The GOG Under the IT/ITes policy 2016-2021 provide various incentives to IT/ITes firms operating out of GIFT SEZ. The incentives would help entities to reduce the operating cost significantly.
The entities would require the approval of development commissioner of the SEZ zone. The process for the application is mentioned at setting up tab. (redirect the user to setting up in new tab.)
Opportunities for IT/ITeS Companies in GIFT SEZ Area
- Setting up R&D facilities of various IT companies
- Setting up units in the field of BPO, KPO
- Setting up operations of E-Commerce companies
- Setting up Vertical IT/ITeS Parks
- Web / Digital Content Development / ERP / Software and Application Development
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SR No.
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Policy
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Remarks
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Beneficiary
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|---|
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1
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Stamp Duty & Registration/Conversion fee exemption
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Developers & Units
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2
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Construction Subsidy of Rs.300 per sq ft of BUA for Vertical IT/Ites Parks
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Min 1 lac sq ft of saleable area & 70% of a is allotted to at least 3 IT/Iles companies
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Developers
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| Construction Subsidy of Rs.300 per sq ft of BUA for Vertical IT/Ites Parks |
70% occupancy by IT/ITes companies with min 3 different companies |
| |
Construction Subsidy of Rs.300 per sqft of BUA for Vertical IT/Ites Parks
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Min 3000 seater with 60% employment within 5 years
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Units
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3
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Reimbursement of Electricity duty and Rs. 1 subsidy on tariff
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Developers &Units
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4
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Reimbursement of PF contribution by Employer
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100% of EPF amount paid in case of female employees
75% of EPF an1ount paid in case of maleemployees
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Units
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| 5 |
VAT Reimbursement for 8 years
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Limit :upto 90% of Gross Fixed Capital lnvestment
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Units
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6
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Lease Rental Subsidy as below:
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Consideration of 50 sq ft per employee
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Units
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up to 20 employee - Rs.8 per sq ft
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20-100 employee - Rs.5 per sq ft
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Above 100 employee - Rs. 3 per sq ft
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7
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Capital Subsidy for Hardware, Pietworking & related hardware
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Up to 1 Cr. |
Units |
| 8 |
Support to R&D Institutions |
Assistance up to 60% of the project cost, excluding land, subject to a maximum of Rs 50 lakhs. |
R&D Institutions |
| 9 |
Market Development support |
At the rate of 50% of expenditure towards Creation of stall and on rented space |
IT/ITeS MSME |
| 10 |
Patent Assistance |
At the rate of 50%, subject to a ceiling of Rs.2 lakhs per patent for domestic patents nd Rs.5 laklis per patent for international Patents |
Units |