Assam's new IT and Electronic Policy investor-friendly: CII

Confederation of Indian Industry (CII), on Tuesday, stated the new IT and Electronic Policy Assam 2017, which was unveiled by the State’s IT Minister, Keshab Mahanta, will provide a huge fillip to the IT Sector in Assam.

Mayank Jalan, chairman, CII North East Council, said that in terms of incentives, this is one of the most investor-friendly policies in the country.

“In our assessment, Assam’s new IT Policy is comparable with the very best in India, and measures up to investors’ expectations. CII is confident that not only will this policy attract big investors to the state and generate numerous new jobs, but will also serve as a great boost to the economy of the state,” Jalan added.

Under the new policy, Rs 1.20 lakh one time support will be provided per seat for setting up BPO having minimum 100 seats.

Similarly Rs 1.5 lakh one time support will be provided per employee for software development besides around Rs 2.5 lakh one time support will be given per employee for Research & Development having minimum 50 seats.”

He added, “For projects coming in IT Park 20 percent of the land price will be provided by the government and for ventures outside IT Park, 50 percent subsidy will be paid by government on land purchase. Power subsidy of Rs 3 per unit of power will be provided by the government.”

Assam government is eyeing investment from electronic goods manufacturers.