The Government of Madhya Pradesh on October 06 notified, Madhya Pradesh IT, ITeS & ESDM Investment Promotion Policy 2023.
The following has been stated-
Information Technology (IT), Electronic System Design and Manufacturing (ESDM)Data Centres, Information Technology Enabled Services (ITeS), Business Process Outsourcing (BPO), Business Process Management (BPM), ITATES and ESDM infrastructure developers, etc., and investments in allied activities coming in the territory of Madhya Pradesh will qualify for the benefits under this Policy.
The objective of this policy is-
i. To increase the flow of investments in Madhya Pradesh in IT, ITeS & ESDM sectors.
ii. To create direct and indirect employment opportunities for the youth in the IT/ITES/ESDM sectors.
iii. To encourage investments by creating ready-to-use IT/ITES workspaces plug-and-play infrastructure and promote the use of co-working spaces.
iv. To encourage the development of the IT/ITeS sector in semi-urban towns and rural areas to increase employment opportunities in such areas.
v. To ensure the availability of land parcels at reasonable rates for the use of ITITeS & ESDM units.
vi. To enable the creation of skilled IT/ITES and ESDM manpower
The policy targets to achieve the following in the next 5 years:
i. To create 2 lakh new jobs in the IT/ITES/ESDM sector in MP.
ii. To attract 10,000 crores investment in IT/ITES/ESDM sector.
iii. Creation of 10 million sq. ft. State-of-the-art IT Parks, Buildings, Plug and Play Spaces/Sheds across the State for IT/ITES/ESDM sectors.
Promote the development of IT/ITES/ESDM parks and other supporting infrastructure to attract more and more investments. Support to private developers for creating co-working spaces, and Plug & Play Parks for establishing state-of-the-art infrastructure for the IT industry.
