Gökhan Yücel, Head of the Communications Department of the Presidential Investment Office, stated that within the scope of the ‘HIT-30: High Technology Investment Program’, the details of which were recently shared by President Tayyip Erdoğan, the circular regarding the 4-year reform process exceeding 20 billion dollars was published in the Official Gazette.
International Direct Investment Strategy became official
As you may remember, President Recep Tayyip Erdoğan announced the ‘HIT-30: High Technology Investment Program’ at a special meeting held at Atatürk Cultural Center.
Referring to an investment contract worth more than 1 billion dollars with BYD with the goal of a fully independent Turkey, Erdoğan announced that they aim to make the Turkey Century the ‘Century of Investment’ and that they plan to attract investments that are based on high technology and provide qualified employment to our country with the strategy plan covering the years 2024-2028. .
The reform program, which will offer up to 30 percent capital contribution, up to 10 percent grant support and up to 80 percent tax incentives with the chip production incentive package for the next 5 years, also heralded that we will enter an important process for battery production. Accordingly, it was officially announced that with the incentive package aiming to increase the battery production capacity to at least 1 million units annually, grant support of 6 thousand dollars per Megawatt hour, totaling 4.5 billion dollars, would be provided.
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