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IT in Gujarat to get Rs 46,000-cr boost

Giving a major boost to the Information Technology industry in the state,the Gujarat government,on Monday...

Written by Express News Service | Ahmedabad | Published: January 13, 2009 1:30:41 am

Giving a major boost to the Information Technology (IT) industry in the state,the Gujarat government,on Monday,signed 19 Memoranda of Understanding (MoU) worth Rs 46,007 crore relating to the sector on the sidelines of VGGIS 2009. Raj Kumar,Secretary,Department of Science and Technology,said,”The sectors included are semi-conductors,telecom,SEZs and IT/ITES.”

At the sector specific seminar on IT industry,the government today highlighted the objective of promoting and developing employment opportunities to the tune of 2,00,000 jobs in the next five years.

Measures to develop IT/ITES sector in Gujarat
* Financial assistance @ 50 per cent of fixed capital investment in IT park’s land; buildings and infrastructure facilities up to a maximum of Rs 250 lakh
* Exemption from payment of Stamp duty @ 50 per cent to IT/ITES units in the park
* Exemption from Electricity duty to captive power units set up by eligible IT/New IT & ITES units
* Consideration of IT/ITES units for exemption from power cuts
* Permission for more than the permissible Floor Space Index (FSI) to IT parks subject to payment of premium of such additional FSI at market rate
* Gujarat IT Venture Fund under the Gujarat Venture Finance Ltd Ahmedabad for financing IT projects
* Provision of self certification under Labour laws
* Promotion of Mega IT projects on case-to-case basis
* Waiver of ‘no objection certificate’ from Gujarat Pollution Control Board
* Permission to have 24/7 operations and women to work at night

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