4:15 AM
State's IT Investment Policy-2012 amended
A CABINET meeting, chaired by Chief Minister Shivraj Singh Chouhan. here on Monday, approved amendment in Madhya Pradesh IT Investment Policy-2012 and draft of new BPO/BPM Industrial Investment Policy-2014. This initiative has been taken in die backdrop of Global Investors' Summit (GIS) to be held at Indore next month.
Provisions pertaining to exemption/incentives have been amended in Madhya Pradesh IT Investment PoIicy-2012. As per the amendment, actual cost of getting quality certification (ISO-9001 or higher) by IT units functioning in Madhya Pradesh may be reimbursed. Slab of land given on concessional rates as per project's cost has been reduced from 4 to 2. It will be mandatory for electronic hardware manufacturing units to make available jobs to 50 engineers/IT/ITES professionals per acre.According to the amendments. an investor, with permission from appropriate authority, will be able to give to a third party for IT activities some part of building constructed on leased land or space on license basis. New IT companies, setting up their unit costing upto Rs 10 crore. will he entitled to interest subsidy worth Rs 4 lakh per annum and 5 percent subject to maximum 7 years. A new IT company, with upto Rs 10 crore investment, will be entitled to 25 percent capital subsidy for once. New IT companies will be given incentive assistance in 2 categories after adjustment of input lax rebate on VAT and Central Sales Tax.
IT companies will be entitled to 50 percent reimbursement of subsidy on participating in prestigious national/international seminars and exhibitions and actual rent paid for putting up stall there once in a year. This policy will remain in force till 2019 or announcement of a new policy.
New BPO/BPM Industrial Investment Policv-2014 Under new BPO/BPM Industrial Investment Policy-2014. except for a Tew facilities, remaining facilities will be made available as per amended IT Investment Policy-2014.
Posted in: News 2014
0 comments:
Post a Comment