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Tech Mahindra has asked the Union Government to be proactive with countries that do not have equal or better immigration laws. “We must renegotiate tax treaties, facilitate cross border transfer pricing adjustments, for Indian MNCs to penetrate emerging markets in IT,” Tech Mahindra Managing Director and Chief Executive Officer C P Gurnani has said.
Tech Mahindra has asked the Union Government to launch a mission to provide a supportive framework to technology start-ups and small and medium enterprises in the Budget to be tabled in Parliament on Thursday.
"A connected world needs connected solutions. And going forward, the mantra for Indian IT companies has to be ‘collaborate, connect and Co-create' - offering specifically tailored model for each specialised domain,” he said here in a statement on Wednesday
“It is also important to identify and address difficulties related to taxation, regulations and funding environment,” he said.
The Government must induce confidence building measures for the industry on business environment, enhance job creation and make India a preferred destination by ensuring predictability, clarity and stability of taxation regime.
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