Monday, March 4, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsGovTechBudget 2021: Govt should prioritize investments in Digital India to build strong IT infra

Budget 2021: Govt should prioritize investments in Digital India to build strong IT infra

Follow Tech Observer on Google News
Google News

The pandemic has impacted businesses globally. During this period, the software industry has played a crucial role in accelerating digital adoption for the Indian economy. While many economy-boosting steps have been taken by the government, further incentives under the ‘Make in India' initiative, specifically for software product companies, would help boost product innovation and create more employment opportunities.

Furthermore, the government should continue prioritizing investments for initiatives to build technological infrastructure and encourage digital transformation initiatives among enterprises.

As the popularity and relevance of remote access continue to grow, setting up data centres in the country will ensure further data security, privacy, and compliance. Streamlining processes related to special economic zones and labour laws governing the IT sector will also create a more conducive business environment.

The government needs to extend corporate tax benefits across the board and further simplify the GST process to facilitate smoother business activities. Improvement in tax structures and rates and tax exemptions on IT exports will improve ease of doing business not only within the country but also outside India.

India-based software product companies, regardless of their size, segment, or scale, should get additional benefits, under the ‘Make in India' initiative, as their products get more utilization in and outside the country. This will help local players develop world-class products that can offer a tough competition to their western counterparts.

The author is Chairman and Managing Director at . Views are personal.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Diwakar Nigam
Diwakar Nigam
Diwakar Nigam is Chairman and Managing Director at Newgen Software
- Advertisement -
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

IT leaders turn to enterprise open source for AI and cutting-edge tech: Ameeta Roy, Red Hat

"The open-source world is indeed complex, given the millions of ongoing projects. But the beauty of open source lies in its ability to foster innovation through collaboration," said Ameeta Roy, Senior Director, Solution Architecture for Red Hat India, South Asia.

RELATED ARTICLES