“It is really encouraging that the Union Budget has increased the safe harbour limit to Rs 2,000 crore. Making it an automatic, rule-based model will simplify the process, save time, and reduce effort for companies. This streamlines accounting, tax, and compliance and also gives IT companies confidence to grow their business in India and contribute more to the country’s IT infrastructure. On top of that, the tax holiday for foreign companies with data centres here shows that India is creating a welcoming environment for international investment. The proposal to increase funding for industry-linked labs in tier 2 and tier 3 cities by 20 percent is another positive step, as it will open up more opportunities for emerging technologies and help nurture innovation across the country.”- Girish Hirde, Global Delivery Head at InfoVision,
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