Absence of octroi and lower sales
tax have been instrumental in promoting commercial activity
in the Union Territory. Chandigarh is emerging as an
important distribution centre
Incentives to set up IT Units
The following incentives and facilities
shall be provided for the purpose of encouraging companies
to come forward for setting up I.T. units in the UT.
I.T. Towers – Construction of
I.T. Towers shall be undertaken for the software industry.
Plug and play facilities shall be provided, with real
time connectivity. These I.T. Towers shall provide the
ideal platform for software units to be set up in large
numbers in Chandigarh.
Exemption from Inspections - I.T.
services companies shall be exempted from inspections
under the Factories Act and the Shops & Establishments
Act.
Depreciation norms
- These shall be as per approved Govt. of India Policy.
Loaning by Financial Institutions-
Loans for Capital Investment and working capital requirement
would be given as per GOI policy by the Delhi Financial
Corporation (DFC). Priority shall be given to I.T. services
for provision of financial aid. A number of attractive
schemes shall be introduced for the I.T. industry.
Investment and Venture capital –
Financial Institutions and Banks shall be allowed to
invest in the I.T. sector in the form of equity. A fund
has already been set up by the Delhi Financial Corporation
(DFC) to provide venture capital for the I.T. sector.
Single Window Clearance – Single
Window Clearance shall be provided for all I.T. companies
interested in setting up units in Union Territory of
Chandigarh.
Annual Awards – Annual awards
of excellence shall be given by the Chandigarh Administration
for outstanding performers in I.T. These awards shall
be given in the fields of software exports, training
and e-commerce.
