Cabinet panel nod for IT zones
By SiliconIndia | Friday, 04 April 2008, 23:13 Hrs
New Delhi: Aiming at boosting the growth of information technology (IT), IT-enabled services (ITeS) and electronic hardware manufacturing (EHM) units, the Cabinet Committee on Economic Affairs (CCEA) has approved the proposal to create Information Technology Investment Regions (ITIRs).
These regions could include new integrated townships, special economic zones and industrial parks along with residential areas, social infrastructure and administrative services.
These units will be built through public-private partnership route. State governments will select the developers and co-developers through a transparent bidding process.
"These ITIRs would be endowed with excellent infrastructure and supported through investor-friendly policies," a Cabinet release said today.
Each ITIR is expected to be a specifically notified investment region with minimum area of 40 sq km planned for IT and EHM units. The minimum processing area will be 40 percent of the total area of the ITIR.
While state governments would ensure that all physical infrastructure and utilities within their jurisdiction are provided, the central government will facilitate the development of national highways, airport and rail links to the ITI
These regions could include new integrated townships, special economic zones and industrial parks along with residential areas, social infrastructure and administrative services.
These units will be built through public-private partnership route. State governments will select the developers and co-developers through a transparent bidding process.
"These ITIRs would be endowed with excellent infrastructure and supported through investor-friendly policies," a Cabinet release said today.
Each ITIR is expected to be a specifically notified investment region with minimum area of 40 sq km planned for IT and EHM units. The minimum processing area will be 40 percent of the total area of the ITIR.
While state governments would ensure that all physical infrastructure and utilities within their jurisdiction are provided, the central government will facilitate the development of national highways, airport and rail links to the ITI
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