The government is preparing a series of fiscal incentives to promote the development of green industry in the nature-rich resource country, an industry official says.
The fiscal incentives would, among other things, provide a tax allowance to firms that adopted an ecofriendly approach in their industrial activities, Industry Minister MS Hidayat said on Tuesday in Jakarta.
So-called “green industries” apply various ecofriendly measures such as clean production, energy conservation, resource efficiency, and adopt eco-design and low carbon technology.
“The Industry Ministry is in discussions with the Environment Ministry to outline the criteria that industries would have to fulfill to get the incentives,” Hidayat told reporters at his office.
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