Haryana IT & ITeS Policy 2024: Comprehensive Guide to Incentives and Benefits

Introduction

The Haryana IT & ITeS Policy 2024 aims to transform the state into a global IT hub by enhancing infrastructure, fostering innovation, and providing a range of incentives to investors and stakeholders in the IT and ITeS sector.

Objectives

• Increase Haryana's annual IT service exports from Rs79,000 crore to over Rs1.25 lakh crore in the next five years.
• Double the state's annual IT turnover from Rs1.5 lakh crore to over Rs3 lakh crore.
• Create 3 lakh employment opportunities within the state.
• Promote research and development in the IT/ITeS sector through Centers of Excellence (CoEs).
• Boost innovation and ensure holistic development of the IT/ITeS sector across the state.

Financial Incentives

1. Employment Generation Subsidy

• Rs48,000 per year per employee for a period of 10 years.
• Applicable to Haryana-based units employing residents with valid ESI/PF numbers and remunerations up to Rs40,000, including those working from home within the state.

2. Stamp Duty Reimbursement

• 100% reimbursement of stamp duty on land meant for industrial use.
• Applicable after commencement of commercial production within 5 years from the date of purchase of land.

3. Lease/Rental Reimbursement

• Reimbursement of Rs20 per sq. ft. per month or 25% of the actual rent paid, whichever is less.
• Applicable for a carpet area of up to 5,000 sq. ft. for a period of 3 years.
• Units operating in co-working spaces are also eligible.

4. Electricity Duty Exemption

• 100% exemption for a period of 10 years.
• Applicable to units in 'B', 'C', and 'D' category blocks.

5. Quality Certification Fee Reimbursement

• Reimbursement of costs incurred on obtaining quality certifications like ISO, CMMI, etc., up to Rs5 lakh per unit.

6. Reimbursement on Internet Bandwidth

• Reimbursement of 25% of internet bandwidth charges, subject to a maximum of Rs2.5 lakh per unit per year for 3 years.

7. Patent Cost Reimbursement

• Reimbursement of 100% of actual filing costs on awarded patents, up to Rs5 lakh per patent.

Infrastructure Development

1. Fiscal Support for Setting up IT/ITeS/Cyber Parks

Centers of Excellence (CoEs)

• Support for setting up CoEs in emerging technologies like AI, Blockchain, Big Data, Cloud Computing, and IoT.
• Collaboration with leading industry players and academic institutions to provide mentorship to emerging startups.

Support for Startups

• Top 15 performing startups in Haryana shall receive free incubation space for up to 5 seats per startup in government-owned incubators, extendable up to 3 years based on performance and requirements.

Policy Duration

• The Haryana IT & ITeS Policy 2024 is effective and will remain in force for a period of 5 years or until a new policy is introduced.