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Indian government policies


IT is regarded as one of the top 5 priority industries in India. IT is a part of national agenda and the government policies are framed in such a way so as to obtain maximum benefit out of IT outsourcing to India. The policy of liberalization and deregulation are aimed at supporting growth by opening Indian market and integration of Indian economy with the world economy. This has facilitated foreign companies to enter Indian markets. Now FDI investment from NRI including Overseas Corporate Bodies (OCB’s) owned by the NRI’s are warmly welcomed in India. The new National Telecom Policy has invited private precipitants to invest in the Indian telecom sector. The IT bill passed in the year 2000 provides legal framework for the recognition of electronic contracts, prevention of computer crime, and electronic filing of document. NASSCOM (National Association of Software and Services) in particular along with government of India is playing an important role in protecting the interests of the IT sector. Therefore, we can say that IT outsourcing to India has reached point of no return. In addition to this, the government of India has taken following steps in order boost investment in IT outsourcing:

Tax Incentive:

  1. Infrastructure: A 10-year tax holiday is given to companies engaged in developing, maintaining, or operating an infrastructure facility.
  2. Power: A 10-year tax holiday is given to those undertakings which generate or distribute power.
  3. Telecom: A 5-year tax holiday is given to companies providing telecom services including Internet services and broadband services. The government also offers a 30% tax deduction from profits for the period of the next 5 years in any 10 continuous years out of the first 10 years.
  4. Industrial Parks and Special Economic Zones: A 10-year tax holiday is applicable to ventures that develop and/or operate or maintain in notified IT parks and special economic zones.
  5. Other Industries: A five years tax holiday is available to industrial units to be set up in backward states and districts.
  6. Incentives for exports: Tax is deducted on exports profits for unit set up on EPZs, STP, EHTPs, FTZ, and SEZs.
  7. Tax concessions are allowed for FTI and a weighted deduction of 150% for scientific research and development expenditure has been offered. A 10-year tax holiday is also available for R&D companies engaged in scientific and industrial research.
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