Govt will facilitate growth in IT: PM

Jan 05 2014, 02:29 IST
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SummaryThe Prime Minister noted that Asia has been the driver of the global LNG demand in recent times.

Prime Minister Manmohan Singh on Saturday said the government was committed to providing an enabling environment to encourage further growth in this field. Singh was speaking after laying the foundation stone of the Tata Consultancy Services (TCS) Global Learning Centre.

“Pursuant to the recommendations of the Rangachary report, several taxation issues confronting the IT sector have been addressed.We are also engaged in the resolution of issues pertaining to immigration and visas and trying to improve the hardware ecosystem and are exploring the establishment of two semiconductor water fabrication manufacturing facilities,” he said.

The Prime Minister also dedicated Petronet LNG’s Rs 4,200-crore terminal in Kochi. The import terminal is expected to process 50 lakh tonnes of liquefied natural gas in a year.

The Prime Minister noted that Asia has been the driver of the global LNG demand in recent times. It is therefore important that major buyers of LNG in Asia come together to demand a fair pricing mechanism for gas being imported from outside of Asia. “I hope to see India contribute towards an effort of this kind in the future,’’ he said.

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