The Pune Municipal Corporation has become the first municipal body in the country offering property tax sops to information technology sector, if they plan to invest on road development.
A senior official from the PMC said, "Under the IT policy adopted by the state government in 2003, local municipal bodies have been given freedom to provide rebate in property tax to the IT sector provided they invest in city's infrastructure."
More: http://in.rediff.com/money/2005/dec/20pune.htm
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