• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

T.E. Raja Simhan

Bangalore, June 9 The Information Technology Investment Regions (ITIRs) being planned across the country will lay stress only on creating infrastructure and ‘investor-friendly’ policy environment for the information technology (IT) sector. The ITIRs will not be eligible for new tax benefits, according to Mr Jainder Singh, Union IT Secretary.

A policy resolution for the ITIRs was gazetted on May 28. The ITIRs, which will be mostly built on the private public partnership model, are planned to promote investment in the IT, IT-enabled services sectors and electronic hardware manufacturing.

If there are any special economic zones in the ITIR area, they will get existing tax benefits eligible for them, Mr Singh told newspersons on the sidelines of the two-day Nasscom BPO Strategy Summit 2008.

The idea of ITIRs is to create huge IT investment regions where the Central Government will provide infrastructure like airports, roads and telecom, and States will provide land and power. No State Government has come forward with a proposal since the policy was gazetted only a few days ago. “If there is any initiative from a State, it will take five or six months for the plan to be finalised,” he said.

At present electronics production is only 1.7 per cent of the country’s gross domestic product. It is expected to grow to 5 per cent of GDP by 2015. The ITIRs will be delineated investment regions with a minimum area of around 40 sq km planned for the establishment of IT/ITeS and electronic hardware manufacturing units along with the associated services and infrastructure.

The ITIRs will be a combination of production units, public utilities, logistics, environmental production mechanisms, residential areas and administrative services. .

More Stories on : Taxation

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Indian designers exploit graphical edge in instrumentation

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line