business-india-news

IT sector seen phenomenal growth: PM

Thiruvananthapuram, Jan 4 : Prime Minister Manmohan Singh on Saturday said the IT sector in India has witnessed phenomenal growth over the past several years.


In his address at foundation laying ceremony of TCS Global Learning Centre at Thiruvananthapuram in Kerala, Singh said: "The IT sector in India has witnessed phenomenal growth over the past several years, particularly in the area of software development."

"The Government stands committed to providing an enabling environment which encourages the sector to grow even further," he said.

The PM said pursuant to recommendations of the Rangachary Report, several taxation issues confronting the IT sector have been addressed.

"We are also engaged in the resolution of issues pertaining to immigration and visas.

"We are trying to improve the hardware ecosystem in the country and are exploring the establishment of two semiconductor wafer fabrication manufacturing facilities," said Singh.

--IBNS (Posted on 04-01-2014)

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