| The company has recently signed a business agreement with the Singapore-based Raffles Corporation for marketing its products and services in south-east Asian countries. |
| "We are planning to set up our new unit by the end of the current year to fuel our growth in the international arena. As part of the SBA, Raffles Corporation have agreed to market products and services of e.star worldwide through their network and contacts commission basis. |
| Raffles Corporation have agreed to give business of $5,000,000 and will provide full support at its various offices to e.star at its own cost, and office infrastructure amongst others. |
| "The SBA envisages putting in place a joint strategy aimed at tapping the existing and emerging potential in global marketing business," said Mahesh Thanvi, managing director, e.star Infotech. |
| The board of directors of the company will have to issue equity shares of the company to Raffles Corporation to the extent of 5 to 10 million equity shares out of existing capital held by promoters or preferential shares. |
| The shares to be issued shall be subject to the memorandum and article of association of the company and will rank pari passu with the existing equity shares of the company except that in respect of any dividend declared by the company for the financial year commencing from April 1, 2005, they will rank for the dividend from the date of allotment or from such date as may be determined by the directors of the company. |
| The company is registered as a 100 per cent export oriented unit with the Software Technology Park of India (STPI), set up by the ministry of information technology. The company enjoys various benefits such as income tax exemption for 10 years and sales tax deferment and exemptions. |
| The company can also import computer equipment without license and duty, subsidised electricity and power amongst other. |
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