|
3 (L). Allotment of Land to
I.T. Industries in IT Parks/ designated IT Zones: Land allotment under a special land package for setting up of various IT industries as defined below/ Institutes will be made at the rate of development charges prevailing in the area. After stipulated minimum fixed investment made by the plot allottee on the allotted plot within the period stipulated for investment in the package (amended as per IDC decision taken vide item 5 on 27.12.2004), the following entitled land rebates shall be reimbursed by RIICO to the eligible allottees: 1. Very Prestigious Investment - in IT Software, ITES and IT Hardware - For the industry which is set up on the allotted plot by any company with a minimum fixed investment of Rs. 10 crores or by a fortune 500 company, within a period of 3 years, entitled land rebate shall be @ 60% of the plot allotment rate. 2. Prestigious Investment - in IT Software, ITES and IT Hardware - For the industry which is set up on the allotted plot with a minimum fixed investment of Rs. 1 crore within a period of 3 years, entitled land rebate shall be @ 50% of the allotment rate for the plot upto maximum of 5 acres area. 3. General Investment - in IT Software, ITES and IT Hardware - For the industry which is set up on the allotted plot with a minimum fixed investment of about Rs. 10 lacs per 500 sqm. land and Rs. 2 lac for every subsequent 100 sqm. within a period of 3 years, entitled land rebate shall be @ 25% of the allotment rate for the plot upto maximum of 2000 sqm. area. 4. Advanced IT Institutes- For the institute which is set up on the allotted plot with a minimum fixed investment of Rs. 5 crores within a period of 3 years, entitled land rebate shall be @ 25% of the allotment rate for the plot upto maximum of 5 acres area. Advanced IT Institutes would mean institutes offering exclusive IT courses atleast of the level of MCA /BE / M.Tech (IT) /MBA (IT) /MSC (IT) or of a recognized equivalent. 5. General Computer Training Institutes- No rebate in the allotment rate shall be allowed. However, RIICO may consider land allotment upto maximum of 2000 sqm. on prevailing rate provided unit makes fixed investment of about Rs. 5 lacs per 500 sqm. land within 3 years period. Notes- a. Production activities will need to be started within three years from the date of possession or from the date of lease deed execution, whichever is earlier. b. The minimum fixed investment should be made within 3 years from the date of possession or from the date of lease deed execution, whichever is earlier. c. An undertaking / certificate shall also be submitted by IT unit every year for the use of land for the purpose the land is allotted. d. Fixed investment shall mean investment in land, building, computers, printers, scanners, plotters, licensed software’s, EPABX, networking equipment, UPS, DG-Sets, CVT"s, AC, LAN Cable and other equipment and furniture. e. In case of failure to observe the terms and conditions regarding investment and time schedule mentioned in the package, the concessional amount shall be recovered from allottee with interest from the date on which concession amount has been reimbursed. f. In each case the decision of RIICO shall be final as to what qualifies as IT Industry/ Institute for the purpose of above said incentive. g. For reimbursement of the concessional amount, the plot allottee would be required to inform RIICO office by a registered AD letter sent prior to the scheduled date regarding the investment made on the plot. After verification by the Unit Head, the cheque or rejection letter, as the case may be, will be sent by RIICO within 30 days by registered AD letter. h. No other rebates / incentives shall be given to these (All above) IT industries. Land rebates as mentioned above shall not be available in institutional area within Sitapura industrial area at Jaipur. Definitions of IT Industry a) IT Software /ITES Industry:- This would mean development and production of computer software and IT Enabled Services (ITES) such as Call Centres, Medical Transcriptions, BPOs, Content development, E-commerce and other similar activities. b) IT Hardware Industry:- IT hardware industry would mean production and assembling of
computers, peripherals, Computer Monitors, Printers, Scanners, Modems, Hubs,
Switches, Routers, Networking equipment's, UPS, Earth Station, V-SAT, Digital
Switching Systems, Mobile phones, CDMA equipment, Electronic Exchanges,
EPABX, Wireless equipment's, Optical Fiber Cables, battery use in mobile/CDMA instruments, ATM machines, LAN Cable
(CAT-5 etc.), electronic touch screen. (Revised
as per IDC decision taken vide item 5 on 12.10.2004) |