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theregister.co.ukAsia In Brief India wants to offer big tech companies tax breaks that last decades.
The nation’s finance minister Nirmala Sitharaman yesterday announced the schemes in the nation’s annual budget, which included a proposed tax holiday – extending until 2027 – for “any foreign company who provides services to any part of the world outside India by procuring datacenter services in India.”
Sitharaman said the measure recognizes “the need to enable critical infrastructure and boost investment in datacenters,” and will be available if services are procured through an Indian reseller.
This is clearly a plan to make India an attractive place from which to serve cloud workloads for customers outside the country. Datacenter operators and their customers will doubtless want to understand the legal implications of storing data in India before rushing to adopt the scheme.
Two other measures in the budget are also notable.
One suggests a five-year tax ...
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