The cabinet committee on economic affairs (CCEA) on Thursday approved the proposal to create Information Technology Investment Regions (ITIRs) to boost growth in the information technology and electronic hardware manufacturing sectors.
Each ITIR is expected to be a specifically notified investment region with minimum area of 40 square kilometres of planned information technology and information technology enabled services (IT/ITES) units.
The minimum processing area will be 40 per cent of the ITIR and these regions will be developed in a phased manner.
“These regions would become major magnets for investment, creating employment opportunities and economic growth in the area. Simultaneously, they will reduce the pressure on existing urban centers by enabling growth of new townships and dispersal of industry,” an official statement said.
The regions would be a combination of IT/ITES and EHM units, public utilities, residential areas, social infrastructure and administrative services and could include new integrated townships, special economic zones (SEZs) and industrial parks.
“In the ITIRs, there would be a clear delineation between the IT/ITES areas and electronic hardware manufacturing areas,” the statement said.
The state governments would ensure all physical infrastructure and utilities such as power, water, roads, transportation, sewerage and effluent treatment facilities, while the Centre would facilitate development of national highways, airport and rail links to the ITIRs.