Chocko Valliappa, MD of The Sona Group, urges the government to allow the IT sector industries to channel CSR funds to sponsor internships
Chocko Valliappa opines that the IT Sector can help in skilling engineering students effectively by providing them with relevant internships, making them job ready. Business Standards’ article, “Give incentives for sectors impacted by economic meltdown: IT Leaders,” briefing IT leaders’ expectations from this Union budget quoted the MD of The Sona Group, Chocko Valliappa:
"The finance minister can help shape this talent pool for the job market by permitting the industry to invest 50 percent of their CSR spend as a stipend for internships to engineering students. This provision can turn out to be a win-win for both students and the tech companies,"
Regarding the Union Budget for the financial year 2023-24, other IT and Electronics industry leaders had urged the central government to discount a few tariffs and announce incentives for the sectors that are impacted by the recession.