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    IT Industry

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    Sneha Deore
    - The Indian IT industry has grown significantly over the years, from $150 million in 1990-1991 to an estimated $50 billion in 2006-2007. It is expected to grow at an annual rate of 18% in the next five years and cross $100 billion by 2011. - Key segments of the IT industry include IT services, IT enabled services, software products, and hardware. Major cities that have emerged as IT hubs in India include Bangalore, Chennai, Hyderabad, Delhi, Pune, Kolkata, Mumbai, and Jaipur. - The government has played a role in the growth of the IT industry through initiatives like the National eGovernance Programmes, setting up of

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    IT Industry

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    Sneha Deore
    82 views16 pages
    - The Indian IT industry has grown significantly over the years, from $150 million in 1990-1991 to an estimated $50 billion in 2006-2007. It is expected to grow at an annual rate of 18% in the next five years and cross $100 billion by 2011. - Key segments of the IT industry include IT services, IT enabled services, software products, and hardware. Major cities that have emerged as IT hubs in India include Bangalore, Chennai, Hyderabad, Delhi, Pune, Kolkata, Mumbai, and Jaipur. - The government has played a role in the growth of the IT industry through initiatives like the National eGovernance Programmes, setting up of

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    - The Indian IT industry has grown significantly over the years, from $150 million in 1990-1991 to an estimated $50 billion in 2006-2007. It is expected to grow at an annual rate of 18% in the next five years and cross $100 billion by 2011. - Key segments of the IT industry include IT services, IT enabled services, software products, and hardware. Major cities that have emerged as IT hubs in India include Bangalore, Chennai, Hyderabad, Delhi, Pune, Kolkata, Mumbai, and Jaipur. - The government has played a role in the growth of the IT industry through initiatives like the National eGovernance Programmes, setting up of

    Copyright:

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    82 views16 pages

    IT Industry

    Uploaded by

    Sneha Deore
    - The Indian IT industry has grown significantly over the years, from $150 million in 1990-1991 to an estimated $50 billion in 2006-2007. It is expected to grow at an annual rate of 18% in the next five years and cross $100 billion by 2011. - Key segments of the IT industry include IT services, IT enabled services, software products, and hardware. Major cities that have emerged as IT hubs in India include Bangalore, Chennai, Hyderabad, Delhi, Pune, Kolkata, Mumbai, and Jaipur. - The government has played a role in the growth of the IT industry through initiatives like the National eGovernance Programmes, setting up of

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    c c 

    c 
    ‡ The Indian information technology (IT) industry has
    played a major role in placing India on the international
    map & is now envisioned to become a   

    
      
    ‡ According to a research report published by National
    Association of Software and Service Companies
    (NASSCOM), µIT-BPO Sector in India: Strategic Review
    2011,¶ the sector is estimated to aggregate revenues of
    US$ 88.1 billion in FY2011, with the IT software and
    services sector (excluding hardware) accounting for US$
    76.1 billion of revenues.
    J 
    ‡ India's software exports have grown at an annual
    average rate of more than 50% since 1991.
    ‡ Primarily a knowledge based industry, the IT industry of
    India has reordered significant success due to the huge
    availability of skilled personnel in India.
    ‡ Within exports, IT Services segment was the fastest
    growing segment u 
    u    
     
     and aggregating export revenues of US$ 33.5
    billion, a
    
    u     
       a   .
    ‡ India will see its number of internet users triple to 237
    million by 2015, from 81 million registered in September
    2010, according to a report titled 'Internet's New bn', by
    the Boston Consulting Group (BCG).
    c
    c    
    ‡ IT Services ± Government, banking, Financial Services,
    Retail and Distribution, Manufacturing.

    ‡ IT Enabled Services ± Customer Care, Back office


    services , Data entry ,data conversion, HR services,
    Data search , Market Research, Network Consultancy.

    ‡ Software Products

    ‡ Hardware ± Manufacturing and assembling of computer


    hardware.
    [     c
    c  
    ‡ Growing significantly over the years.
    ‡ The size of this sunshine industry of India grew from 150
    million US Dollars to 50 billion US Dollars between 1990-
    1991 and 2006-2007.
    ‡ India's IT industry is expected to grow at an annual
    average rate of 18% in the next five years.
    ‡ The industry is also expected to cross the 100 billion US
    Dollar mark by 2011.
    ‡ The industry is   u    its current
    size by the year 2012.
    ‡ 35% of total exports from India will be from IT exports.
    ‡ 225 billion US Dollars worth of market capitalization from
    IT shares.
    [   c 
    ‡ Government sector is a key catalyst for increased IT
    adoption.
    ‡ National eGovernance Programmes (NeGP) , and the
    Unique Identifi cation Development Authority of India
    (UIDAI) programme that creates large scale IT
    infrastructure and promotes corporate participation.
    ‡ The government set up the Êa
    a a   on
    Information Technology and Software Development with
    the objective of framing a long term National IT Policy for
    the country.
    ‡ Government is also setting up Information Technology
    Investment Regions (ITIRs). These regions would be
    endowed with excellent infrastructure and would reap the
    benefits of co-siting, networking and greater efficiency
    through use of common infrastructure and support
    c
     
    -  
    
    Information Technology Act 2000 addressed the following
    issues:
    ‡ Legal Recognition of Electronic Documents
    ‡ Legal Recognition of Digital Signatures
    ‡ Offenses and Contraventions
    ‡ Justice Dispensation Systems for Cybercrimes.

    ‡ The Information Technology Amendment Act, 2008 (IT


    Act 2008) has been passed on 23rd December 2008 and
    received the assent of President of India on 5th
    February, 2009.
    c   
    ‡ Between April 2000 and December 2010, the computer
    software and hardware sector received cumulative
    foreign direct investment (FDI) of US$ 10,601 million,
    according to the Department of Industrial Policy and
    Promotion.
    ‡ The total investments of EMC Corporation, a leading
    global player of information infrastructure solutions in
    India, will touch US$ 2 billion (over US$ 2.01 billion) by
    2014.
    ‡ Syntel, an IT company, plans to invest around US$ 50
    million in its global development centre in Chennai.
    ‡ Russian IT security software provider, Kaspersky Lab,
    will be investing US$ 2 million in its India operations at
    Hyderabad during 2011.
    ‡ On the back of 40 per cent revenue growth, Cognizant
    will invest more than US$ 500 million till 2014 to expand
    its campuses to add over 8 million square feet to house
    over 55,000 employees. It will create additional software
    development and training facilities in regions designated
    as special economic zones in Chennai, Pune,
    Coimbatore and Kolkata.

     c
     c c 
    ‡ Banglore
    ‡ Chennai
    ‡ Hyderabad
    ‡ NCR - National Capital Region Of India ± Delhi ,
    Gurgaon , Faridabad, Greater Noida, Fhaziabad.
    ‡ Pune
    ‡ Kolkata
    ‡ Mumbai
    ‡ Jaipur

      c
    J   c 
    c 
      ! 
     
    ‡ Information Technology Departments will be increasingly
    concerned with data storage and management, and will
    find that information security will continue to be at the top
    of the priority list.
    ‡ Cloud computing remains a growing area to watch. The
    job outlook for those within Information Technology is
    strong, with data security and server gurus amongst the
    highest paid techies.
      ! "     !
    ‡ Tata Consultancy Services Ltd (TCS) has announced
    the launch of its first BPO centre in the Philippines. This
    is also the firm's first BPO centre in the South-East Asian
    region
    ‡ Firstsource Solutions, a Mumbai-based business
    process outsourcing (BPO) provider, has announced a
    five-year outsourcing partnership with Barclaycard, the
    UK-based credit card and consumer lending business of
    Barclays PLC.
    ‡ Vertex, a global customer management outsourcing
    (CMO) and business process outsourcing (BPO)
    company, has announced a joint venture with Shell
    Transource to address the domestic BPO market. Vertex
    will own over 70 per cent in the joint venture, with Shell
    ‡ Four Soft Ltd, which offers software solutions for the
    logistics and transportation industry, has signed a large
    contract with Jacobson Companies, for implementing its
    multimodal transport management system and business
    intelligent tool across Jacobson locations globally.
    ‡ Patni Computer Systems has signed a five-year contract
    worth over US$ 32.09 million with UK-based IT services
    provider 2e2. Patni will provide a range of support
    services to 2e2's end-user clients and in-house support
    services.
    p 
    ‡ According to a report prepared by McKinsey for
    NASSCOM called 'Perspective 2020: Transform
    Business, Transform India' released in May 2009, the
    exports component of the Indian industry is expected to
    reach US$ 175 billion in revenue by 2020.
    ‡ The domestic component will contribute US$ 50 billion in
    revenue by 2020.
    ‡ Together, the export and domestic markets are likely to
    bring in US$ 225 billion in revenue, as new opportunities
    emerge in areas such as public sector and healthcare
    and as geographies including Brazil, Russia, China and
    Japan opt for greater outsourcing.
    p 

    http://www.economywatch.com/business-and-
    economy/software-industry.html
    http://trak.in/tags/business/2010/06/15/top-best-10-
    technology-companies-india/
    http://www.ibef.org/artdispview.aspx?in=38&art_id=2
    8088&cat_id=121&page=2

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