Gujarat government has announced a new IT/ITeS policy for the next five years. The new policy was announced by Chief Minister Bhupendra Patel in Gandhinagar. The new IT/ITeS policy aims to provide financial incentives up to 200 crore rupees to the entities willing to incur capital expenditures. Announcing this, Chief Minister Patel said that it aims to generate employment for about 1 lakh youths in the next five years. It also seeks to increase IT-ITeS exports from the current 3000 crore rupees annually to 25,000 crore rupees over the next five years in the state.
The operative period of the new policy will start from the day of notification to 31st March 2027. Chief Minister Patel said that the state is launching this policy with an aim to realize the Atmanirbhar Bharat Mission through information technology. The other objectives of the policy include creating an IT talent pool for the high-skilled industries and providing modern IT infrastructure to build a complete ecosystem in the state.
The new policy will encourage research and development in crucial components of the cloud ecosystem including artificial Intelligence, machine learning, quantum computing, blockchain, and other emerging technologies.