User talk:Nancyfernandez

IT PARK

Tamilnadu was one of the first states in the Indian Union to formulate a comprehensive IT policy. As early as 1997, the State Government released an Industry -specific Policy for the IT industry to achieve the goals spelt out in the Ninth five year plan and to focus attention on the IT industry as an engine of growth in the State. However, the pace of change in the IT industry necessitated a revision of this plan. In the year 2002, the Government of Tamilnadu released a new IT policy geared towards leveraging IT to herald prosperity in the State and to turn Tamilnadu in to a Knowledge-empowered State.

The advent of the Internet has transformed the world in to a Global village and has ushered in an era of IT-enabled services delivery worldwide. As per the 2002 report of NASSCOM, IT and IT-enabled Services Industry will account for over 7% of India's GDP and 30% of Foreign exchange within a decade. This revolution will also generate over four million jobs in the Knowledge sector (IT and ITES industries). Tamilnadu is uniquely poised to leverage this great opportunity due to its educated workforce and excellent administration. The Government of Tamilnadu released an ITES policy in 2005 to highlight the advantages of ITES investment in the state.

The Government of Tamilnadu has enacted serveral proactive measures to enable IT and ITES companies to do business in the State with utmost ease and felicity The Government has granted 50% exemption of stamp duty for IT companies towards land registration and office construction The Government has extended 30% subsidy to small and medium enterprises on stall rent for participation in national and international exhibitions The Government has relaxed Floor Space Index (FSI) norms to IT Buildings to enable the entry of smaller IT companies

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