Uttar Pradesh Information Technology and Start up Policy 2016 has been released

UP information technology and start-up policy 2016 has been promulgated

Question: When was the Uttar Pradesh Information Technology & Start-UP Policy 2016 released?
(a) 24 July 2016
(b) 25 July 2016
(c) 26 July 2016
(d) 23 July 2016
Ans: (a)
Related facts:

  • On 24 July 2016. Uttar Pradesh Information Technology & Start-UP Policy 2016 was released.
  • This new policy, which will be executed by the Uttar Pradesh Electronics Corporation Limited, would remain effective for five years from the date of issuance of its notification.
  • Earlier the Chief Minister of Uttar Pradesh with a set goal to take Information Technology into the entire land of UP released IT Policy 2012 focusing on Tier-II & Tier-III cities of the state leveraging the experience of Noida/G.Noida as IT Hub.
  • IT/ITeS Mega Unit investments projects with the proposed investment of more than INR 200 Crores shall be considered for special incentives.
  • In order to promote ‘Ready to Move In’ facility for IT/ITeS companies in the state, IT Infrastructure Private developers with IT Infrastructure development experience of more than 10 acres or investment of more than INR 200 Cr. in last 5 years may be considered for incentives on case to case basis for establishing more than 5acresIT Park in Tier-II & Tier-III Cities in the state.
  • The incentives shall be made available to the developer on the condition of 75% utilization of FAR for IT facility for 10 years from the date of commercial operation.
  • The above mentioned incentives shall be provided with due approval from the Empowered committee.

Reference:
http://www.itpolicyup.gov.in/pdf/english_Final_010416.pdf
http://information.up.nic.in/View_Hindinews.aspx?id=2941