Mrs Veena Khandke, SVP & Managing Director of Ensono India
The Union Budget 2026 represents the Government of India’s bold commitment to positioning the IT services sector as the cornerstone of ‘Viksit Bharat.’ As a global leader in cloud migration, mainframe modernization, and digital transformation, Ensono applauds game-changing reforms that boost ease of doing business. The Safe Harbor threshold expansion to ₹2,000 crore with automated approvals and fast-tracked two-year Advance Pricing Agreements establish tax certainty, encouraging foreign investment and innovation in India’s technology sector.
Equally transformative is the tax holiday until 2047 for cloud service providers leveraging Indian data centers. This landmark policy positions India as a global hub for cloud computing, unlocking opportunities in hyperscale infrastructure, enterprise cloud solutions, cybersecurity, and AI-powered managed services areas central to Ensono’s expertise.
The government’s focus on workforce development through artificial intelligence upskilling, quantum computing initiatives, and STEM education for women ensures India builds future-ready talent. By creating pathways from education to entrepreneurship, Budget 2026 supports India’s ambitious target of capturing 10% global IT services market share by 2047.
These strategic measures reinforce technology as an economic growth driver, positioning India for sustainable competitiveness in the global digital economy.