Incentives to IT industry




o Blanket exemption from pollution control regulations to all IT software units.

o All new IT units exempted from payment of electricity duty.

o IT units with captive generating sets up to 150 KVA exempted from payment of electricity duty without any time limit.

o All new hardware units exempted from electricity charge for a period of ten years from date of commercial production.

o Up to 50% of the fee paid to recognised certification institutions for an ISO 9000 series certificate reimbursed.

o IT industries exempted from payment of stamp duty on acquisition of property.

o 25% rebate on premium charged for land allocation in Industrial Growth Centres.

o IT units meeting price / quality standards and located within the State (specially small units) preferred in Government purchases.

o Assistance up to 25% of the infrastructure cost, subject to a maximum of Rupees one crore, and interest subsidy at the rate of 5% per annum, subject to a maximum of Rs. 5 lakhs, given for hardware units located outside industrial areas.

o A technology upgradation fund of Rs. 30 crores over the next five years created for hardware units to provide interest subsidy to small and medium scale industries against loans taken from banks or financial institutions.

o An infrastructure support at the rate of 10% of the project cost given to units set up in backward areas.

o Other incentives given to small-scale industries will also apply to IT units.