Govt Approval For IT Investment Regions

In a bid to push the growth of electronics hardware manufacturing in the country, the Government on April 4 cleared a policy to create information technology investment regions (ITIRs). These regions are specifically-notified zones that will comprise IT/BPOs, electronics hardware manufacturing units, public utilities, residential area, social infrastructure and administrative units. The Cabinet Committee on Economic Affairs on April 2 approved the policy for setting up such ITIRs, each having an area of at least 40 sq km. These regions will attract investment, create employment opportunities, propel economic growth and simultaneously reduce the pressure on existing urban centres. The ITIRs would be much larger than an IT SEZ. The minimum processing area will be 40 per cent of the total area of the ITIR.