Gujarat’s IT and ITeS Policy : A Robust Framework for Sector Growth

Last Updated on: 3rd September 2024, 05:01 pm

Gujarat’s IT and ITeS incentive policy, in effect until 2027, is pivotal in driving the sector forward. Here’s what you need to know:

𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 & 𝐒𝐤𝐢𝐥𝐥𝐬: A commitment to enhancing IT infrastructure and skill development, with incentives for ICT courses.

𝐄𝐱𝐩𝐚𝐧𝐝𝐞𝐝 𝐅𝐢𝐬𝐜𝐚𝐥 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬:

𝐂𝐀𝐏𝐄𝐗 𝐁𝐨𝐨𝐬𝐭: 25% one-time support on eligible CAPEX, up to ₹20 crores for large projects, ₹5 crores for smaller ones.

𝐎𝐏𝐄𝐗 𝐒𝐮𝐩𝐩𝐨𝐫𝐭: 15% aid on eligible OPEX, with caps of ₹4 crores for larger projects and ₹2 crores for smaller projects, over five years.
Employment Generation: Incentives for job creation, focusing on gender inclusivity.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞: Subsidy on term loans to reduce financial strain, subject to conditions.

𝐄𝐏𝐅 𝐑𝐞𝐢𝐦𝐛𝐮𝐫𝐬𝐞𝐦𝐞𝐧𝐭: Provident fund contributions reimbursed to encourage employment, with greater benefits for female employees.

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐢𝐭𝐲 𝐃𝐮𝐭𝐲: Eligibility to claim the entire amount of electricity duty paid for five years.

𝐈𝐓 𝐂𝐢𝐭𝐲/𝐓𝐨𝐰𝐧𝐬𝐡𝐢𝐩 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬: Support for developing IT cities and townships, including CAPEX and OPEX assistance.

𝐅𝐚𝐜𝐢𝐥𝐢𝐭𝐚𝐭𝐢𝐧𝐠 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞: Subsidies for infrastructure like rentals on a per-seat basis for the first few years.

𝐂𝐥𝐨𝐮𝐝 𝐄𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦 𝐒𝐮𝐩𝐩𝐨𝐫𝐭: Financial aid for building network hardware and related civil works.

𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐫𝐞 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐬: One-time support for eligible CAPEX in data centre development.

This policy is a testament to Gujarat’s vision of becoming a tech powerhouse.