{"id":7094,"date":"2024-06-14T02:57:20","date_gmt":"2024-06-14T02:57:20","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=7094"},"modified":"2024-06-14T02:57:20","modified_gmt":"2024-06-14T02:57:20","slug":"capex-support-of-up-to-rs-200-crore-in-gujarat-it-ites-policy","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/capex-support-of-up-to-rs-200-crore-in-gujarat-it-ites-policy\/","title":{"rendered":"Capex support of up to Rs 200 crore in Gujarat IT\/ ITes Policy"},"content":{"rendered":"

A major bonanza is in store for IT companies here as the announced theGujarat IT\/ ITes Policy 2022-27<\/u>.<\/p>\n

Gujarat chief ministerBhupendra Patel<\/u>unveiled the policy document at a ceremony held at GIFT City Gandhinagar.<\/p>\n

As part of the new policy, the state government has announced a Capital Expenditure<\/a> support of upto Rs 200 crore for upcoming IT companies in the state, which was upto Rs 1 crore in the previous policy. This new policy will be in force for five years i.e. from 2022 to 2027.<\/p>\n

The policy introduces a unique concept of Capex-Opex model. As part of this, Capex support of 25% upto Rs 50 crore will be extended for small to medium-sized projects and Rs 200 crore for mega projects will be provided.<\/p>\n

The policy envisions Capex support of 25% up to Rs 50 crore for normal projects and Rs 200 crore for Mega Projects. Under the OPEX model, the government will provide support of 15% up to Rs 20 crore per year will be extended to boost IT investments in Gujarat, the state government said in a statement.<\/p>\n

In an effort to boost IT EMPLOYMENT<\/a> in Gujarat, the policy also provides two special employment generation incentives to upcoming IT companies. A one-time Investment<\/a> upto Rs 60,000 per employee to be provided by the state government to upcoming IT companies and 75-100% of reimbursement of employers contribution to employee provident fund will also be provided for a period of five years.<\/p>\n

The state government will also continue providing interest repayment at 7% on term loans upto Rs 5 crore and 100% reimbursement of Electricity Duty to all eligible IT\/ITeS units.
Gujarat IT\/ ITes policy also proposes to establish aGujarat<\/u>AI School \/ AI Center of Excellence with a view to provide Industry<\/a>-ready skilled talent for the IT Industry.<\/p>\n

Setting up of a cable landing station (CLS) will also be facilitated with a 25% Capex support of up to Rs 20 crore in addition to a power tariff subsidy of Rs 1 for a period of five years.<\/p>\n","protected":false},"excerpt":{"rendered":"

A major bonanza is in store for IT companies here as the announced theGujarat IT\/ ITes Policy 2022-27. Gujarat chief ministerBhupendra Patelunveiled the policy document at a ceremony held at GIFT City Gandhinagar. As part of the new policy, the state government has announced a Capital Expenditure support of upto Rs 200 crore for upcoming … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1084],"tags":[712],"class_list":["post-7094","post","type-post","status-publish","format-standard","hentry","category-gujarat","tag-08-02-22"],"yoast_head":"\nCapex support of up to Rs 200 crore in Gujarat IT\/ ITes Policy - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/capex-support-of-up-to-rs-200-crore-in-gujarat-it-ites-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capex support of up to Rs 200 crore in Gujarat IT\/ ITes Policy\" \/>\n<meta property=\"og:description\" content=\"A major bonanza is in store for IT companies here as the announced theGujarat IT\/ ITes Policy 2022-27. Gujarat chief ministerBhupendra Patelunveiled the policy document at a ceremony held at GIFT City Gandhinagar. As part of the new policy, the state government has announced a Capital Expenditure support of upto Rs 200 crore for upcoming ... 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Gujarat chief ministerBhupendra Patelunveiled the policy document at a ceremony held at GIFT City Gandhinagar. As part of the new policy, the state government has announced a Capital Expenditure support of upto Rs 200 crore for upcoming ... 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