India is the GCC capital of the world, says NASSCOM as sector revenue crosses $70 billion

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With nearly one-third of the world’s top 500 companies and about a quarter of the top 2,000 firms now running capability centres in the country, “India is the GCC capital of the world,” said Ashish Aggarwal, Vice President and Head of Public Policy at NASSCOM.

The segment’s revenue has almost doubled over the past five years to cross $70 billion.

India’s latest Union Budget 2006 has delivered a strong policy push for the IT and ITeS sector, especially for GCCs. The key reform is the expansion of the safe harbour rule in transfer pricing….



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India is the GCC capital of the world, says NASSCOM as sector revenue crosses $70 billion


With nearly one-third of the world’s top 500 companies and about a quarter of the top 2,000 firms now running capability centres in the country, “India is the GCC capital of the world,” said Ashish Aggarwal, Vice President and Head of Public Policy at NASSCOM.

The segment’s revenue has almost doubled over the past five years to cross $70 billion.

India’s latest Union Budget 2006 has delivered a strong policy push for the IT and ITeS sector, especially for GCCs. The key reform is the expansion of the safe harbour rule in transfer pricing….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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