Home / Knowledge / News / Business Process Industry witnesses phenomenal growth
Business Process Industry witnesses phenomenal growth
12
Feb '08
In a pre budget session organized by Business Process Industry Association of India (BPIAI) an affiliated association of Confederation of Indian Industry, issues like rising cost of real estate, salaries, tax ambiguities, extension of STPI scheme etc that have a detrimental impact on the growth of the Indian BPO industry were discussed in an open platform.

Speaking at the forum held at Gurgaon on 11 February 2008, Mr. Samir Chopra, President, BPIAI said that the Business Process Industry in India has witnessed phenomenal growth in the last few years.

Talking about the challenges he mentioned that the abrupt rise of the rupee against the dollar and pound have left many young BPO firms gasping for breath.

Tax sops from the Software Technology Parks of India (STPI) will also disappear for these companies and this might make investors avoid India and instead invest in other offshore locations like China, Sri Lanka and Philippines.

And this is why most believe, that the government stands to lose more in terms of indirect taxes than it will gain from taking away the tax breaks, he further added.

The Manufacturing and IT sector has enjoyed tax breaks for over 30 years where as the BPO industry being 5 years old has had very little time to benefit from this though the BPOs have the highest density of workforce thereby providing US 30 $ billion export opportunity to India. According to Mr. Chopra steps must be initiated to decouple the IT/ ITES from the BPO sector.

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search