NASSCOM Asks Govt To Create “Growth-oriented Business Environment”

The National Association of Software and Services Companies (NASSCOM) has asked the finance ministry to promote a healthy growth-oriented business environment in the country. It has emphasised on the need to focus on regulatory and tax challenges for technology start-ups and SMEs.

The information technology (IT) industry trade body suggested the government to extend credits for research and development and come up with new provisions to minimise the expenditure on manpower training.

NASSCOM president R Chandrashekhar said, “The government has been progressive and has committed to adopt technology for governance. With enabling policies and speedy implementation, we can surely realise the Digital India vision. The success of the flagship initiatives of the government — Digital India and Make in India — not only offer tremendous opportunities for the innovation driven technology industry, but its success also hinges on the sustainability and continued growth of the technology driven sector. Hence, factors that can potentially restrict growth and innovation needs to be addressed.”

The body also batted for the country’s growing e-commerce industry, suggesting that the taxes on online shopping should be at least equal to that on the physical transaction to promote technology-based platforms.