Kerala IT Policy

Objective: Aimed at facilitating the Growth of the IT Sector through incentives, some of which have been in force since December 2005

Key features

• Units in the SME sector and startups would be given special incentives like
• Incubation facility, access to venture capital and legal support (Copyrights,
• Patents and Trademarks). Small and Medium Industries will be encouraged to take up value added services
• State IT parks are viewed as incubation facilities and the Government will
• Encourage successful IT firms of these parks to set up their own campus in the State
• Standard investment subsidy (SIS) of 30 per cent of fixed capital investment subject to limit of US$ 33,300 for companies located in Thiruvananthapuram and Ernakulum districts.
• For companies located outside these districts, the applicable SIS is 40 per cent, subject to a limit of US$ 55,500.
• Government support to Private players to set up IT Parks
• IT industry units, government IT parks, certified IT parks and Akshaya e-centres are entitled to receive subsidised power tariff
• A floor area ratio (FAR) of five has been stipulated for government and certified IT parks
• IT units in Government IT Parks have been exempted from stamp duty and registration fee upon executing lease/sale agreement with the park for lease/sale of land and built-up space.
• Exemption from entry tax for goods such as machine equipments, capital goods and construction material procured for implementation of infrastructure projects has also been provided
• IT infrastructure developers in government IT Parks have exemption from stamp duty and registration fee, and transfer duty of land
• Price preference provided on government contracts for companies having registered office in Kerala and employing a minimum of 30 per cent of its workforce there.

Kerala Industrial Policy

Objective: Aimed at making Kerala an Investment Friendly Destination and achieve high economic Growth

Key features :

1. Attract investments in manufacturing, agro-processing, health services, knowledge-based industries and services.
2. Enable growth, revival and diversification of state level public enterprises
3. Strengthen and modernize traditional industries
4. Assist sectors registering fast growth such as services and commerce sector
5. Develop Kerala as a global centre of excellence with state-of-the-art education and skill sets and preparing a pool of multi skilled, technically competent individuals and organizations
6. Create additional employment of 0.5 million persons in the manufacturing and service sectors
7. Sustain industrial and economic growth by facilitating accelerated flow of investment.

Kerala Biotech Policy

Objective:  Aimed at catalyzing the development and application of bio-technology while taking advantage of the state‘s resources and keeping global requirements in perspective

Key Features:

• Enhancing value with adequate assurance of quality in the state‘s export-oriented resources, such as spices and related plantation crops, sea foods and marine resources
• Upgrading productivity and evolving new applications for rubber, coconut, tuber crops
• Developing novel and internationally competitive products
• Ensuring sustainable and eco-friendly use of the state‘s forest, animal and marine wealth
• Boosting the state‘s renowned healthcare practices of ayurveda by synergizing traditional knowledge with scientific validation, technical product profiling and clinical data base
• Developing recombinant DNA and other modern technologies to combat major health hazards such as cancer, diabetes, cardio-vascular and other physiological disorders
• Developing diagnostics and vaccines for overall healthcare as well as for protecting the state‘s agriculture, spices, plantation and forest crops from biotic and a-biotic stresses
• Providing a package of guidelines for financial support and incentives, legal and labor