Tamil Nadu to create 3 Mn jobs in IT sector

Tamil Nadu to create 3 Mn jobs in IT sector

Thursday, 31 July 2008, 04:12 Hrs
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Chennai: Tamil Nadu's Information Communication Technology (ICT) policy 2008-9, aiming to provide employment to three million people in the next three years was unveiled by Chief Minister M. Karunanidhi.

Releasing the ICT policy, Karunanidhi said: "Tamil Nadu will be Asia's ICT hub by creating a knowledge-driven economy, leveraging entrepreneurship and promoting socially inclusive growth."

The state will invest 2.5 billion for expansion of existing IT-ITES facilities in Chennai, Thiruvallur and Kancheepuram districts, he said.

Units employing over 100 workers would be eligible for capital subsidy of 3 million and electricity tax exemption for two years. This exemption would increase up to five years if new IT-ITES firms invested 2 billion and employed over 400 direct workers, the policy said.

The government will provide tax incentives for investors investing between 50 million and 500 million in the IT sector, the policy said.

Tamil Nadu contributes $5.7 billion worth of IT and ITES products and services to India's IT basket.
Source: IANS
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