Herald: Incentives galore in revamped IT policy

Incentives galore in revamped IT policy

12 Jul 2018 06:54am IST
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12 Jul 2018 06:54am IST

Policy focuses on reverse migration, creation of up to 10,000 jobs in IT and IT-enabled services in five years

Team Herald

PANJIM: With the aim to promote Goa as a preferred Information Technology (IT) destination, the revamped IT policy and schemes were approved by the State Cabinet on Wednesday. The policy will be unveiled by Union Electronics and IT Minister Ravi Shankar Prasad on July 15. 

Incentives or rebates on land build up areas, lease rental, capital investment, subsidy on salary, power, internet, stamp duty, special incentive allowance for women empowerment, are various schemes that the policy proposes.

Addressing media persons, IT Minister Rohan Khaunte said the policy focuses on reverse migration and creation of 8,000 to 10,000 jobs in the IT and IT-enabled services over the next five years. 

“The entire focus is to brand Goa as an IT destination and to bring back the son of soil, who has moved out of the State or country for lack of opportunities in the sector in Goa. We are trying to create employment ecosystem in the IT sector,” Khaunte said. 

“Once launched, the IT policy of Goa will be one of the best in the country, as it has also laid emphasis on recruiting Goan freshers and freshers from State technical institutions,” the Minister said. 

He said that the policy aims to have reverse migration of the manpower in Goa and also providing employment opportunities to the tune of 8,000 to 10,000 vacancies at different levels during the next five years.

The Minister said that the policy has a provision for developing a technology park, ready to move in warm shells, plug-and-play facilities, incubation centres with training etc for new and existing IT units.

The incentives would be provided to the units which recruit Goan freshers and freshers from Goa technical institutes, he said adding that the additional incentives would be given for recruitments through on-campus placements.

The policy document, a copy of which was circulated to the media, speaks of establishment of centres of excellence in collaboration with the industry to promote skill development amongst faculty and staff of technical institutes.

The IT department will also have training programmes and knowledge sharing camps in collaboration with industry and other institutes of higher learning to enhance skill quotient of the students, he said.

The policy provides provision of giving special incentives for smaller business units like marketing support to attend pre-approved, reputed exhibition, performance-linked grant for demonstrating promising year on year growth and interest subsidy on working capital loans.

Khaunte said that the special incentives are also proposed under the policy to units that are registered in Goa and are owned by or have majority stakeholder of Goan origin. The policy also has provision for incentives for multinational companies looking to start operation in the state of Goa, he added.

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