The STPI extension request was not addressed in Union Budget 2008, India
IT industry is disappointed that its demand for extension of the Software Technology Parks of India (STPI) scheme beyond 2009 was ignored in the Union Budget on Friday.
Industry officials, however, kept a brave face, saying that they expect the issue to be dealt by the Government post-budget or in the next budget.
The STPI scheme that provides a 10-year Income Tax exemption in software technology parks expires, in March 2009.
We have one more budget to go. It could very well happen in post-budget announcements or in the next budget.