Kerala Assembly elections: IT industry pins hopes on incoming govt. for business continuity
The Hindu
The past five years have been a mixed bag for the IT industry in the State. With another Assembly election on the horizon, the front forming the next government is expected to focus on attracting more investment, address space availability and take steps, including control on rent increases, to make the situation more viable for existing companies.
Speaking to The Hindu, Sunil Jose, Chairman of the Group of Technology Companies (G-Tech), says that the IT industry currently comes under the Shops and Commercial Establishments Act, which is restrictive. He said the government has been largely supportive to the sector, but the issue of rents needs to be addressed as the 5% annual increase makes it unviable for many smaller companies.
More Related News