Thiruvananthapuram: Kerala government has been planning to implement policy-level changes in favour of IT and electronics sectors in the state.
Many recommendations are included in the draft of industrial policy which the cabinet will consider soon.
The move comes in continuation of policy tweaks favourable for business and industrial environment.
The allowances and incentivising schemes are for the entities with capital outlay of Rs 50 crore and more.
Some of the major measures to be implemented:
The state government will share a certain amount in the pay of apprentices
No registration fee and stamp duty for establishments built on land leased from estates of KINFRA, KSIDC and alike government agencies, private industrial parks
Repayment of machine import duty.