The Chhattisgarh Government has now included Electronics Manufacturing under its IT/ITeS Policy. This has been done as per the vision of the PM on ‘Make in India’ initiative for which the State Government has envisioned ‘Make in Chhattisgarh’ campaign. Currently, the State has a suitable eco system for Electronics/IT/ITeS Industry with key parameters of physical and social infrastructure, air and telecom connectivity, responsive electronic, IT/ITeS policy and CHiPS as single point of contact.
The revised industrial policy has already been approved in the last Cabinet meeting. The Cabinet decision to approve the new Electronics, IT/ITeS Policy would keep the focus on Electronics, IT/ITeS as income and employment generator. The policy focus is on IT Developers, IT Development units, Electronic Manufacturing Unit, Data Centre, etc.
Moreover, host of incentives like interest subsidy, capital subsidy, subsidy on land premium, etc will be provided to new units coming up in the State. Interest subsidy which was 75 per cent of the interest paid, maximum upto Rs60 lakh per year for 7 years, has been upgraded to 75 per cent of the interest paid, maximum upto Rs1.1 crore per year for 8 years.
Capital Investment Subsidy which was 45 per cent, maximum Rs1.4 crore has been revised to 50 per cent, maximum upto Rs1.5 crore. Subsidy on land premium uptill 80 per cent will be provided. Further incentives of 5 per cent on Capital Subsidy. Interest Subsidy and on land premium would be provided to units employing more than 50 per cent workforce of Chhattisgarh domicile, or starting production within year 2015-16. Keeping the requirements of small and medium enterprise in mind, the policy provides incentives such as 50 per cent subsidy on lease rent, reimbursement of training cost of IT Professionals upto Rs 20,000 per employee and subsidy upto 30 per cent on Bandwidth charges among others.
The policy has been framed keeping the requirements of Electronics,IT/ITeS Industry, and is the most competitive policy amongst States of India.