By PTI

Jalandhar: In order to promote and invite IT firms, Punjab Industry Minister Manoranjan Kalia today said that very soon a special information technology (IT) policy would be announced by the state government.

“In the proposed policy several offers, including a 1:3 floor area ratio and free land against employment to at least 300 persons, will be given,” Kalia told PTI.

Kalia said against 1,000 square yards, a unit would be allowed to raise three storeys. The bank guarantee against the land, which a unit has to submit, will be given back if it employs at least 300 people, he added.

The aim of the upcoming IT policy is to lure IT and IT-enabled services (ITES) providers to set up units in the districts of Ropar, Goinwal Sahib and Jalandhar, the areas nearer to the international airports.

Such IT units would get uninterrupted power supply, he added.

Starting with free land offers and subsidies on capital investment to exemptions from zoning restrictions, conversion charges, electricity duty, stamp duty and registration charges, the policy would supersede all previous policies, he said.