Monday, April 4, 2016
As part of State Government’s decision to transform the State into a Silicon Corridor, ten Internet of Things (IoT) hubs will be set up across the State.
The hubs will come up at major towns. Investments will be sought with total private investment or on public-private partnership (PPP) mode. The government has promised a slew of incentives after unveiling its IoT Policy. It is a network of objects, devices and other items embedded with electronics software, sensors and networks of connectivity besides social mobility, analytics and cloud series.
The CEO of Andhra Pradesh Electronics and IT Agency A.Srinivasa Moorty said that the places where the hubs will come up will be finalized shortly. The land allottees have to create employment at the rate of 240 per acre failing which they will not be eligible to avail of financial incentives as per the GO issued by IT and Communications department of the State Government. The land allottee to IoT investors will be made by th Consultative Committee on IT Industry.
The incentives included that the government will offer 10 per cent of capital and investment subsidy up to Rs.3 crore and waive electricity duty for five years and give partial reimbursement towards stamp duty and registration. The government also promised to reimburse 50 per cent lease rentals subject to a maximum of Rs.10 lakh for three years, 25 per cent bandwidth/internet change up to Rs.15 lakh for three years and fixed power cost at Rs.1 per unit.