NEW DELHI: LML Realty, the real estate division of the LML brand, is set to invest ₹150 crore to launch its inaugural industrial park project in Firozpur Jhirka, Haryana.
The initiative has received approval under the state government’s Promoting Access and Development of MSME Advancement (PADMA) scheme.
Covering 35 acres, the LML industrial park will feature ready-to-use plug-and-play units, an exhibition and display center, as well as on-site R&D and testing facilities.
The PADMA Scheme provides a comprehensive package of incentives for MSMEs establishing operations in the park. This includes benefits of up to ₹2 crore per unit, 75% SGST refunds for the first seven years, up to ₹30 lakh in capital subsidy, 100% electricity duty exemption for 12 years, and assistance in branding, technology, and R&D worth up to ₹50 lakh.
