What Budget 2026-27 means for Indian IT industry: 8 Biggest announcements | India Business News

What Budget 2026-27 means for Indian IT industry: 8 Biggest announcements | India Business News

Photo credit: PTI Union finance minister Nirmala Sitharaman today presented the Union Budget for the Financial Year (FY) 2026-27. The announcements includes significant measures for accelerating the growth of India’s Electronics and Information Technology Sector. In a major push to attract global data centre investments, the government has proposed a 20-year tax holiday for foreign…

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Govt clears 22 electronics parts projects at Rs 42,000 crore investment

Govt clears 22 electronics parts projects at Rs 42,000 crore investment

NEW DELHI: In a major boost for electronics manufacturing, the Centre has cleared 22 new proposals – including from Samsung, Foxconn, Tata Electronics and Dixon – for component manufacturing entailing investments of nearly Rs 42,000 crore.The investments under the Electronics Components Manufacturing Scheme (ECMS) are projected to result in domestic production of Rs 2.6 lakh…

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