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What is this?KPIT Cummins’ reaction on Extension of the STPI scheme
Ravi Pandit, Chairman & Group CEO of KPIT Cummins shares his views on Extension of STPI scheme
“This is a welcome move for the entire industry, which is currently under a lot of pressure due to the strengthening Rupee and weakening US economy. Moreover, the STPI scheme holds a special importance for the smaller companies as it provides an impetus for accelerated growth.
The postponement of STPI scheme termination date by 1 year will definitely be a breather in the current economic climate. This is so because there will be one more year for increase in supply of SEZ facilities and will bring down the pressure of demand.”
