiness and funding projects in less developed areas. We offer special incentives (income tax holidays) to the following business initiatives.
Businesses in less developed areas that are building major infrastructure or facilities that will benefit local communities.
Businesses involved in projects that are energy-efficient, use natural resources and minimize pollution and greenhouse gases. Power generation projects can also benefit from these incentives with the focus on supporting business that are utilizing conventional fuels and natural gas.
This covers businesses engaging in research and development, including clinical and drug trials, and the development of centres of excellence specialising in technical education and training.
New and emerging technologies, especially those that focus on disaster mitigation. Businesses developing programmes that monitor hazards or early-warning technology will receive government-funded R&D support.
Agribusinesses where a large proportion of the employees are women and agribusinesses that increase the productivity of individual farmers and fishermen.
Businesses that focus on labour-saving inventions and the conservation of natural resources, as well as those that promote the use of plant-based health products.