Relaxation of incentive conditions for manufacturing and services projects approved by MIDA

Companies that have been granted incentives are required to comply with certain conditions and implement their approved projects within a stipulated timeframe, as outlined in the approval letters issued by MIDA. The conditions could include a minimum amount of investment in fixed assets, incurring minimum amounts of research and development expenditure, hiring employees with certain levels of qualifications, partnering with local businesses and educational institutions, and others.