SPOTLIGHT ON INDIAN ELECTRONICS Spotlight on Indian Electronics | Page 110

ii.

Special incentives shall be provided to the

h. Reimbursement of Net VAT: The unit can

following focus areas

deposit the tax for the first quarter and

a. Medical electronics

reimbursement of net VAT would be credited

b. IoT c. LED

at the end of the quarter, subject to its adjustment depending upon actual incident of taxation. Effectively, it means

d. Semiconductors

reimbursement of net VAT on a quarterly

e. Display

basis and will be applicable for first 5 years

f.

Aviation and automotive electronics

without any investment limit.

iii. Mobile Manufacturing Units

i.

VAT Rate: The rate of VAT will be 5 %.

a. Allotment of Land: To allot land without

j.

CST: To waive off CST at 2 %.

infrastructure cost considering to“ Anchor

iv. Women Entrepreneurs:

Unit” and total of 10 units will be considered

a. Additional 10 % investment subsidy for

as Anchor units and will be considered for

Women subject to a maximum of additional

allocation of land on cost basis to this

INR 10 Lakhs for MSEs.

industry.

b. INR 5 Lakhs as recruitment assistance,

b. Power Subsidy: To supply power on average

basing on the level of employment

cost of service( as fixed by Telangana State

generated, for employing minimum 50

Electricity Regulatory Commission).

employees within two years of

Alternatively, the units can avail 25 % power

commencement of commercial operations.

subsidy for a period of 3 years or INR 30

This assistance will be managed and

Lakhs, whichever is earlier.

disbursed by TASK.

c. Reimbursement of Costs for Quality Certification:

c. Providing 25 % subsidy on lease rentals up to

To develop a system of self-certification, by

INR 10 Lakhs per annum maximum up to a

the Industries Department, in consultation

period of three years, for the plug-and-play

with concerned departments, subject to the

built up office space from 1000 sft. to

unit complying with all provisions which will

10,000 sft., Industry Shed ranging from 1000

be followed for these units.

sft to 20,000 sft, leased from Government or

d. Stamp Duty: To reimburse 100 % stamp duty.

Private owned IT Park / IT SEZ / Industrial

e. Patents: To reimburse 100 % cost towards

Park.

incentives for filing patents limited to INR 5

v.

SC / ST Entrepreneurs: Incentives and subsidies

Lakhs.

shall be applicable as mentioned under T-PRIDE

f.

Capital Subsidy: To allow a 20 % capital

vi. Support to R & D Institutions

subsidy, subject to a ceiling of INR 10 Crores

a. Promote innovation in the Electronics sector

per company( including subsidiaries and

through Awards by way of grants.

ancillary units).

b. Assistance at 20 % of project cost or up to

g. Interest Subvention: 5.25 % per annum on term

INR 10 Lakhs, whichever is lower, for

loan for a period of 5 years or till reaching

sponsored research work from any industrial

50 % of the capital involved, whichever is

unit to Government R & D Institution /

earlier, subject to an overall ceiling of INR 1

Government Technical College

Crore per unit per annum.

I

Mega Electronics Hub: Government of Telangana is

b. Assured Power: All the notified EMCs will have an

developing Hyderabad Information Technology and Investment

assured 24 / 7 access to power. Necessary laws will be passed

Region( ITIR) in an area of 200 sq km.

to facilitate this mechanism.

ii.

Common Facilities Centre: Common Facilities Centres would

be created in each of the proposed EMCs.

iii. PPP for Creation of Electronics Infrastructure: The facilities, in

the form of electronics hubs, hardware parks and electronics

zones, shall be developed adopting a transparent PPP policy.

iv. Provision of Built-up Space: The Government of Telangana

shall actively pursue the creation of built up spaces and

provide it at subsidized rates to eligible companies.

v.

Other Critical Infrastructure:

a. Connectivity: The Government shall strive to provide

state of the art connectivity across the city.