Uttarakhand Government issues the Information Technology Policy 2016-2025 offering various incentives to ICT & E Industries for Economic Development in the State

Uttarakhand Government issues the Information Technology Policy 2016-2025 offering various incentives to ICT & E Industries for Economic Development in the State

September 6, 2018 IT and ITeS, OPS, Uttarakhand 0

The Department of Information & Technology, State of Uttarakhand (“Department”) has recently issued an Information Technology Policy (“IT Policy”) for the years 2016-2025 with a vision to provide a policy framework for effective infusion and management of Information and Communication Technology & Electronic (“ICT&E”) for achieving  genuine progress of the state in all aspects.

The mission of this policy is to achieve the following:

  • To position State of Uttarakhand as an attractive ICT&E investment destination in India
  • To leverage ICT&E as an engine of growth for Uttarakhand
  • To transform physical communities into connected communities that can help to realize sustainable economic growth and enhance the quality of life

The policy aims to promote ICT&E companies along with electronic products manufacturing entities and entrepreneurs from all over India which seek to invest in Uttarakhand.

Key Highlights:

The Policy provides for incentives for the investors, such as:

  1. Financial incentives under M-SIPS- Incentives of 20% of capex for SEZ based units of Electronic Product Manufacturing Units and 25% of capex plus re imbursement of excise/CVD on capital equipment for non SEZ based units.
  1. Financial Assistance for Greenfield and Brown Field Electronic Manufacturing Clusters (“EMC”) –
  • Greenfield- provide up to 50% of project cost, limit INR 50 crores for every 100 acres of land
  • Brownfield- provide up to 75% of project cost limited to INR 50 crores
  1. Development of EMCs by MSMEs.
  1. Preferential Market Access – Special preference to be provided to Uttarakhand based manufacturers.
  1. Reimbursement of expenses for testing and certification required for export for MSMEs.
  1. Reimbursement of expenses relating to compliance with “Indian Standards for MSMEs”.
  1. Skill development in the electronics sector providing reimbursement of training fees.
  1. Promoting R&D and Announcement of National Awards- Motivating entrepreneurs in electronic industry to make new investments by awarding them.
  1. Fiscal Incentives for “Existing industries”, “New industries” and “Expansion Industries”.
  1. A number of Non-Fiscal incentives are proposed through this policy such as-
  • Continued/ Uninterrupted power supply to Information communication & technology (“ICT”) and Electro static discharge (“ESD”) industries.
  • Lending in ICT and ESDM will be considered a priority sector by state Loaning Financial Institutions.
  • Providing an enabling administration system for obtaining easy clearances and approvals from various Government departments.
  • The Electronics System Design & Manufacturing (ESDM) units will be exempted from various inspections/ certifications from various Acts and Rules administered  by the labour department of the State.

SourceDepartment of Information & Technology, Uttarakhand

Share this:

About the author

Lexplosion:

0 Comments

Would you like to share your thoughts?

Your email address will not be published. Required fields are marked *

Leave a Reply