UP state government officials have busied themselves with preparations for setting up the ambitious IT City project.
The tender process, sources in the government said, is expected to be floated by Friday and the chief minister will make a formal announcement regarding the proposal. According to the government’s existing plan, UP Electronics Corporation (UPLC) has been appointed as the implementing agency for the scheme.
Targeting 25,500 jobs for people once the 100-acre IT City comes up on Chak Ganjariya farms in Lucknow, the government has created parameters that will allow only the Top 10 IT majors in the country to participate in the bidding process. Though memorandums of understanding have not been signed between the government and the IT companies, IT majors like Infosys and Oracle, among others, are believed to have shown interest in setting up shop in UP.
In what is being regarded as additional boon for the government, senior officials also said the Centre has granted Special Economic Zone status to the IT City project in Lucknow. The state government is also expected to issue a notification to this effect this week.
Once the project takes off, IT companies will be offered sops in keeping with the state’s IT Policy 2012, which focuses on skill development and increased employability.
Among key provisions of the policy, UP will offer a 5% interest subsidy to all new IT industries that set up shop in UP. In an attempt to attract more industries into the state, the policy has also offered land at a 25% discounted price and special permission from the department of labour to run IT businesses seven days a week.
Pitted as a big pull, the state government has also offered to fund 75% of the employee provident fund and state employee insurance for all those IT companies who provide continuous employment for three years to at least 50% people who belong to UP.
During 2010-11, the state’s IT exports clocked about Rs 11,000 crore and this year it is likely to touch Rs 14,000 crore. With the new IT policy in place, the state government hopes to re-establish UP as one among the country’s top three IT exporters, a position it originally occupied.
The tender process, sources in the government said, is expected to be floated by Friday and the chief minister will make a formal announcement regarding the proposal. According to the government’s existing plan, UP Electronics Corporation (UPLC) has been appointed as the implementing agency for the scheme.
Targeting 25,500 jobs for people once the 100-acre IT City comes up on Chak Ganjariya farms in Lucknow, the government has created parameters that will allow only the Top 10 IT majors in the country to participate in the bidding process. Though memorandums of understanding have not been signed between the government and the IT companies, IT majors like Infosys and Oracle, among others, are believed to have shown interest in setting up shop in UP.
In what is being regarded as additional boon for the government, senior officials also said the Centre has granted Special Economic Zone status to the IT City project in Lucknow. The state government is also expected to issue a notification to this effect this week.
Once the project takes off, IT companies will be offered sops in keeping with the state’s IT Policy 2012, which focuses on skill development and increased employability.
Among key provisions of the policy, UP will offer a 5% interest subsidy to all new IT industries that set up shop in UP. In an attempt to attract more industries into the state, the policy has also offered land at a 25% discounted price and special permission from the department of labour to run IT businesses seven days a week.
Pitted as a big pull, the state government has also offered to fund 75% of the employee provident fund and state employee insurance for all those IT companies who provide continuous employment for three years to at least 50% people who belong to UP.
During 2010-11, the state’s IT exports clocked about Rs 11,000 crore and this year it is likely to touch Rs 14,000 crore. With the new IT policy in place, the state government hopes to re-establish UP as one among the country’s top three IT exporters, a position it originally occupied.
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