Kerala IT Policy 2017 (Draft)

Department of Electronics & Information Technology

Govt. of Kerala

3. Fiscal Incentives

3.1. Fiscal incentives are applicable to all eligible companies operating in Kerala other than those located within an SEZ

3.2. Fiscal incentives shall remain in force for a period of 5 years from the date of the policy.

3.3. Fiscal incentives for eligible companies will be as follows

3.3.1. Standard Investment Subsidy - 30% of Fixed Capital Investment subject to a limit of Rs. 15 lakhs for companies located in Thiruvananthapuram and Ernakulam

districts. For companies located outside the districts of Thiruvananthapuram and Ernakulam the applicable SIS will be 40% of Fixed Capital Investment subject to a limit of Rs. 25 lakhs.

3.3.2. Government will constitute a Technology Development Fund for the ICT industry in Kerala. Grant will be made available for R&D projects from this Fund, subject to the approval of the project by a committee constituted for the purpose. Such projects shall be made available to the public in suitable Free Software License.

Registration/Stamp Duty Concession Other Incentives