III. The Telangana Shops & Establishments Act, |
Medium, Large and Mega companies, this |
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1988 |
reimbursement is applicable for a period of 7 |
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IV. The Contract Labour( Regulation & |
years from the date of commencement of |
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Abolition) Act, 1970 |
commercial production, limited to the |
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v.
The Payment of Wages Act, 1936 vi. The Minimum Wages Act, 1948
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investment made in plant and machinery. The unit can deposit the tax for the first quarter and reimbursement of net VAT would be credited at |
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vii. The Employment Exchanges( Compulsory |
the end of the quarter, subject to its adjustment, |
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Notification of Vacancies) Act, 1959 |
depending upon actual incident of taxation. |
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viii. General permission on similar lines of |
Effectively, it means reimbursement of net VAT |
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IT / ITES Industry for three shift operations wit |
on a quarterly basis and will be applicable for |
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ix. Women working in the night for Electronics |
first 5 years for Micro and Small companies, and |
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Industry. |
first 7 years for Medium, Large and Mega |
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iv. Exemption of Registration, Transfer and Stamp Duty: |
companies. |
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Electronics industry shall be eligible for 100 % reimbursement of the Stamp Duty, Transfer
Duty and Registration Fee paid on sale / lease deeds / mortgages and hypothecations on the first transaction and 50 % thereof on the second transaction. This is not applicable on allocation of Government land.
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ix. Transport Subsidy: Transport subsidy on fuel cost
/ billing and freight( train), for the first five years on imports of the parts & components, from the sea port to Telangana plant. Following is the percentage subsidy that shall be offered over 5 years: 1st year – 60 %, 2nd year – 50 %, 3rd year
– 40 %, 4th year – 30 % and 5th year – 20 %.
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v. |
Power Subsidy: a. Electronics industry is classified as industrial units for the purpose of levying the industrial power tariff category. Industrial Power
Category Conversion Certificate is accorded on all the Service Connections( Power Meter
No.), and exclusively used by the IT industry for their operations, even in multiple locations / meters. The effective date of application of the incentive of Industrial
Power Category tariff, is from the date of issue of the said Certificate by Government.
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x.
Skill upgradation & Training: To provide skill up gradation training in the Electronics sector for required number of candidates and to contribute matching share in the EDF as per Government of India Policy. xi. Investment Subsidy: 20 % Investment Subsidy, up to a maximum of INR 2 Crores, for the first 25 eligible companies in Medium, Large and Mega categories; up to a maximum of INR 50 Lakhs for the first 50 eligible companies in Micro and
Small categories xiii. Land Cost and Lease
Rentals:
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b. Electronics companies will be permitted to avail renewable energy under open access system from within the state after paying cost component to DISCOMs as fixed by
ERC( subject to a maximum of one third of
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a. Land shall be made available at affordable costs to companies. Further, the
Government shall provide a 25 % subsidy on lease rentals to eligible companies for a period of 10 years.
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their total power requirements). |
b. 20 % of land that is allotted by the |
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c. Exemption of Electricity Duty: New Electronics industry units, after coming into commercial |
Government of Telangana can be used for dormitories exclusively for the employees. |
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operations will be entitled for 100 % |
xii. Promotion of use of Cleaner / Greener Practices: |
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exemption on Electricity duty for a period of |
Suitable incentives from policies and GOs |
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5 years. |
approved by the Industries and Commerce, and |
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vi. Assistance in Patent Filing: 50 % of the cost of filing |
Energy departments shall be applicable. |
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patents will be reimbursed to the companies |
xiii. Land Conversion Subsidy: The Telangana |
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having their headquarters in Telangana, subject |
government aims to encourage the private |
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to a limit of INR 2 Lakhs. |
EMCs by assisting in conversion of land from |
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vii. Reimbursement of Costs for Quality Certification: |
agricultural to non-agricultural. |
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50 % subsidy on the expenses Incurred for |
6.2.2 |
Specific Incentives for Mega Projects and other Areas of |
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quality certification limited to INR 2 Lakhs |
Strategic Importance |
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( Conformity European( CE), China Compulsory |
The different segments in the Electronics sector |
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Certificate( CCC), UL Certification, ISO, CMM |
need to be promoted to enable them to compete |
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Certification, SA, RU etc.). |
with the global markets as well as domestic |
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viii. VAT / CST / SGST Reimbursement: 100 % |
consumption. |
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Reimbursement of net VAT / CST or State Goods |
i. |
Mega Projects |
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and Services Tax( SGST) for a period of 5 years |
a. Government will also extend tailor-made |
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from the date of commencement of commercial |
benefits to Mega and Strategic Projects to |
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production to Micro and Small companies, |
suit to a particular investment requirements |
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limited to a maximum of INR 5 Crores. In case of |
on case to case basis. |
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