Ministry of Industry and Technology Launches Local Development Initiative: 301 Million TL Support and Tax Reductions

Strengthening Local Production Infrastructure Minister of Industry and Technology Mehmet Fatih Kacır has announced the details of the Local Development Initiative Program, which aims to increase Turkey's local production capacity and transform the economic potential of provinces into value-added investments.
The program, covering all 81 provinces, introduces significant incentives for 324 designated investment areas.
Incentives and Financial Support for Investors Under the program, each investment project is eligible for up to 301 million TL in cash support.
In addition to financial aid, investors will be offered tax reduction advantages of up to 50% of the total investment amount.
Minister Kacır emphasized the goal of realizing the local development vision through sustainable and concrete projects.
Application Timeline and Process Applications for the Local Development Initiative Program are scheduled to begin on March 2, 2026, and will continue until May 15, 2026.
Investors can access the call text, application guide, and further details through the program's official website.