Scheme Name: Common fiscal incentives for all companies

State: Telangana

Description of the Scheme:

Specific incentive available to IT industry and common to the whole of ICT industry. Specific incentives for identified areas like mega projects, SMEs, etc.

1. Allotment of Government land: All allotments by the applicant IT/ ITES company, and on payment of land cost & development cost, land could also be allocated on a longterm lease.
2. Power: IT industry is classified as industrial units for the purpose of levying the industrial power tariff category. Further to encourage the green initiative, Government would be encourages the retrofitting of energy efficient equipment (including LEDs, smart sensors, etc);. Cost reimbursement of up to 10% of retrofitting cost or Rs.10 lakhs, whichever is less.
3. Registration: 100% reimbursement of stamp duty, transfer duty and registration fee on sale/lease deeds on the first transaction; 50% reimbursement of stamp duty, transfer duty and registration fee on sale/lease deeds on the 2nd transaction; reimbursement of the registration cost shall not be applicable for mega projects.
4. Patent filing costs/Copy right/Trademark: Reimburse the cost of filing Patents/Copy rights to companies having their R&D units in state for successfully receiving. Reimbursement to a maximum of Rs.5 lakhs per Indian Patent/Copy Right and Rs.10 lakhs per international Patent/Copy Right.
5. Quality certifications: Reimburse 20% expenditure incurred for obtaining quality certifications for CMM level 4 upwards and maximum of Rs.4 lakhs. Reimbursement to BS7799 for security and also for ITES companies for achieving COPC and eSCM certification. Claiming incentive is only once.
6. Sector specific incentives & facilitation: Apart from the above stated incentives it is identified and listed down focus areas for which a few additional incentives are available.
   These include:
   a. Mega project
   b. Start-up companies
   c. IT product/R&D companies
   d. Tier II locations
   e. SMAC technologies, Smart City and other new initiatives
   f. Engineering services
   g. SMEs & Mid-scale companies
   h. SC/ST entrepreneurs
   i. Women entrepreneurs Corporate social responsibility

Target group :

Sector of the Scheme:

Eligibility Criteria:

Nature & Mode of Assistance: Incentives & subsidies

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

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

How to apply:

www.it.telangana.gov.in

Whom to Contact:

Principal Secretary to Government, Information Technology, Electronics & Communications Department