| Recently, the Jabalpur High Court quashed a state government decision to abrogate Madhya Pradesh Industrial Relation Act, which protects labour interests in industrial units. |
| The new Information Technology Policy, to be announced during the current Budget session, will offer better concessions and sops than those offered to the manufacturing sector in the Industrial Promotion Policy, 2004. |
| "The information technology firms that will invest in the state will be exempted from Factories Act, Maternity Act, Contract Labour Act, Minimum Wage Act, Payment of Wages Act and ESI Act," a source told BS. |
| The firms will be offered exemptions form entry tax, electricity duty tax and work contract tax etc. Those firms that will make investment in the state IT parks will be offered exemptions from tax on purchase of capital goods tax and other commodities. |
| "Each employment will make the IT firm entitled for Rs 25,000 concession, provided the firm creates minimum 100 jobs. Similarly land area will be offered free of cost if an IT firm offers jobs to 500 people subjected to the approval of the Apex Committee on Investment Promotion. The land area will be allotted on 30 years of lease," said a source. |
| A financial assistance to a maximum of Rs 4 lakh will be available for the units attaining CMM level-3. The companies making investment in the software technology park will be exempted from the floor area regulations and exemptions from stamp duty on mortgage property in banks or financial institutions. The land area rates will be charged at par with the residential are. |
| And no permission will be needed for installation of captive power. The state government has also proposed to offer concessions on land acquisition against the jobs offered. |
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