STPI appoints Deloitte for incentive scheme in smaller cities

Would help dispersal of IT industry in smaller cities and also support STPI-registered units which have not come under SEZs as well as other units which are not covered under any incentive scheme

PTI | August 4, 2011



The Software Technology Parks of India has appointed consulting firm Deloitte & Touche to prepare an incentive scheme for companies in software parks, but only for those in smaller cities.

"We have just employed Deloitte to prepare an incentive scheme which will help existing units STPIs in tier II and III cities," STPI director general Omkar Rai said on Wednesday at an IT seminar organised by CII.

"It will help dispersal of IT industry in smaller cities and also support STPI-registered units which have not come under SEZs as well as other units which are not covered under any incentive scheme," he said. Rai said modalities were being worked out and they were hoping that in another three months they would be ready.

As per the latest government guidelines, the tax benefit under section 10A and 10B will stand withdrawn from March 2012. Apart from tax benefit, other benefits would continue. However, the IT industry believes that tax withdrawal would hit the small and medium sized IT firms in the country hard.

This incentive scheme is seen as an alternate scheme to compensate the STPI units, but the same would be restricted to those units located in tier II and III cities. Rai said the incentive scheme could be in several forms like reimbursements and incentives based on employment generated. There are a total 51 STPIs in the country which have a combined strength of some 7000 units.

Comments

 

Other News

What the nine Indian Nobel winners have in common

A Touch Of Genius: The Wisdom of India’s Nobel Laureates Edited by Rudrangshu Mukherjee Aleph Books, Rs 1499, 848 pages  

Income Tax dept holds Ghatkopar Outreach on new IT Act

The Income Tax Department organised an outreach programme in Ghatkopar, Mumbai, to raise awareness about the key features of the Income Tax Act, 2025, effective April 1, 2026. The initiative is part of a nationwide effort to promote taxpayer awareness, simplify compliance, and strengthen a transparent, eff

Making AI work where governance is closest to people

India’s next governance leap may not solely come from digitisation. It will come from making public systems more intelligent, more adaptive, and more responsive to the dynamics at the grassroots. That opportunity is especially significant at the panchayat level, where governance is not an abstract po

Borrowing troubles: How small loans are quietly trapping youth

A silent crisis is playing out in the pocket of young India, not in stock markets or government treasuries, but in smartphones of college students and first-jobbers who clicked on the Apply Now button without reading the small print.  A decade ago, to take a loan, you had to do some paperwor

A 19th-century pilgrim’s progress

The Travels of a Sadhu in the Himalayas By Jaladhar Sen (Translated by Somdatta Mandal) Speaking Tiger Books, 259 pages, ₹499.00  

India faces critical shortage of skin donors amid rising burn cases

India reports nearly 70 lakh burn injury cases every year, resulting in approximately 1.4 lakh deaths annually. Experts estimate that up to 50% of these lives could be saved with adequate access to skin donations.   A significant concern is that around 70% of burn victims fall wi


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter