ABSTRACT

Information Technology - IT POLICY 2002 - National and International IT Exhibitions eligible for 30% subsidy on Exhibition Stall Rent for Small and Medium Enterprises (SMEs) - Orders - Issued.

(Click here to Submit the Form for allotment of Seniority Number)

INFORMATION TECHNOLOGY DEPARTMENT

G.O.(Ms) No.26
Dated:03.10.2003

Read:-

1. 1. G.O.Ms.No.15, IT Department, dated 22.5.2003.
   2. From the MD, ELCOT, Chennai-35 Lr.No. ELCOT/GMD/611/EP-SME/02, dated 2-9-2003.

- - - 

ORDER:

In a message to the investors in the "IT Policy of Tamil Nadu 2002", Hon'ble Chief Minister of Tamil Nadu has stated that the State's strongest attractions "are the availability of world-class global high bandwidth connectivity and a Government that is proactive and supportive of the development of enterprise and initiative ………..  It is now our goal to propel the State to the "Number One" position in the next three years, in terms of IT exports.  "

Against this background, Tamil Nadu has emerged as a preferred  destination for IT and ITES investments.  In order to promote the participation and encourage SMEs to be able to access International markets and use such business platforms for increased opportunities.

The IT Policy of Tamil Nadu 2002 states that :

“Government of Tamil Nadu will also facilitate the participation of SME's in Government approved International / National IT trade shows and exhibitions so as to enable them to tap new markets. A 30 % subsidy will be allowed in respect of the stall rent payable by the participating SME units with turnover not exceeding Rs. 10 Crores in the preceding year.”

In furtherance of this Policy initiative, a proposal has been received from ELCOT vide reference second cited for approval of designated International and National Events for eligibility of subsidy for Small & Medium Enterprises in IT. 

Based on the above, Government approves the following 7 International and 4 National Exhibitions for participation of SMEs during 2003-04 for which they will be entitled  subsidy of 30% on stall charges.

1. I.  International Exhibitions

1. II.  National Exhibitions:

The total outgo of subsidy to SME's in IT/ITES for  participation in the above International and National events will be Rs.37,26,000/- as detailed below.

International Exhibitions     : Rs. 29,10,000

National Exhibitions           : Rs.   8,16,000
                                         ----------------------
Total                                 : Rs. 37,26,000
                                          ----------------------

Eligibility for subsidy for participating in the above International and National exhibitions would be as per the following terms and conditions:

1. The subsidy is available only to IT Companies with turnover less than Rs.10.00 (Ten) crores during the financial year 2001-2002.

2. Prior intimation must be given to ELCOT and seniority number collected before participation in the exhibitions mentioned above. Subsidy will be restricted to 10 exhibitors on “first come first serve” basis.

3. 30% subsidy would be reimbursed after SME participates in the notified exhibitions.

4. 30% subsidy would be limited to stall space (Shell space only) rental for 9 sq. mts.

5. Proof of participation should be submitted to ELCOT / Department of IT for reimbursement after the exhibition.

6. This incentive is only available to IT companies having registered office in Tamil Nadu.

7. The subsidy will be restricted to 30% of the actual amount paid subject to a ceiling of Rs.45,000/ for International Exhibition and Rs.27,000/ for National Exhibition.

Government may not impose any objection for the IT Companies receiving travel aid/ subsidies from Government of India in addition to the incentive provided under this scheme.

Above expenditure shall be debited to the following head of account:

“2852 – Industries  07 – Telecommunication and Electronics Industries – 800 Other Expenditure - II State Plan – JB Grants to Information Technology 09- Grants in aid –03 Grants for specific schemes (DPC. 2852-07-800-JB0931)

This order is issued with the concurrence of Finance Department vide its U.O.No. 3124/FS/03, dated 18.9.2003.

(BY ORDER OF THE GOVERNOR)

VIVEK HARINARAIN
SECRETARY TO  GOVERNMENT.

To

The Managing Director,

ELCOT, No.692, Anna Salai, Nandanam, Chennai- 600 035.

The Industries (Bills) Department, Chennai- 600 009.

The Accountant General, Chennai-18/9/35

The Secretary to Government, Industries Department, Chennai-9.

The Secy. to Govt., Planning, Development & Special Initiative Dept., Chennai-9.

Copy to:

The Finance  Department, Chennai-9

The Secretary - II  to Chief Minister

PS to Minister (Law, IT & Electricity).

PS to Secretary IT Department, Chennai-9

/Forwarded / By order/

                                                                                    Section Officer