Tvm: GTech, the industry body representing the Group of Technology companies based out of Government IT Parks in Kerala, has welcomed the recommendations of the new ICT policy. In a statement, Anoop P Ambika, Secretary, GTech said that the draft IT policy unveiled by the Government of India is a welcome step in the right direction. The thrust of the policy to promote the IT industry in tier II and tier III cities would enhance the economic prosperity of a state like Kerala and would augment of our efforts to emerge as a competitive IT and ITeS destination.
Also the policy suggestion to provide fiscal benefits to small and medium enterprises (SMEs) and start-up ventures in the key industrial verticals for adoption of IT would augur well for the IT Industry in Kerala. He further added that the Kerala IT industry welcomes the target of $300 billion of revenue for the IT industry by 2020 and the recommendation to create a pool of 10 million additional skilled manpower in the ICT sector. With many companies working on mobile apps and cloud technology, the thrust on these sectors will be specifically important for the State.
Several companies in Kerala, from Technopark, Trivandrum; Infopark, Kochi and outside also, welcomed the Union IT Minister’s statement that Government may offer sops to IT firms and software exporters after the Direct Taxes Code (DTC) comes into effect next year. The Software Technology Parks of India scheme which used to provide tax incentives to the Indian IT and ITeS companies ended in March this year. The effective tax rates have gone up for IT companies after the STPI scheme ended, trimming profits. IT companies along with their representative bodies like Nasscom and GTech had asked the government to extend the STPI scheme till the DTC came into effect.
Kerala IT News