The correct answer is: b) Tourism.
Tourism is a major economic sector in Manipur, and the government has been working to promote it in recent years. In 2017, the government launched a new tourism policy that aims to increase tourist arrivals to the state by 20% annually. The policy includes a number of measures to improve the tourism infrastructure, such as building new hotels and resorts, and developing new tourist attractions.
The government has also been offering tax incentives to businesses that invest in the tourism sector. These incentives include a reduction in corporate tax rates, and a waiver of import duties on equipment and materials used in tourism projects.
The tourism sector has the potential to create a significant number of jobs in Manipur. In 2017, the sector employed an estimated 100,000 people. The government expects that the number of jobs created by the sector will increase to 200,000 by 2020.
The tourism sector is also expected to generate significant revenue for the government. In 2017, the sector generated an estimated â¹10 billion in revenue. The government expects that the revenue generated by the sector will increase to â¹20 billion by 2020.
The government’s efforts to promote tourism have been successful in recent years. In 2017, the number of tourist arrivals to Manipur increased by 15%. The government expects that the number of tourist arrivals will continue to increase in the coming years.
The following are some of the reasons why tourism is a good sector to target for tax incentives in Manipur:
- Tourism is a major economic sector in Manipur, and the government has been working to promote it in recent years.
- The tourism sector has the potential to create a significant number of jobs in Manipur.
- The tourism sector is also expected to generate significant revenue for the government.
- The government’s efforts to promote tourism have been successful in recent years.