Effectively the government paying you to move there by allowing you to not pay any taxes. So if your company is paying $2m/yr in taxes, you’re being paid $2m+ to move your operations. You’ll lose some of that to construction costs, but you’ll likely more than make that up by paying (comparatively to previous employees) slave wages to locals.
It’s a thing to encourage foreign investors.
Honestly, if the Modi govt. is still furthering that strategy, I think that they are out of good ideas and should hand over to another.
hey thats why they are pedalling it to india to have the datacenters, india is already cooking and MODI wants to give tax holidays.
What are tax holidays?
Effectively the government paying you to move there by allowing you to not pay any taxes. So if your company is paying $2m/yr in taxes, you’re being paid $2m+ to move your operations. You’ll lose some of that to construction costs, but you’ll likely more than make that up by paying (comparatively to previous employees) slave wages to locals.
It’s a thing to encourage foreign investors.
Honestly, if the Modi govt. is still furthering that strategy, I think that they are out of good ideas and should hand over to another.
modi probably wants it to shill AI-PROPAGANDA on indians, being as unpopular as he is.
IDK about that.
He seemed pretty popular around the previous election.