Investment-Policies

FIRST OF ITS KIND & UNIQUE NEW POLICY FOR SETTING UP IT/ITES UNITS IN THE SUNRISE STATE OF ANDHRA PRADESH

The New & Special IT Policy is for setting up of operations by IT/ITES Units in built up/to be built up within one year IT office spaces on plug & play basis anywhere in AP. SCHEME*: (early bird window of one year – benefits available for 3 years if availed under this Policy, within 1 year)
  1. The owners of already having built up/to be built up within one year IT office spaces on plug & play basis anywhere in AP, can apply for being recognised as Designated Technology Parks(DTP).
  2. Any IT/ITES units can lease space from such DTP on a plug and play basis.
  3. The following incentives will be available to such IT/ITES units :
    • Reimbursement of 50% of lease rentals for 3 years up to Rs.10 lakhs per annum linked to employment generated.
    • 25 % of Bandwidth (Internet charges) paid to Internet Service Providers up to Rs 15 lakh per annum.
    • Reimbursement of fixed power cost @ Re.1/- per unit consumed .
    • 100% exemption from Electricity duty.
    • 100% reimbursement of the stamp duty Transfer Duty and Registration Fee paid on rental/lease premium/ lease deeds on the first transaction and 50% thereof on the second transaction.
    • Reimbursement of PF to a maximum of Rs 2000/- per month per employee
  4. Incentives to the owners of DTPs :
    • 50% Reimbursement of Property Tax paid to the Local Municipal Authorities, proportionate and limited to the built up IT office space, rented/leased to IT companies/Unit .
    • 50% Reimbursement of Insurance Premium on Building insured, proportionate and limited to the built up IT office space rented/leased to IT companies.
    • 50% Reimbursement of facility maintenance charges paid to Facility Management Companies, proportionate and limited to the built up IT office space rented/leased to IT companies, subject to a maximum of Rs.5 lakhs per annum.
    • 50% Reimbursement of one time cost for creating common infrastructure like Conference hall with equipment such as projection/audio/video systems, Server room, Cafeteria etc. for the entire building\IT facility, subject a maximum of Rs.10,00,000/- pro rata.
    • Reimbursement of 10% of the total interest paid on the loan obtained from any financial institution, for Construction of IT office spaces by private infrastructure providers/developers/builders/owners/lessors.
FOR FURTHER details, please contact: secy_itc@ap.gov.in, ceo_elits@ap.gov.in (*Subject to the rules notified by the IT&CE dept of AP)