On Friday, IT minister K.T. Rama Rao said “The incentives include seed capital investment for first generation entrepreneurs, reimbursement of VAT, stamp duty, land cost rebate and land conversion cost, power cost reimbursement, training and skill development cost reimbursement, additional incentives for SC/ST, women and physically challenged entrepreneurs.”
The incentives will be applicable to industries on or after January 2015 and before March 2019. He added “The growth will not just be confined to Hyderabad, it will also spread to other districts given the kind of allotments and opportunities for local youths,” and he added “Industrialists are quick in taking decisions to establish their companies, hence our self certification has been designed accordingly with the moto of minimum inspection and maximum facilitation.”
As it is already progressing in HYD that a global destination for IT industry, the current thrust areas of the TS government are life sciences, IT hardware, aviation and food processing, he said.