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Mumbai, India, February 1, 2026 - Xoriant, a leading digital engineering company, welcomes the Union Budget 2026's strategic emphasis on strengthening India's IT services ecosystem through unified taxation and expanded Safe Harbour provisions, positioning the nation as a global technology capability hub.

Assessing the Budget's implications for digital engineering firms, Sourabh Jalan, Chief Financial Officer, Xoriant, said, “The continued support for AI and research-led innovation, combined with structural reforms in IT services taxation and transfer pricing, enhances long-term policy certainty. The move to treat software services, IT-enabled services, and contract R&D under a unified Information Technology Services framework with an expanded Safe Harbour regime reflects a mature recognition of the sector’s complexity and global role.

For digital engineering firms, there is unlock of downstream demand across cloud modernization, AI at scale, cybersecurity, and platform-led enterprise transformation. Collectively these measures enable the IT sector to move up the value chain while enhancing global competitiveness and firmly positioning the country not merely as a services exporter, but as a long-term global hub for technology capability and digital infrastructure.”

The unified IT services framework marks a turning point for India's digital engineering sector. With taxation certainty and expanded safe harbour provisions, the industry can now invest confidently in high-value capabilities that command premium valuations globally. This enables Xoriant to strengthen their positioning as trusted transformation partners for enterprises navigating complex digital futures.

Read the full coverage on: Forbes India | Enterprise Digital News | Business News Chronicle | Media Bulletins | Business News Week

About Xoriant

Xoriant is a Sunnyvale, CA headquartered digital engineering firm with offices in the USA, Europe, and Asia. From Tech Startups to Fortune 100 Enterprises, we enable innovation, accelerate time to market, and ensure client competitiveness across industries.

Across all our focus areas – platform engineering, cloud, data & and AI, and Security – every solution we develop benefits from our product engineering DNA and culture of innovation. It also includes successful methodologies, framework components, and accelerators for rapidly solving critical client challenges. For 30 years and counting, we have taken great pride in the long-lasting, deep relationships we have with our clients. For further information about Xoriant.

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