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Ajai Chowdhry, CEO and Chairman, HCL Infosystems limited

Posted on July, Monday 06, 2009 By ITVN Network

Overall this budget is good. However, ICT Industry was looking for more support from the Govt. We had recommended a 100% depreciation on financing of IT equipments which was not included. On taxation aspect, the excise/CVD exemption is unclear as it was not stated whether VAT is included in this or not. The Govt. has also put a huge focus on R&D and it is good to see continuity of fiscal stimuli by the Govt. Various projects and schemes announced by Govt, will require increased role of Information Technology for eg. - the UID project. It is critical now to implement these projects at the earliest.

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