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Union Budget 2008 | Nasscom expects extension of STPI

Union Budget 2008 | Nasscom expects extension of STPI
PTI
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First Published: Wed, Jan 16 2008. 04 02 PM IST
Updated: Wed, Jan 16 2008. 04 02 PM IST
Kolkata: Nasscom, the apex body of software developers in the country, has said it was hopeful that the government will extend the STPI scheme in the next budget.
“I have met the Finance Minister. We had sought extension of the Software Technology Park (STPI) scheme beyond 2009,” Nasscom president Som Mittal told PTI.
Mittal said the software industry in the country, although growing, was still at its nascent stage.
He said the STPI initiative of the government had helped small and medium scale companies and BPO’s. “These companies cannot move into the SEZs due to cost considerations”, he added.
“Nasscom is of the view that the scheme should be extended for which we had requested the Finance Minister,” Mittal said.
Comparing STPI with IT SEZs, Mittal said the latter would be located mostly in the major cities.
Mittal said Nasscom was encouraging geographical dispersion of software companies to Tier II and Tier III cities across the country.
“It is in the nation’s interest that the software companies be spread out”, Mittal said.
Even China and Phillipines were following the same model, he said.
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First Published: Wed, Jan 16 2008. 04 02 PM IST