GOVERNMENT MAY ALLOW 100% WORK FROM HOME FOR SEZ EMPLOYEES
News: According to The Economic Times, the government may allow 100% work from home for SEZ employees. At present, WFH is permitted for a maximum period of one year in an SEZ unit and can be extended to 50% of total employees.
View: As per our understanding, facility expenses form 1-1.5% of sales for IT companies . IT companies in the conference call did mention about increasing facility expenses as one of the headwinds (minor) for margins in the near to medium term. Allowance of 100% work from home is expected to help in some savings, which would provide some support in the margin.
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