Group of Technopark Companies (GTech) have expressed their appreciation to the Union Government for supporting the Technology Industry in the state by abolishing the Fringe Benefit Tax and also extending the STPI scheme for one year. GTech also welcomed the announcement on the exemption of excise duty and CVD on packaged software.
Terming the budget as an Inclusive one with a Social Focus, GTech in a press statement expressed their concern on the high fiscal deficit of 6.2 %. The strong emphasis in the Union Budget on Sectors like Agriculture, Infrastructure Development, Education and Rural development is on the right track for inclusive growth.
However, considering the current global slump in IT business as a result of the Economic Crises, GTech felt that the Government should have announced more schemes to help small and medium-sized Indian IT companies to bid for IT projects from the domestic market. GTech also felt that Government should consider extending the STPI scheme till 2015 to support the IT Industry operating in Tier 2 and Tier 3 cities.
GTech also felt that launching of the schemes like Mission in Education through ICT will help in the deployment of Information Technology to enhance the quality of education at the grass root level in the country.
Terming the budget as an Inclusive one with a Social Focus, GTech in a press statement expressed their concern on the high fiscal deficit of 6.2 %. The strong emphasis in the Union Budget on Sectors like Agriculture, Infrastructure Development, Education and Rural development is on the right track for inclusive growth.
However, considering the current global slump in IT business as a result of the Economic Crises, GTech felt that the Government should have announced more schemes to help small and medium-sized Indian IT companies to bid for IT projects from the domestic market. GTech also felt that Government should consider extending the STPI scheme till 2015 to support the IT Industry operating in Tier 2 and Tier 3 cities.
GTech also felt that launching of the schemes like Mission in Education through ICT will help in the deployment of Information Technology to enhance the quality of education at the grass root level in the country.
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