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

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Paolo Ocleppo
Sandvik Hyperion

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search