IT sector welcomes Budget's GCC and tax proposals

Quick Summary:

The proposal in the Union Budget to expand the presence of global capability centres (GCCs) to Tier II destinations is expected to strengthen the technology industry in India.

Indian IT industry’s trade body Nasscom, in its reaction to the Budget, said, “The budget has laid a sharp focus on enhancing ease of doing business for companies.

Measures such as a national guidance framework to help states promote and scale up GCCs is a significant step towards fostering sustainable growth in these regions.

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Article Details

Author / Journalist: Thimmaya Poojary

Category: StartupsEconomyBusiness

Markets: India

Topics: Gccs Transfer Union Capability Budget Safe Provide Pricing Harbour India Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-01 @ 13:49:30 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 677 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 25695206

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