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5 things IT entrepreneurs expect from the Budget

July 09, 2014 11:00 IST

5 things IT entrepreneurs expect from the Budget

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National Assocation of Software and Services Companies (Nasscom) vice chairman and executive chairman of Cyient Limited, BVR Mohan Reddy, wants the Union government to create a mission with initial seed capital of Rs 500 crore (Rs 5 billion) to promote entrepreneurship.

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Photographs: Sucheta Das SD/FA/Reuters

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5 things IT entrepreneurs expect from the Budget

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He stated his expectations from the 2014 Union Budget included creation of infrastructure and provision of incentives to the IT sector for moving to Tier II and III cities. 

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Photographs: Reuters

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5 things IT entrepreneurs expect from the Budget

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President of Hyderabad Software Exporters Association (Hysea) and managing director of Progress Software, Ramesh Loganathan, sought clear stipulations on transfer pricing, removing any ambiguities on how it must be computed and reduction in pricing.

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Photographs: Umit Bektas/Reuters

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CEO of Netxcell Limited, Debasis Chatterji, wants to see some control on inflation and a reasonable growth in the economy.

He also wants the government to create a conducive atmosphere to invest in the telecom sector as "4G/3G implementation requires lost of investment in telecom infrastructure." 

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Photographs: Reuters

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