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By Amrita Premrajan, TimesJobs.com Bureau <\/strong>\n
'Make in India' and 'Digital India', two of Government's pet projects are opening up a number of fresh business opportunities for IT companies. But to aid this, some basic needs like well built pan-India network infrastructure, simple tax and transfer pricing regulations, exemption of tax on IT companies' and R&D budgets are essential. This time the IT industry<\/a> is calling out for these and more, from Budget 2015-16. Here is a look at 3 key pre-budget expectations of the IT industry:
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\nTax reforms<\/a> <\/strong>
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\"Government is taking up the 'Make in India' initiative in a big way. While it is a great initiative, the Budget needs to address issues of simplifying tax regulations, improve ease of doing business and accelerate the speed of big ticket tax reforms,\" shared Anil Valluri, president, NetApp India<\/a> & SAARC.
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\nSanjay Rohatgi, president, Symantec India added, \"Budget should be focusing on simplification, predictability and consistency in overall tax regime even as it goes for fiscal consolidation and broadening the tax need.\"
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\nLast year's budget, for the first time, recognised software product startups as an industry in itself that needs to be given a boost. With the government promising promoting innovation, Indian mid size IT companies are seeking tax incentives for their R&D centres from the Budget.
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\n\"IT product development has been a key focus area in the 'Make in India' initiative. We look forward to the upcoming Budget to promote culture of product development and innovation and exempt the entire R&D budget for IT companies from tax,\" shared LC Singh, vice chairman and CEO of Nihilent, a mid size IT company based in Pune.
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\nDriving investments <\/strong>
\nLack of a robust network infrastructure backbone is rendering the IT industry incapable of supporting the Government's 'Make in India' and 'Digital India' initiatives. In a bid to resolve this, the IT industry is asking for setting aside a chunk of the Budget for creating this tech backbone.
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\n\"To transform the lives of people by making them digital, a substantial amount needs to be earmarked to develop a robust network infrastructure across the country, which will be the foundation on which India's digital economy will be built. We also wish for reduction in taxation for IT players, who will be the key in realising this network infrastructure,\" said Singh.
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\nThe industry is also requesting a model where incentives will be offered to IT players who are ready to invest in these government-driven projects. \"The Budget should pave the way for expeditious implementation of e-governance projects by incentivising investments in world-class data centres and cloud computing infrastructure besides a chance to be a pioneer in the realm of Internet of Things,\" added Valluri.
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\n\"The massive government projects like 'Make in India', requires the establishment and nurturing of an enormous network of Indian tech product companies within the country to contribute to the dream. If the Budget offers monetary incentives to indigenous product companies, they can use this to boost investments in research and development,\" said Harsh Vardhan G, executive vice president-Global Marketing and Channels, Ramco Systems.
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\nIn a nutshell, some of the key pre-budget expectations of the IT industry are: <\/strong>
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\n> Simplification of the tax regime <\/em>
\n> Exempting R&D budget of IT companies from tax <\/em>
\n> Earmarking a chunk of budget for building a robust network infrastructure in India<\/em>
\n> Incentivising IT players who invest in 'Digital India' and 'Make in India' campaigns <\/em>
\n> Creative a conducive regulatory environment aiding ease of doing business in India<\/em>\n\n<\/body>","next_sibling":[{"msid":46235238,"title":"Telecom hiring recorded growth in Jan 2015, says Naukri.com","entity_type":"ARTICLE","link":"\/news\/industry\/telecom-hiring-recorded-growth-in-jan-2015-says-naukri-com\/46235238","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":46235469,"entity_type":"ARTICLE","title":"Tax reforms, investments to drive 'Make in India' & 'Digital India'","synopsis":"With the government promising promoting innovation, Indian mid size IT companies are seeking tax incentives for their R&D centres.","titleseo":"industry\/tax-reforms-investments-to-drive-make-in-india-digital-india","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":false,"artdate":"2015-02-13 19:56:10","lastupd":"2015-02-13 19:57:46","breadcrumbTags":["industry","NetApp India","tax reforms","MakeInIndia","Budget2015"],"secinfo":{"seolocation":"industry\/tax-reforms-investments-to-drive-make-in-india-digital-india"}}" data-authors="[" "]" data-category-name="Industry" data-category_id="18" data-date="2015-02-13" data-index="article_1">
由仙露Premrajan, TimesJobs.com
在印度,印度“数字”,政府的两个宠物项目是开放许多IT公司的新商机。但是援助,一些基本需求像pan-India网络基础设施建,简单的税收和转让定价法规,税收减免公司和研发预算是必不可少的。这一次,它行业这种呼唤,从预算2015 - 16。这是一个看3 IT行业的关键预算的期望:
税收改革
“政府正在使印度的计划在很大程度上。虽然它是一个伟大的计划,预算需要解决的问题简化税收法规,改善经商环境,加快大额税收改革的速度,”阿尼尔Valluri共享,总统,NetApp印度和南亚区域合作联盟。
总裁桑杰Rohatgi,赛门铁克印度补充道,“预算应该专注于简化、可预见性和一致性整体税制即使是财政整顿和扩大税收的需要。”
去年的预算,第一次认识到创业公司软件产品本身作为一个行业,需要提高。中期与政府承诺推动创新,印度IT公司正在寻求税收激励的大小研发中心的预算。
“产品开发一直是一个重点区域在印度的倡议。我们期待着即将到来的预算来促进产品开发和创新的文化,免除IT公司的整个研发预算税,“共享LC辛格Nihilent副董事长兼首席执行官,中期大小公司在浦那。
推动投资
缺乏一个强大的网络基础设施骨干呈现IT行业无法支持政府的“让印度”和“数字印度”计划。为了解决这个问题,IT行业要求留出一块创建这个预算的技术骨干。
”来改变人们的生活,使他们的数字,需要大量用于开发一个健壮的网络基础设施在全国各地,将印度的数字经济的基础将被建立。我们也希望减少税收的球员,谁将成为实现这一网络基础设施的关键,”辛格说。
业界也请求模型,激励将提供给玩家准备投资于这些政府主导的项目。“预算应该为迅速实现电子政务项目的激励在世界级的投资银行数据中心和云计算基础设施除了机会在物联网领域的先驱,“Valluri补充道。
“大规模的政府项目,比如在印度,需要建立和培养一个巨大的网络的印度国内科技产品公司作出贡献的梦想。如果预算提供货币激励本土产品的公司,他们可以使用这个来提高投资在研究和开发中,“严厉Vardhan G说,执行副接任全球营销和渠道,Ramco系统。
简而言之,一些关键预算IT行业的预期是:
>简化税制
>对研发预算的公司税收
>拨款的预算在印度建立一个健壮的网络基础设施
>开始鼓励球员投资“数字印度”和“让印度”活动
>创造有利的监管环境有助于缓解在印度做生意的
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