Visakhapatnam: Setting its eyes on promoting the Internet of Things (IoT) policy, the state government is planning to create or promote at least 10 IoT hubs in major towns in AP promoted either by it or through the private sector.
As part of its plans, the state government is aiming for the IoT hubs to have world class physical and social infrastructure, proximity to transportation hubs including railway sidings, ports, airports and high power electric supplies, high end communication cables and large volume water supplies to offer cost effective facilities, as per the operational guidelines issued by the IT, Electronics and Communications department on Thursday.
As part of its promotion plans, the state government has offered a slew of fiscal incentives including reimbursement of 50% of lease rentals paid to IoT hub provider for leasing IoT office to a maximum of Rs 10 lakh per annum for a period of three years.
Other incentives include reimbursement of 25% of bandwith charges paid to internet service providers to a maximum of Rs 15 lakh per annum, applicability of industrial power category, 100% reimbursement of electricity duty, 100% reimbursement of stamp duty, transfer duty and registration fee paid by the respective IoT entity to registration and stamps department on rental and lease deeds to IoT entity for a period of five years and also reimbursement of patent filing costs and quality certifications.
The state government has broadly classified the IoT companies into five categories including research and development, lab/assembly/systems integration, device and hardware manufacturing, software applications and analytics and infrastructure.
At the same time, companies intending to set up IoT hubs in the state will be eligible for land allotment provided they satisfy various conditions including a provision to create fresh employment of 250 persons per acre of land allotted with at least 50% for AP origin or domicile persons within three years from the date of taking over possession of land failing which APIIC will take back the allotted land.
Also, as part of the non-fiscal incentives, the AP government has announced that IoT entities and non-hazardous electronic hardware manufacturing entities to be exempt from the purview of AP Pollution Control Act and also can opt for self-certifications as they have been made exempt from inspections from acts such as the Factories Act, Maternity Benefit Act, AP Shops and Establishment Acts among others. IoT companies have also been provided general permission for three-shift operations with women working at night.
Source By: http://timesofindia.indiatimes.com/