Madhya Pradesh’s IT-ITES and ESDM policy will be announced and implemented soon. This information has been given by the Minister of Science and Technology and MSME, Mr. Omprakash Sakhalecha. He also reviewed the draft of the policy.
Minister Sakhalecha said the goal of this policy is to make Madhya Pradesh the leading state of the country by creating a vibrant and inclusive ecosystem for the growth and development of the IT sector by incorporating all the factors. The policy has a special focus on providing necessary infrastructure for investment, employment, innovation and industries. He informed that the IT, ITES, ESDM policy of Madhya Pradesh for 2023 has been prepared after various sessions of consultation with the industry and benchmarking of various state policies.
The main objective of the policy is to attract investment in IT, ITES, ESDM sectors by providing incentives and simplifying regulatory procedures. The policy focuses on creating a business-friendly environment and providing necessary infrastructure for the development of industries.
Minister Sakhalecha informed that the policy aims to invest Rs 10,000 crore in the IT, ITES, ESDM sector in Madhya Pradesh in the next 5 years. Attract and create 2 lakh new jobs.
Emphasizes creation of 10 million sq.ft IT, ESDM infrastructure space, state-of-the-art IT Parks, buildings, plug and play space across the state to include plug and play and ready-to-build factories for IT, ITES and ESDM.
Promotion of R&D and innovation activities in the state is also an important part of the policy. He informed that the draft policy introduces innovative features, which will also suggest solutions to key challenges faced by the industry, CAPEX for infrastructure developers in the draft policy Contains provisions for developing world class IT infrastructure by providing special provision of assistance.
The major objective of this policy is to promote the development of IT, ITES, ESDM parks and other supporting infrastructure to attract more and more investments.
The policy has given special attention to the Electronic System Design and Manufacturing (ESDM) sector and supported them by increasing capital subsidy capping.
The draft policy includes attracting investment in ESDM units, promoting indigenous manufacturing and developing a robust supply chain ecosystem.
The draft policy reflects the diverse industrial landscape and the importance of inclusivity.
The policy addresses the specific needs of both large and MSME industries.
This ensures an inclusive approach, so that all types of units can take advantage of the policy and contribute to the economic progress of the state.
The policy provides rental assistance to help businesses set up their operations and job creation assistance to boost employment generation.
The policy encourages research and development activities by providing support to establishments through testing, calibration laboratories, quality certification, patenting and various incentives to support standalone research and development units.
The draft policy emphasizes on attracting different types of data centers in the state.
The policy has provisions for various financial incentives specifically designed for data center units.
The policy also has provision to support mega projects in the region through customized packages.
The policy aims to create a vibrant and inclusive ecosystem for growth and development of the IT-ESDM sector, thereby positioning Madhya Pradesh as a leading state for IT.
