Thursday, July 9, 2009

Union Budget 2009 - 10: The extension of the sunset clause on STPI by a year is welcome

R Chandrasekaran, President and Managing Director, Global Delivery, Cognizant:

"The extension of the sunset clause on STPI by a year is welcome. While this will benefit the entire industry, it will specifically benefit the small and medium sized companies in the industry that needed this critical impetus for growth. This is also important in this turbulent global economic environment, in the context of emerging locations such as China, Philippines or Vietnam continuing to offer attractive tax incentives”."

Vikas Khanvelkar, MD DesignTech Systems Ltd.:

"The long-term extension of tax exemptions under The Software Technology Parks of India (STPI) scheme has not happened. This is not a good news; especially for Small and Medium IT services exporters who cannot afford to avail SEZ Benefits."

To read more, please, visit - Budget is a ‘mixed bag’, says industry

Subscribe for free!

1) To receive updates in your email box or in reader subscribe for free to my Ravi Karandeekar's Pune IT, BT, Auto and SSI News Links Blog.

2) Please visit and subscribe for free to my Ravi Karandeekar's Pune real estate market news blog and for other blogs, please, visit and join for free my Ravi Karandeekar's Pune Real Estate Blog Google Group.

No comments: