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Incentives for ICT Industries

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Incentives for ICT Industries

Incentives as per ICT Policy 2014

Following incentives have been declared in State ICT Policy 2014 for IT/ITeS/ESDM Sector:

Sl. No

Incentives

SMEs/MSMEs

Large Companies

1

Incubation Space Subsidy ( Units with up to 40 People-Maximum 2 Years)

×

2

Lease Rentals ( Minimum 40 employees and 2 years in operation)

×

3

Special Incentives

 

4

Outright Purchase of Built-up Space

5

Allotment Government Land

Minimum Allocation of .5acre with 50 employee

Minimum Experience 2yr

 

Exp more than 3 years

Employees 100 per acre

6

Land in the ITIR

7

Interest Subsidy Reimbursement

5% p.a on term loan for 5 years upto 10 lakh for Micro and 20 lakh for SME

×

8

Capital Investment Subsidy

20% on fixed capital investment for plant and Machinery with a maximum limit of Rs 50 lakh for IT/ITeS.

20% on fixed capital investment for plant and Machinery with a maximum limit of Rs 50 lakh for IT/ITeS, Rs 5 cr for ESDM

9

Human Capital Investment Subsidy

One time subsidy of 20% on investment for certification  with a maximum limit of Rs 5 Lakhs

One time subsidy of 20% on investment for certification  with a maximum limit of Rs 5 Lakhs

10

Asst For Quality and Security Certification

50% of the fees paid for quality and security certification, maximum limit of Rs 5 lakh

50% of the fees paid for quality and security certification, maximum limit of Rs 5 lakh

11

Stamp Duty Exemption

On lease or sale agreement  of land/built up space allotted by Govt/IDCO/other Govt Agencies

On lease or sale agreement  of land/built up space allotted by Govt/IDCO/other Govt Agencies

12

Sales Tax and VAT( reimbursement )

 

13

Recruitment Assistance

( On Net Addition, Women and Disabled persons)

14

Assistance for participation in Exhibition and Trade Delegation

15

Assistance for Patent

16

Exemption from Entry Tax ( Acquisition of machinery and equipments)

×

17

Incentives for Anchor Investor (First Five) in Level –II locations.

Minimum Number of Employees in 2 years ( 40 for IT,60 for ITES) with a maximum limit Per year for 10 lakh and 7.5 lakh respectively

Minimum Number of Employees in 2 years ( 40 for IT,60 for ITES) with a maximum limit Per year for 10 lakh and 7.5 lakh respectively

18

Specific incentives for local enterprises*

Purchase preference,

Can participate in Tender in Joint Venture/Consortium forms

Purchase preference,

Can participate in Tender in Joint Venture/Consortium forms

19

Exemption from State Pollution Control and

20

Self Certification allowed for IT companies under various act of labour Laws

 

21

 

Floor Space Incentives

Relaxed FSI

Relaxed FSI

*Local enterprises – Registered office at Odisha and recruiting at least 50% of its executive employees who are domicile of Odisha.