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
- 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 :
- Attract investments in manufacturing, agro-processing, health services, knowledge-based industries and services.
- Enable growth, revival and diversification of state level public enterprises
- Strengthen and modernize traditional industries
- Assist sectors registering fast growth such as services and commerce sector
- 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
- Create additional employment of 0.5 million persons in the manufacturing and service sectors
- 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
- 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