Gujarat’s first ever `IT and Electronics Start-up Policy’ announced; 50 new incubators to attract an investment of Rs 7,000 crore; to benefit 2,000 IT start-ups
The Gujarat government on Sunday announced its first ever ‘IT and Electronics Start up Policy’, having special focus on encouraging new ventures by providing them various incentives and subsidies. Gujarat Chief Minister Anandiben Patel announced the policy, which will be applicable only to IT and electronics related start-ups.
Addressing reporters at Circuit House in the city, Anandiben Patel said 50 new incubators will be set up which will benefit 2,000 IT start-ups in next five years. The project aims to attract an investment of Rs 7,000 crore .
“For better results, we will involve industries as well as education institutes under this policy. During August, we will organise a workshop to spread awareness about this policy. We will also invite experts to evaluate the viability of new start-ups,“ the Chief Minister said. Anandiben Patel said: “The new policy will not only empower new entrepreneurs, but will also inspire youths to invent and develop new skills.“
IN STORE FOR START-UPS
For the success of the new policy, the state government will offer partnerships to start-ups under its various e-go vernance projects. Start-ups will get upto 25 per cent of venture capital fund as financial aid apart from100 per cent stamp duty and registration fee waiver. The government will also give 75 per cent subsidy for the patent in the limit of Rs 2 lakh (local patent) and Rs 5 lakh (international patent). Startups will continue to get various bene fits for next seven years.
FUND FOR INCUBATORS
The state government has also announced various benefits for incubators which will in turn facilitate these startups.
A10 lakh square feet land will be allotted for the development of 50 incubators. Under the policy, the state go vernment will provide 50 per cent capital investment assistance, in the limit of Rs 50 lakh, for setting up an incubator.
As per the policy, they (incubators) will be entitled to get Rs 5 lakh each year as mentoring assistance and the state government will also give Rs 1crore as assistance for the procurement of software to these incubators.
GUJ WORKING ON E-RICKSHAW PROJECT
Inspired by the e-rickshaw project launched by the Prime Ministerin Varanasi, the CM on Sunday said the state is working on a similar project to curb pollution. She made the announcement at a function organised by Gujarat Pollution Control Board (GPCB) to mark the World Environment Day. “Our PM has recently distributed e-rickshaws in Varanasi. We want to walk on the path shown by him. To control pollution, time has come to move from CNG-run rickshaws to e-rickshaws,“ Patel said. PTI
GOVT TO TAKE UP NRI QUOTA ISSUE WITH PVT MEDICAL COLLEGES
Vadodara: The health department of Gujarat government would meet the representa tives of self-financed medical colleges of the state on Monday to hold discussion on a state government ordinance to abolish 15 per cent NRI quota, currently in place in the colleges. “For the benefit of students of Gujarati origin, the state government has decided to scrap the 15 per cent NRI quota,“ Gujarat Health Minister Nitin Patel said.
Courtesy : Ahmedabad Mirror