Seven million IT jobs to be created by 2009-Chidambaram

By SiliconIndia   |   Monday, 28 February 2005, 08:00 Hrs
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NEW DELHI: The Information Technology sector will generate an additional seventy lakh jobs by 2009, finance minister P. Chidambaram today said.

While presenting the budget, he said the government will strive to boost and increase the local manufacturing hub for not only for the region but even for the world.

Main highlights from the budget:

Proposal to set up a manufacturing competitiveness council that will look towards implementing the manufacturing competitiveness scheme on a national scale.

Seventy lakh additional jobs to be created in the IT sector.

Rs 12,000 crore allocated for the USO fund for year 2005-06 and the government proposes to connect 1687 sub-divisions with the help of BSNL.

5.2 lakh VPTs have already been provided by BSNL to the village population. The government is proposing to connect 66,822 villages to the national mainstream and

BSNL will take VPTs to these villages in the year 2005-06.

While, IT software will be exempted from CVT, the government is going to put four percent countervailing duty on imports for IT inputs. In addition to this, the government has identified about 270 electronic components and items on which the duty will be reduced to nil.

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