Sinha chants IT mantra: Budget music to Software Industry

By : |April 9, 1999 0

The promising note of the Finance Minister’s speech
was that he was speaking `Dil Se’ and was concerned that the film
industry should not say, ‘Hum Apke Hain Kaun’.

The lobby of I&B Ministry, Pramod Mahajan has really
worked and a new section 80 HHF has been introduced for income tax
exemption to export of film, movie and music software.

It’s great news in this era of convergence wherein
content development would become a major industry in our country
and export of such content would not only bring valued Foreign Exchange,
but also provide great amount of employment back home.

Overall, the budget was music to the software industry.
As somebody said, “S for Sinha; S for software and S for superpower”.
One should see another year of 50 percent growth in the software
sector.

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