Innovative policy to be proposed to ease norms for NRIs to set up units
Chief minister Chandrababu Naidu will be attending conclave of CEO in Vizag
Visakhapatnam: Chief executive officers of IT and ITES companies from Vizag are gearing up for the conclave of CEOs on September 29 which will be attended by Chief Minister N. Chandrababu Naidu, as a host of issues are expected to be raised at the conclave. A list of the issues which will be presented at the conclave has already been sent to the Chief Minister and J. Satyanarayana, advisor to the state government on matters of IT and e -governance by the Rushikonda Infor-mation Technology Park Association (RITPA).
The policy of allotment of land on lease for a period of 33 years combined with various conditions like employing 500 people per acre will feature at the conclave. Many IT company heads complain that this condition is proving difficult for conducting the business of information technology in the city as many banks are not ready to fund as lease might be cancelled due to non-fulfillment of employment conditions.
A much-touted innovative policy, which would be one of its kind in the country will be proposed at the conclave by the RITPA. The idea consists of an NRI Startup Village which aims to provide employment to 20,000 people on 200 acres of land. According to RITPA vice-president O. Nar-esh, the plan will aim at reducing red-tapism and increasing ease of business for NRIs who wish to conduct IT business in the city.
According to the proposal, 200 acres of land at various stretches in the city, every NRI entrepreneur will be provided one acre of land which will be pre-approved by all governmental authorities. An entrepreneur will have to just select a building plan from a set of 12 designs, designed by top three architects in the country and invest phase-wise in his acre of land and provide employment to 100 people per acre.
( Source : dc correspondent )
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