Wednesday, October 23, 2013

Highlights of Karnataka i4 IT policy 2013

Employment-linked incetivisation of land allotment (E-LILA)

Policy unveiled by Karnataka Chief Minister Siddaramaiah at 16th edition of BangaloreITE.biz

To treat IT/ITeS, animation-CGI/knowledge-based industries on par with public utilities to exempt from strikes and bandhs

Stamp duty exemption of 75% extended to Mysore and Mangalore

IT industry exempted from applicability of Karnataka Industrial Employment Rules for 5 years from 1st November 2013

Creation of Brand Bangalore 3.0 and Bangalore First Fund to promote Bangalore on the lines of India Brand Equity Fund


Day 1 i.e Leadership Day at Bangalore ITE.Biz concluded successfully. Highlight of the day was the release of the promising i4 (IT, ITeS, Innovation Incentives) Policy at the hands of Shri. Siddaramaiah, Honble Chief Minister, Government of Karnataka.
The Inaugural Ceremony was a unique amalgamation of Tradition and Technology and BITGen- the CyberYakshagana a computer-generated character was unveiled. The Leadership Day concluded with the CEO Conclave which had an strong line up of high-profile thought leaders from the IT Industry who deliberated on what Bangalore and the Indian IT Industry need to do to stay Numero Uno.