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India is a talent-rich country: Outsource IT talent |
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India exports software to 95 countries across the globe: Expertise in global methodologies According to McKinsey & Co., by 2008, India is projected to achieve $70-80 billion in software exports and ITES earnings. |
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India enjoys the confidence of global corporations: IT Outsource high quality brainpower
- 82% of the US companies ranked India as their first choice for software IT outsourcing
- Bill Clinton applauds India's brainpower, says "Indian-Americans run more than 750 companies in America's Silicon Valley."
- Jack Welch opens $130 million Technology Center in Bangalore, GE's largest R&D center outside the US celebrates 10 years of GE Medical Systems in India
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India Offers Multiple Advantages: |
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- IT Outsource to stay competitive.
- IT Outsource to a mature industry with world-class systems and quality
- Of the 23 software companies in the world that have achieved the prestigious SEI-CMM Level 5, 15 of them are Indian.
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India has state-of-the-art technologies for total solutions:
Offshore IT Outsourcing assignments have moved up the value chain - from data entry to large and complex turnkey projects of 200 to 300 person years. |
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IT Outsourcing is a major thrust area for the Government of India: |
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- IT is one of the Government of India's top five priorities.
- The National IT Task Force submitted its 108-point Action Plan to promote IT in the country.
- A separate Ministry of Information Technology was set up to expedite swift approval and implementation of IT projects and to streamline the regulatory process.
- Information Technology Act 2000: The Information Technology Bill that was passed in the Indian Parliament in May 2000, has now been notified as the IT Act 2000.
- India has joined a select band of 12 nations that have cyber laws.
- 100% Foreign equity is permitted and approved under the Automatic Route delegated powers to The Director STPI, tax holiday until 2010, etc.
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India is one of the world's 10 fastest-growing economies: |
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- Fifty years of democracy
- Indian service sector contributes a massive 51% to India's GDP. Within this category, the most promising is computer software export, which grew at an amazing rate of 40-50 per cent every year during the 1990s.
- Excellent investment potential: India ranked third in Asia, just after Japan and China, in terms of investment potential for the next 10-year period.
- Privatization of the infrastructure sector
- The intertwining of the ISP, Telecom, and VSAT, Cellular and networking sectors is creating a convergent network.
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