Press Esc to close
Wednesday 01 July 2015
News updated at 11:43 AM IST
Weather
Max: 33°C
Min : 19°C
In Bengaluru
Partially cloudy

Centre mulls fresh incentives for IT companies

Thiruvananthapuram, Dec 23, 2013, (IANS):
The central government is working out a new scheme to provide fresh incentives to information technology (IT) companies following demands from the industry, said a minister. PTI file photo

The central government is working out a new scheme to provide fresh incentives to information technology (IT) companies following demands from the industry, said a minister.

The decision comes after the income tax benefits to new IT companies set up under the Software Technology Parks of India (STPI) ended in 2011.

Speaking to reporters here Monday, Minister of State for Communications, Information Technology and Shipping Milind Deora said the finance ministry was working this out.

"IT companies coming under the STPI will be eligible for this new incentive," he said.

STPI was set up in 1992. All IT companies established under it were given income tax benefits.

After the scheme ended 2011, many IT companies from Kerala have been requesting for its extension.

"The central government will be considerate to the IT industry and for that, respective state governments will also have to play their parts by providing land to STPIs," added Deora.
Kerala IT exports recently crossed Rs.5,000 crore.

Deora pointed out he will be unable to do anything when companies from outside Kerala employ thousands here but the income they generate through Kerala operations is accounted for from the states  the firms are headquartered in.

"Yes, I agree it is not fair for such type of accounting, but then we have no say in that. The best what can be done is such companies should make it public that they employ so many people outside their headquarters," added Deora.

The STPI office here has now put up a demand for providing land for expanding operations in Kochi.


Go to Top

Photo Gallery
Sadhus shout religious slogans as they wait to register themselves for the Amarnath Yatra...

Sadhus shout religious slogans as they wait to register themselves for the Amarnath Yatra...

A police man makes video of the members of CPWD Contractors Association during...

A police man makes video of the members of CPWD Contractors Association during...

Prime Minister Narendra Modi with CEO, Airbus Defence and Space, Bernhard Gerwert...

Prime Minister Narendra Modi with CEO, Airbus Defence and Space, Bernhard Gerwert...

Three warships- Tarmugli, Tillanchang and Thiayu being launched...

Three warships- Tarmugli, Tillanchang and Thiayu being launched...

AIADMK supporters celebrate Tamil Nadu Chief Minister Jayalalithaa's victory...

AIADMK supporters celebrate Tamil Nadu Chief Minister Jayalalithaa's victory...

A farmer ploughs his paddy field as monsoon clouds hover in the sky at a village...

A farmer ploughs his paddy field as monsoon clouds hover in the sky at a village...

Actor Shahrukh Khan at the launch of a new range of Tag Heuer watches...

Actor Shahrukh Khan at the launch of a new range of Tag Heuer watches...

Jindal Kamakshi being taken to the dock in Mumbai

Jindal Kamakshi being taken to the dock in Mumbai

A group of elderly Muslims taking rest as they wait for Afternoon prayer at Jamia Masjid...

A group of elderly Muslims taking rest as they wait for Afternoon prayer at Jamia Masjid...

Dark monsoon clouds hover over Albert Hall during rainy day in Jaipur

Dark monsoon clouds hover over Albert Hall during rainy day in Jaipur

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523