Andhra Pradesh to develop mega IT hub at Visakhapatnam. SMES will get 50% reimbursement of exhibition stall rental as market development assistance and recruitment/training assistance at ₹20K per IT professional employed within a period of two years. Here is your online HUB: Find service providers and access offers and promotions. Connect with screened service providers, read news about various services, access offers and promotions on various services ift.tt/1s1PVlU News in details: This was envisaged in the IT policy 2014-2020 approved by the state cabinet Friday at its meeting, chaired by Chief Minister N. Chandrababu Naidu, AP, India. The cabinet also decided to develop metro rail project in the coastal city. IT Minister P. Raghunath Reddy said IT hubs would be created at Vijayawada, Kakinada, Tirupati and Anantapur with walk to work and cycle to work concepts. Describing it as the most progressive and investor-friendly policy, he said it would focus on enhancement of quality technical education with updation of syllabus in the technical institutes to meet the industry standards. Describing mega projects as those which can create employment of 5,000 or more in five years, the policy offered a rebate on the cost of the land to them at ₹60K per employee. Other IT projects will get a rebate of ₹40K per employee. Those setting up operations in leased premises will get rental subsidy of ₹10 per square foot per month for three years. The IT industry has also been exempted from statutory power cuts. All IT industrial areas/ IT layouts/zones/corridors including electronic manufacturing clusters and ITIR delinated processing areas will be declared as Industrial Area Local Authority (IALA). An empowered mission for electronics and IT promotion would be established to give fillip to the sector. Micro, small and medium enterprises (MSMEs) will get power subsidy of 25% while SC/ST and women entrepreneurs will get 50% subsidy. Source: greatandhra ift.tt/1nhx5jb #AndhraPrades #india #IT #technology #SME #smallbusiness #Visakhapatnam
Posted on: Sun, 03 Aug 2014 15:35:38 +0000