ITIRs get nod from Cabinet Committee

NEW DELHI, INDIA: The Cabinet Committee on Economic Affairs has approved the policy to create information technology investment regions (ITIRs), to boost the information technology industry.

ITIRs would be developed through public-private partnership route in states. It would be a notified area with a minimum area of 40 sq. km.

ITIRs are specifically-notified zones, which include electronics hardware manufacturing units, IT and IT enabled services, social infrastructure and administrative units.

The state governments would facilitate the provision of infrastructure and utilities like power, water, roads, transportation, sewage and effluent treatment facilities, while the center would take care of the development of national highways, airport and rail link to the ITIRs.

The state governments would select the developers or co-developers through a transparent process.