1. India exports software to 95 countries around the world.
2. MNCs are rushing towards India.
3. India Offers Multiple Advantages.
- India as an outsourcing destination, provides services
at reduced costs, with standard
quality assurance, updated technical skills set,
and services which are reliable and innovative.
- India has the largest number of SEI-CMM level 5 companies
in the world and will soon have the highest number of ISO-9000
software companies in the world, according to Nasscom.
- The Offshore
Outsourcing Model being practiced by Indian
software companies is world class in nature and widely
accepted around the globe.
4. Offshore Software Development in India
is strongly supported by the state-of-the-art technological
infrastructure for total ecommerce solutions.
5. India has the rich talent of working in
every segment of the IT and the Outsourcing
Industry. And the cheap labor rates and operational costs
help India have the cutting edge in the competition.
- Business Process Re-engineering
- System Migration
- Maintaining Legacy Systems
- System Integration
6. IT is a major thrust area for the Government
- IT is one of the Government of India's top five priorities.
- The Information Technology Bill that was passed in the
Indian Parliament in May 2000, has now been notified as
the IT Act 2000. With this, India joins a select band of
12 nations that have cyber laws.
- The graph shows the current and the future expected strengths
of India as compared to other destinations of the world.
To make India a better prospect, government has taken major
initiatives in the exports sector as well as the regulatory
sector of the industry.
7. India has a stable government and is one
of the world's 10 fastest-growing economies
- Indian service sector contributes a massive 51 per cent
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 in a study by the
Export-Import bank of Japan.
- Privatization of the infrastructure sector