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How
India has become a mainstream outsourcing
Strategy
India continues to be the largest outsourcing
development location.
 India
dominates today's offshore market, with and
estimated 80% to 90% of offshore revenue.
There
are currently more than 3000 firms in Indian
software Industry.
Many Fortune 500 companies are currently
outsourcing from India :
AT&T, Boeing, Citibank, Coca Cola, General
Electric, General Motors, Pepsi, Philips, Sony,
Reebok, Wal-Mart, United Airlines and more..
More than 150 of Fortune 500 companies outsourced
their software requirement to Indian Software
Houses.
Advantages
India
Large
Human Resource
Every year, approximately 19 million students are
enrolled in high schools and 10 million students in
pre-graduate degree courses across India. Moreover,
2.1 million graduates and 0.3 million
post-graduates pass out of India's non-engineering
colleges.
While 2.5-3 percent of them find jobs in other
fields or pursue further studies abroad, the rest
opt for employment in the IT industry. If the flow
from high schools to graduate courses increases
even marginally, there will be a massive increase
in the number of skilled workers available to the
industry. Even at current rates, there will
approximately be 17 million people available to the
IT industry by 2008.
Indian
Education System
The Indian education system places strong
emphasis on mathematics and science, resulting in a
large number of science and engineering graduates.
Mastery over quantitative concepts coupled with
English proficiency has resulted in a skill set
that has enabled the country to take advantage of
the current international demand for IT.
Quality
Manpower
Indian programmers are known for their
strong technical skills and their eagerness to
accommodate clients. In some cases, clients
outsource work to get access to more specialized
engineering talent, particularly in the area of
telecommunications. India also has one of the
largest pools of English-speaking
professionals.
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Government
Policies
The
Indian government
recognizes that
Information Technology
will influence economic
development extensively
in the future. IT is a
pat of government's
national agenda and all
policies are driven to
achieve maximum benefit
to their industry.
The
liberalization and
deregulation initiatives
taken by the Indian
government are aimed at
supporting growth and
integration with the
global economy. The
reforms have reduced
licensing requirements
and made foreign
technology accessible.
The reforms have also
removed restrictions on
investment and made the
process of investment
easier
The
government is actively
promoting FDI,
investments from NRIs
(Non-Resident Indians)
including Overseas
Corporate Bodies (OCB's)
owned by the NRIs. FDI
can be brought in
through the automatic
route, based on powers
accorded to the Reserve
Bank of India.
Till
1994, DOT was the sole
provider of basic
telecom services in
India. The new National
Telecom Policy has
opened the field for
private
participants.
After
realizing the potential
of India as a major IT
power, the government
has taken several
initiatives to promote
the development of IT.
The Ministry of
Information and
Communication Technology
is playing an active
role in developing the
infrastructure that
supports the development
of information
technology. The IT Bill
passed in 2000 provides
a legal framework for
the recognition of
electronic contracts,
prevention of computer
crimes, electronic
filing of documents,
etc.
Amendments
have also been proposed
in the Indian Evidence
Act, Indian Penal Code
and the RBI Act. The
mechanism of digital
signature has been
proposed to address the
issues of jurisdiction,
authentication and
origination.
Recognizing
the importance of
Venture Capital Funding,
the Ministry of
Information Technology
has set up a National
Venture Fund for the
Software and IT Industry
with a corpus of Rs. 100
crore in association
with the Small
Industries Development
Bank of India (SIDBI)
and Industrial
Development Bank of
India (IDBI). The aim of
the Fund is to provide
Venture Capital to start
up software
professionals and IT
units in the small-scale
sector
The
IPR law in India
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