Govt to waive off rent for small IT units based in STPI

New Delhi, Apr 17 (KNN) In a bid to provide relief to Micro, Small and Medium Enterprises (MSMEs), the government has decided to waive off payment of rentals for small IT units housed in Software Technology Parks of India (STPI) amid Covid-19 crisis and lockdown.

The Ministry of Electronics and Information Technology (MeitY) on Thursday said it will waive off payment of rentals for small IT units housed in STPI premises for a four-month period as of now between March 1, 2020, and June 30, 2020.

“This will provide relief to nearly 200 IT/ ITeS MSMEs, operating from these 60 STPI centres,” the Ministry said in a statement.

''The total cost involved in waiving of these rentals by the government is likely to be around Rs 5 crore. The move is also in the larger interest of around 3,000 IT/ ITeS employees who are directly supported by these units,” the Ministry added.

Union MSME Minister Nitin Gadkari on Wednesday held a meeting via video conferencing with the member of the All India Plastic Manufacturers Association (AIPMA) and the PHD Chamber of Commerce & Industry, from his residence in Nagpur.

During the meeting representatives raised concerns and suggested some measures to which Gadkari assured all possible help from the government to tide over the challenges created by the lockdown due COVID-19 outbreak.

''The industry should work together and tap the opportunities that will be created when the COVID-19 crisis gets over,'' he told on Wednesday.