The INS News
No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
No Result
View All Result
The INS News
No Result
View All Result
Home News Regional

Srinagar, Jammu to have IT Parks, Towers with Plug and Play features

INS Desk by INS Desk
January 25, 2019
A A
Share on FacebookShare on TwitterWhatsappTelegramEmail

Jammu: The State Administrative Council (SAC) which met here today under the chairmanship of Governor, Satya Pal Malik approved the incorporation of “The Jammu and Kashmir I.T. Infrastructure Development Company Private Limited” under the Companies Act, 2013.

RELATED POSTS

15-day summer break from June 23: Govt

ACB arrests Tehsildar, his tout for demanding bribe in Kupwara

No option but to go to SC if statehood is delayed: Dr Farooq

The decision by the SAC is aimed at attracting IT/ITES companies to the State to operate from constructed spaces created by the State and to establish their offices/work facilities on developed land having adequate civic amenities and robust transport connectivity thereby boosting the economy of the State by way of investment, employment and increased economic activities.

With the growth of IT industry and IT enabled Services (ITES), there is a need to undertake IT related infrastructure development in a focused manner in the state. Such infrastructure involves constructed space for being hired out to firms delivering ITES including call centres, outsourcing works, software development, etc. Also, IT Companies establish their offices in areas that have developed amenities i.e., providing residential, recreational and institutional spaces with reliable connectivity to existing and future city centers/transportation hubs.

In both the Capital cities, it is proposed to identify and develop certain areas in the vicinity of cities or in the Metropolitan Region that would act as the basis for planned future growth. For attracting investment to such areas as also to provide adequate infrastructure facilities to I.T. Industry, it is proposed that I.T. Parks/City is planned as a part of it. There will be IT Parks with Towers having the latest facilities to attract world class investment.
Through the IT Parks & Towers, the investors will make full use of the recent extension of the benefits under NE Package to J&K in addition to the existing benefits under Industrial Development Scheme for Jammu and Kashmir (JKIDS), 2017 namely Capital Investment Incentive, Interest Incentive, Central Goods & Services Tax (CGST) Reimbursement, Income Tax (IT) Reimbursement, Transport Incentives (TI) and Employment Incentive (EI).
To begin with, a provision of Rs. 20 Crore has been kept in the Annual Budget of 2018-19 with subsequent annual inflows of the same order and it is proposed to leverage it to raise loans of the value of Rs. 200 Crore. This will be used for creating the necessary infrastructure.

Buy JNews
ADVERTISEMENT
Previous Post

ICDS: SAC approves ‘Decentralized Policy for Procurement of Supplementary Nutrition’  

Next Post

SAC grants Toll Tax exemption for special development projects

INS Desk

INS Desk

Related Posts

DSEJ orders summer vacation from June 01 to July 16
Regional

15-day summer break from June 23: Govt

June 21, 2025
ACB files cases against 2 Jammu cops
Regional

ACB arrests Tehsildar, his tout for demanding bribe in Kupwara

June 21, 2025
Dr Farooq says will contest J&K assembly polls
Regional

No option but to go to SC if statehood is delayed: Dr Farooq

June 21, 2025
DIG Sharma visits annual mela at Baba Bhudan Shah Ji Ziarat
Regional

DIG Sharma visits annual mela at Baba Bhudan Shah Ji Ziarat

June 21, 2025
Woman falls off ridge in Poonch, dies
Regional

PDD daily wager dies after fall from electric pole in Achabal

June 21, 2025
Heat wave: SED advises schools to avoid assemblies in afternoon
Regional

At 23.2°C, Sgr records 4th all-time highest night temp in 134 years

June 21, 2025
Next Post
J&K gets tax exemption on industry for 10 years: Mehbooba, Drabu elated

SAC grants Toll Tax exemption for special development projects

Shopian: Govt mulling to distribute more sheep with 50% subsidy under SCA to TSP

SAC approves infrastructure development at Sheep Breeding Farm Khimber with NABARD funding

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *




28 police officers from J&K inducted in IPS

Be vigilant against ‘mischievous’ persons posting photos with DGP on social media: Police

April 24, 2024
We are grateful to our Corona warriors in fight against Covid-19: LG

Lt Governor to honour 50 Covid Warriors on Independence Day

August 13, 2021
Reasi Attack: Police releases sketch, announces Rs 20 Lac reward for info

Reasi Attack: Police releases sketch, announces Rs 20 Lac reward for info

June 11, 2024

About

Indian News Service (INS) is the first registered online news portal from the state of Jammu & Kashmir. Our creative team consists of like-minded and socially concerned team of media professionals who carry decades of experience in their field of profession at their back. Our core values have pillars in honesty, empathy, credibility, equality and integrity.

More

© 2022 INS News - Designed by GITS.

No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog

© 2022 INS News - Designed by GITS.