IT, ITeS sector to get 16.8 Bn in 2008-09

Friday, 29 February 2008, 13:46 Hrs
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New Delhi: The Indian IT and ITeS sector has been allocated 16.8 billion in 2008-09 from 15 billion in the current fiscal, Finance Minister P. Chidambaram said Friday.

"Government's forward looking policy is driving the growth of information technology and information technology enabled services. I propose to enhance the allocation to the Department of Information Technology from 1,500 crore (15 billion) in 2007-08 to 1,680 crore (16.80 billion) in 2008-09," Chidambaram said while presenting the national budget in the Lok Sabha Friday.

He also highlighted that the scheme for establishing 100,000 broadband Internet-enabled common service centres in rural areas and the scheme for establishing state wide area networks (SWAN) with the help of the government were under implementation.

"A new scheme for state data centres has also been approved. I propose to provide 75 crore (750 million) for the common service centres, 450 crore (4.5 billion) for SWAN and 275 crore (2.75 billion) for the state data centres," he said.
Source: IANS
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