Gujarat Govt’s new IT policy aims to create 1 mn new jobs

Gujarat Government announced a new IT Policy and Incentive Scheme (2016-21), aiming to promote the sector by providing subsidies to investors and create 10 lakh new jobs.

• Under the policy, the state Government would provide capital subsidy of a total of Rs. 25 crore to investors and incentives as discounts in stamp duty on land/office transactions, registration fees, power tariff and VAT to those setting up units and the IT parks.
• It also lays emphasis on setting up R&D institutions, finishing schools and provides incentives to units as well as IT industry organizations for participation in international trade fairs.

To link incentives with employment creation for the youths, the policy provides that units availing assistance under the IT policy will be required to take interns at a rate of minimum one intern for every 20 employees.