Andhra Pradesh will allocate 20 per cent of order value in government promoted projects in electronic hardware to the small and medium enterprises, says a report.
According to the the AP Electronic Hardware Policy 2012-2017 released at the inaugural session of IT summit, Advantage AP 2012, many incentives would be offered to both startups and existing units.
The startups and micro enterprises will be extended a 10 per cent subsidy on capital equipment for technology upgradation besides 25 per cent subsidy on lease rentals of up to Rs 5 lakh a year for three years. In tier II locations including Visakhapatnam, Vijayawada, Warangal, Tirupati and units located close to seaports, 100 per cent reimbursement of stamp duty, transfer duty and registration fee paid on sale/lease deeds on the first transaction would be offered.
In addition to extension of industrial power category tariff, a power subsidy of 50 per cent to micro, 40 per cent to small, 25 per cent to medium and 10 per cent to large scale industry units is offered on power bills for a period of five years from the date of commencement of operations.
Special package