Govt intends to encourage IT enterprises: Narayanasamy

Image
Press Trust of India Puducherry
Last Updated : Jul 30 2016 | 4:57 PM IST
The Puducherry government today said it has drawn up plans to encourage Information Technology sector in the Union Territory under BOT (Build Operate and Transfer) system and that lands were already available to encourage enterprises.
"Our intention is to ensure that industrial entrepreneurs should have proper environ here. IT industries will be encouraged under BOT system. Land is already available to encourage enterprises," Chief Minister V Narayanasamy told reporters.
He said government was also interested in encouraging existing industries in all categories to stabilise themselves and would take steps to bring back industries that had moved out of Puducherry in the past.
Narayanasamy said the Union Territory was now deprived of any share in the Centrally mobilised revenue here like Central Excise and Customs duty as Puducherry was not included as a constituent of Central Finance Commission.
He said Karaikal port had paid as much as Rs 2,100 crore to the Central kitty in the last five years under central excise and custom duties.
"But Puducherry government had netted only Rs 63 crore under sales tax and user charge", Narayanasamy said.
He said if Puducherry became part of the Central Finance Commission, the UT would be entitled to get bigger share.
Narayanasamy said he had made out a strong case at the recent all India Finance Ministers conference that Puducherry be taken care of adequately in the event of the Goods and Services Act being brought into force.
(REOPEN MES6)
Narayanasamy said Telecom operator Reliance JIO has agreed to provide free WIFI 4Ghi speed services to those taking morning stroll along the beach and tourists.
He said company officials had met him and told him they would provide free high speed WIFI services to the morning walkers, tourists and also students in government colleges. The company would bear the entire cost and there would be no commitment for Puducherry administration on any count.
He said he had requested Reliance JIO to ensure that the facility was available to traders and the business community in the key shopping centres.
"This facility if introduced, will be of help for the merchant community and the shopping public' he said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 30 2016 | 4:57 PM IST

Next Story