Gujarat IT/ITeS policy 2022–2027 explained
The new Gujarat IT/ITeS policy was unveiled on 8 February 2022 at GIFT City, Gandhinagar by Chief Minister Bhupendra Patel. The objective of the policy is to strengthen the Information technology ecosystem of Gujarat and to generate 1 lakh direct jobs in the IT/ITeS sector.[1] [2] The goal is to improve IT export to 25,000 crore from 3,101 crore.[3] [4]
Key Pointers
- Facilitate the creation of world class co-working spaces to enable any IT company to fast track their IT operations in the State.[5]
- Establishment of the Gujarat AI School / AI Center of Excellence with the objective to become the foremost source of Industry ready skilled talent for the IT Industry.
CAPEX
- The policy envisions CAPEX support of 25% up to INR 50 Cr. for normal projects and INR 200 Cr. for Mega Projects.[6]
- CAPEX support for Data Center of 25% up to INR 150 Cr. and Power tariff subsidy of INR 1/unit for a period of 5 years.
- CAPEX support for Cable Landing Station (CLS) of 25% up to INR 20 Cr. and Power tariff subsidy of INR 1/unit for a period of 5 years.
OPEX
- Under the OPEX model, the government will provide support of 15% up to INR 20 Cr. per year for normal projects and INR 40 Cr. per year for Mega Projects[7]
Employment
- Special initiatives to boost IT employment in the state through Employment Generation Incentive and up to 100% reimbursement of employer's EPF contribution [8]
- Financial support up to INR 50,000 per person through Direct Benefit Transfer (DBT) to the graduate students and working professionals for skill development[9]
- Large-scale Information, Education and Communication (IEC) programs targeting school children and general public for improving digital literacy and enhancing awareness of Information Technology.
IT Cities / Townships
- Incentivizing the development of IT Cities / Townships with CAPEX support up to INR 100 Cr. and relaxations in regulatory & FCI norms.[10]
Notes and References
- Web site: 2022-02-09. Gujarat unveils new IT policy to generate 1 lakh direct jobs. 2022-02-13. The Indian Express. en.
- Web site: Bureau&. BL Ahmedabad. Gujarat launches new IT/ITeS policy, aims to generate 1 lakh jobs in 5 years. 2022-02-13. www.thehindubusinessline.com. en.
- Web site: CM Patel launches new IT policy as Gujarat prepares for technological revolution. 2022-02-13. The New Indian Express.
- Web site: 2022-02-08. CM Bhupendra Patel Launches New IT Policy of Gujarat. 2022-02-13. OTT India. en-US.
- Web site: Gujarat unveils new IT policy expecting 8-fold growth in exports. 2022-02-13. Sarkaritel.com. en-US.
- Web site: Niyati Parikh. Feb 8, 2022. Capex support of up to Rs 200 crore in Gujarat IT/ ITes Policy Ahmedabad News - Times of India. 2022-02-13. The Times of India. en.
- Web site: 2022-02-10. Gujarat's new IT-ITeS policy to create 1 lakh jobs in 5 years. 2022-02-13. IndBiz Economic Diplomacy Division. en-US.
- Web site: 2022-02-09. Gujarat to set up an AI school under new IT/ITeS policy. 2022-02-13. Analytics India Magazine. en-US.
- Web site: 2022-02-08. Trending news: New IT Policy of Gujarat: Government has implemented new IT policy, the sector will get a boost. 2022-02-13. Hindustan News Hub. en-US.
- Web site: Gujarat government rolls out new IT & ITeS policy for five years. 2022-02-13. The Financial Express. en.