8.1 |
Incentives for Patents and IPR : |
of implementation of the State Tax Laws , and as a |
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High-value-added ESDM manufacturing requires |
result get embedded in the exports . The guiding |
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creation of Intellectual Property ( IPR ) which needs to |
approach in formulation of such a scheme would be |
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be protected in the form of Patents , both in India as |
that the state taxes do not get exported , as far as |
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Well as abroad . This is an activity that needs to be |
practical . |
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actively encouraged so that Karnataka becomes a |
8.4 |
Deemed export incentives ( for domestic sales ): |
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leader in IPR and knowledge economy , which in turn |
For Sales within Karnataka of ESDM products , the |
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will result in significant commercial success . The |
ESDM Units will be eligible for an incentive in the |
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target is to file 3000 domestic and 2000 international |
form of interest free loan against the eligible gross |
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patents in ESDM by Karnataka ESDM Companies by |
VAT under the Industrial Policy 2009 – 14 , For |
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2020 . The Government shall reimburse up to 50 % of |
domestic Sales Outside Karnataka ( inter-state sales ), |
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the actual costs ( including filing fees , attorney fees , |
the State will reimburse 95 % of Central Sales Tax , till |
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search fees , maintenance fees ) with a maximum of |
GST is implemented , paid by the eligible ESDM units |
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Rs 100,000 for filing a domestic patent and up to Rs |
during the first 5 years of their operations . |
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8.2 |
500,000 for filing an international patent . This reimbursement shall be payable 75 % after the patent is filed and the balance 25 % after the patent has been granted . The patent filing incentives provided by Government of Karnataka shall be in addition to any existing scheme of Govt . of India .
Marketing incentives to Karnataka ESDM companies to expand in International markets
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8.5 |
R & D Grant :
It is essential to encourage R & D investments in
ESDM so as to create a culture of innovation and IPR creation in Karnataka . The Karnataka Government shall give R & D grants in the form of reimbursement equaling up to 20 % of the actual R & D expenses
( including manpower Costs ) incurred annually by
Karnataka ESDM companies , subject to a maximum
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For export promotion of ESDM products and building |
of 2 % of their annual turnover . The R & D grant shall |
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brand equity of Karnataka ESDM companies as |
be subject to a maximum of Rs . 1 Crore per company |
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credible players internationally , the Government |
per year and shall be in addition to any similar |
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shall provide reimbursements of 50 % of the actual |
benefits announced by the Government of lndia . |
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8.3 |
costs ( including travel ) incurred in international marketing , sales promotion , trade show participation , webinars , market research etc . by
Karnataka ESDM companies . This reimbursement will be subject to a maximum of Rs 10 Lakhs per year per Company .
Export incentives
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8.6 |
Incentive for Capital Investment in CSDM Sector .
To attract investments in ESDM Sector , Government will provide up to 10 % capital subsidy or Rs .
50rores , whichever is lower to Karnataka ESDM companies ( both for ESDM manufacturing as well as
R & D units ) and will be given to the first two Anchor
Units in each Greenfield Cluster .
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To overcome the large disability faced by the ESDM industry against global competitors , the Karnataka
State Government would formulate a Duty Drawback
Scheme ' in respect of the State Taxes that do not get
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This will act as a strong pull factor for investors to set up their ESDM design , R & D and / or high-tech manufacturing facilities within the state . |
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refunded to the exporting units in the normal course |
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For Information and Assistance , please contact |
Managing Director |
Principal Secretary to Government Department of Information |
Karnataka Biotechnology & Information Technology Services |
Technology , |
BMTC Building , 4th Floor ( TTMC ' B ' Block-above Bus Stand ) |
Biotechnology and Science & Technology Government of Karnataka |
Shanthinagar , Bangalore - 560027 . Karnataka , India . |
6th Floor , 5th Stage , M . S . Building , |
Tel : + 91-80-22230109 Telefax : + 91-80-22231006 , |
Bangalore - 560 001 , Karnataka , India . |
E-mail : mdkbits @ bangaloreitbt . in |
Ph : + 91-80-22280562 / 2226 5943 , E-mail : itsec @ bangaloreitbt in |
Visit www . bangaloreitbt . in |