Budget 2012: Nothing great for IT sector, says Ganesh Natarajan, Zensar Technologies

NEW DELHI: The Union Budget 2012-13 presented by Finance Minister Pranab Mukherjee did not contain any significant booster for the IT sector, said Ganesh Natarajan, president and CEO of Zensar Technologies.

"Nothing much in the budget for IT and not enough focus on incentives for skill building or Tier 3 cities," he said.

However, he added that the announced advance pricing agreement may help transfer pricing decisions.

Natarajan also said that the $1 billion venture capital fund focused on MSME sector will be good for entrepreneurship.

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