Budget 2013: What's in store for IT?

Cigniti Chairman and MD Mr. CV Subramanyam speaks on the future of IT industry in Dataquest Magazine's February 2013 issue. In the article titled Budget 2013: What's in store for IT ?, he urges Government to simplify transfer pricing norms.
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Hyderabad, India (prHWY.com) February 25, 2013 - Improve debt funding to IP driven SME segment

We also need to substantially increase our spending on higher education, especially technological universities to encourage R&D, promote a culture of innovation, and improve the quality of skilled work force for the technology industry. "Improved debt funding to IP driven SME segment within IT will substantiate IT growth including job creation," elaborates CV Subramanyam, chairman and MD, Cigniti Technologies.

Simplify transfer pricing norms to eliminate innovation bottlenecks.

"Litigations of transfer pricing and interpretation of taxes on IT services rendered including on-site services are counterproductive to the growth of IT industry. These bottlenecks can be overcome by simple transfer pricing norms," elaborates CV Subramanyam, chairman and MD, Cigniti Technologies.

About Cigniti:

Cigniti is an Independent Software Testing Services Company, with over a decade of experience in test engineering service across verticals. Cigniti has deep expertise and proprietary frameworks to accelerate testing for improved time to market for its clients. Its state of the art tool and technology agnostic test labs offer 'on demand' access for key services such as core testing, test automation, performance testing, mobile testing, robotics testing and security testing.
Cigniti has global delivery centers in US, India, London, and Colombia.


Tag Words: quality assurance, service, testing, cigniti, independent testing, software testing
Categories: Technology

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