CCEA okays Policy for Information Technology Investment Regions

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CCEA okays Policy for Information Technology Investment Regions

AIT News Network

NEW DELHI. Cabinet Committee on Economic Affairs in its meeting held today has okayed the proposal to create Information Technology Investment Regions (ITIRs).

Each ITIR will be a specificlly notified investment region with minimum area of 40 sq.kms. planned for IT/ITES and EHM Units. The minimum processing area will be 40% of the total area of the ITIR. The ITIRs can be developed in a phased manner.

The investor-friendly policies will be formulated for these Regions for giving a boost to IT/ITES Sector and Electronic Hardware Manufacturing (EHM) Units.

The ITIRs would be a combination of IT/ITES and Electronics Hardware Manufacturing Units; Public uitilities, residential area, social infrastructure and other allied services. ITIRs would include new integrated townships, SEZs, industrial parks etc. In the ITIR, there would be a clear delineation between the IT/ITES areas and Electronic Hardware Manufacturing areas.

The State Governments are required to ensure that all physical infrastructure and utilities within its jurisdiction (power, water, roads, transportation, sewerage and effluent treatment facilities) are provided. The Central Government will facilitate development of National Highways, Airport and Rail links to the ITIRs.

PPP( Public-Private Partnership) route is proposed for the development of ITIRs. State Governments are required to select the developers/co-developers.