Pune’s Unfriendly Software Technology Parks (STP) Policies Driving Companies Away

An unfriendly policy for software technology parks (STP) and high property taxes seem to have driven IT companies away from the city, including, recently, a large multinational looking for 6 lakh sq. ft.

reports the Hindu.

There as been no new proposal for an STP in Pune since 2008. The taxes in Pune are a minimum of Rs. 4.50 and can go up to Rs. 9, compared to Bangalore (Re. 1), Hyderabad (80 paise), and Chennai (50 paise).

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One Response to Pune’s Unfriendly Software Technology Parks (STP) Policies Driving Companies Away

  1. Abhijit Athavale says:

    My contrarian view is that this is good. The local government has failed miserably to manage Pune’s growth. Even more growth would practically lead to chaos …

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