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Rising cost forces IT companies to move abroad

April 2, 2008 by financeminister

Rising rental, tax and salaries are forcing Indian IT companies to look for cheaper countries.

Real estate prices have shot up drastically, thereby increasing the rental values. With regards to corporate taxes, countries like Singapore, Malaysia and many African countries have favorable tax regime. While the corporate taxes in India remains very high. The salaries of professionals has also increased at a fast rate.

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