New Delhi: Vodafone said its Indian arm has contributed over 2.2 billion pound (about Rs 22,300 crore) to public finances, including taxes, for financial year ended March 31, 2014.
The British telecom major said, “In 2013-14 our direct and indirect contributions to Indian public finances exceeded GBP 2.2 billion.”
Vodafone said this in its report on tax and its total contribution to public finances. It paid GBP 254 million, about Rs 2,536 crore, directly as taxes, GBP 1,088 million (Rs 10,863 crore ) as non-tax, indirect revenue contribution of GBP 893 million (Rs 8,916 crore) to Indian government, as per the report.
It added Vodafone also made capital investment of GBP= 715 million (Rs 7,139 crore) in India. “Vodafone has become one of India’s largest investors: we have spent more than GBP 12.8 billion in building our business in the country since 2007. We are also one of the country?s largest taxpayers,” the report said.
