Scheme Name: Mizoram IT Policy

State: Mizoram

Description of the Scheme: IT as the fastest and most advanced vehicle of change for all-round progress and development. In view of the potential of IT, state advocates widespread proliferation of IT and supports for promotion of IT in the fields of E-Governance, empowerment of the people and society, education, industry, health, rural development, agriculture, tourism, IT for masses, and IT enabled services.

Target group :

Sector of the Scheme:

Eligibility Criteria:

Nature & Mode of Assistance: Fiscal incentives
IT industry: IT industry shall cover development, production and services related to IT products, IT software, and IT services.
IT products: ?IT products? include IT hardware including digital equipment and intermediate products thereof, specified telecom products, electronic components and IT software and related services.
IT Software: IT software means any representation of instructions, data, sound or image, including source code and object code, recorded in a machine readable form, and capable of being manipulated or providing interactivity to a user, by means of an automatic data processing machine falling under the heading ?IT products? but does not include ?Non-IT products?. Term ?IT software? may be substituted in place of ?Computer software?.
IT services: It is defined as any service which results from the use of any ?IT software? over a system of ?IT products? for realising value addition.
IT enabled services: Any activity carried out based on the application of IT could be termed as IT enabled services. In other words IT enabled services cover the entire range of services which exploit information technology for empowering an organisation with the improved efficiency or a types of service which may not be possible to rendered cost effectively without IT.
New unit: New unit means IT unit which has commenced commercial production on or after the date on which the policy has been notified.
Existing unit: Existing unit means IT unit, which is or was in commercial operation at any time prior to the date on which the policy has been notified.
Registration
All IT industries are exempted from licensing registration for setting up of IT units. However, IT industries should be registered either in the form of Society or Co-Operative Society or Company for claiming of incentives.
IT units, which are export-oriented units, should obtain registration from Software Technology Park Authority. Separate incentives will be provided as per regulation laid down by GoI.
Exemptions of sales tax
IT industries shall be exempted from state sales tax for a period of 7 years from date of commencement of actual commercial production.
Exemption of central sales taxes and excise duties will be governed by various notification/orders issued by the GoI.
Power subsidy
Price preference will be given for products of local units. Subsidy on hot line/lease line connection
25% subsidy on hot line/lease line connectivity paid to STPI/BSNL subject to a ceiling of Rs.3 lakhs per annum shall be available to the units for a period of three years from the date of commercial operation.
Subsidy on manpower development:
50% subsidy on manpower development shall be provided in respect of training/technical up-gradation/skill up-gradation of local persons for IT industries in a recognised training organisation/institution.
Subsidy on setting up of reputed/recognised institution offering national and international certificate courses likes CISCO, OECP, MCSE, MCSD, MCP, DOEACC, etc.
State transport subsidy on plant and machinery:
50% of actual list of transportation of plant and machines from the place of purchase up to location of the unit shall be reimbursed.
Subsidy on land:
All other admissible incentives and concessions applicable to industrial units in respect to land subsidy shall be applicable to the IT industry including IT training Institution.
Subsidy on power line:
50% of cost incurred on drawl of electric power line from the main line to factory shed will be subsidised, subject to a ceiling of Rs.50,000 for each industrial unit.
Subsidy on the cost of project report:
Admissible incentives and concessions applicable to industrial units shall also be applicable to the IT industry.
Subsidy on Export Oriented Units:
Additional 5% of state capital investment subsidy for investment on land and building, subject to a maximum of Rs.5 lakhs will be made available to 100% Export Oriented Units (EOUs). Additional 2% of state capital investment subsidy for investment of plant and machinery, subject to a maximum of Rs.2 lakhs will be made available to units of less than 100% export commitment.
Special Incentives for Mega Projects:
Customised package of special incentives will be permitted for prestigious projects having an investment of Rs.30 crores and above. High-power committee under chairmanship of Chief Minister will be constituted to decide package in individual cases.
Other Special Incentives for IT Enabled Services Eligibility:
I. Units should provide employment for minimum 50 persons.
II. Employment should be provided for minimum period of 3 years.
III. Unit shall provide minimum wage of at least Rs.5,000 per month per employee.
Power subsidy shall be available for a period of 5 years, from the date of going into commercial production. Amount of subsidy shall be 60%, subject to a ceiling of Rs.10 lakhs per year.
Subsidy on captive generating set including non-conventional energy generation set shall be 60% of cost of generating set, subject to a ceiling of Rs.15 lakhs per industrial unit.
State capital investment subsidy of 40% on capital investment on land, building, plant & machinery, etc., subject to a ceiling of Rs.15 lakhs shall be provided to an IT unit.
60% subsidy on shed rent payable to STPI shall be available for a period of three years from the date of going into commercial operation, subject to a ceiling of Rs.5 lakhs per annum.
40% subsidy on hot line/lease line connectivity paid to STPI or BSNL or VSNL subject to a ceiling of Rs.10 lakhs per annum shall be available to the units for a period of three years from the date of commercial operation.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: Department of Information & Communication Technology

Whom to Contact: Department of Information & Communication Technology Venghlui Road, Venghlui, Aizawl, Mizoram 796001