Open AccessLEGAL ASPECTS OF THE INDIAN MODEL OF SCIENCE AND TECHNOLOGY PARKS AND SPECIFIC ECONOMIC ZONES AS THE KEY ELEMENTS OF THE INNOVATION STRUCTURE
Author(s) -
Тетяна Постригань
Publication year - 2020
Publication title -
teorìâ ì praktika ìntelektualʹnoï vlasnostì
Language(s) - English
Resource type - Journals
eISSN - 2519-2744
pISSN - 2308-0361
DOI - 10.33731/32020.216579
Subject(s) - legislation , incentive , state (computer science) , business , economics , political science , market economy , law , algorithm , computer science
The article details important historical and legal aspects of the creation and operation of science and technology parks and specific economic zones as the major elements of the innovation structure in India, a set of measures that stimulate innovation.The author notes that in India much attention is paid to the formation of a common legal framework for innovation, established bodies, associations, funds that support companies.The author reviews the legislation of India on issues of activities of science and technology parks and specific economic zones, their features as innovative structures in India, legislation on technological innovations, tax benefit, exemption of export operations from duties and export taxes. The author traces the history of the development of legislation on science and technology parks and specific economic zones in India from the moment of their creation to modernity.The article is an exposure of the research on the state regulation of India’s innovation structure elements: research institutions, science and technology parks, and specific economic zones, problems in the legal regulation of activities, the reasons for the economic success of India as a whole and trends in the further development of elements of the innovation structure of the state.The author examined the current state of science and technology parks and India’s specific economic zones, the policy of tax and customs incentives for science and technology parks and specific economic zones, identified types of tax and customs benefits, the specifics of labor legislation, energy tariffs, preferential loans, and the overallprocess of state support for science and technology.The article discloses the tax benefits available to the Software under government STPI scheme presented to promote software exports, which has helped make India one of the world's leading centers for software and business outsourcing.