New Delhi, Feb. 1 -- The Centre on Sunday laid out a proposal for global cloud service providers such as Microsoft, Google and Amazon to use more of Indian data centres, promising zero tax on global cloud services provided by them through an Indian entity and from an Indian data centre, Union finance minister Nirmala Sitharaman said at her Budget speech in Parliament.
"Attracting global business and investment, recognising the need to enable critical infrastructure and boost investment in data centres, I propose to provide tax holiday until 2047 to any foreign company that provides cloud services to customers globally, by using data centre services from India," Sitharaman said.
The finance minister's ninth consecutive budget, however, d...
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