Professional Documents
Culture Documents
ELECTRONICS INDUSTY IN
SOFTWARE INDUSTRY
• The Indian software industry truly symbolizes
India’s strength in the knowledge based
economy. Highly skilled human resources
coupled with low wage structure and world
class quality have transformed India into a
global powerhouse in the Information
Technology (IT) software services and solutions
sectors
OUTLINE
• The Indian Software Industry has grown from
a mere US $ 150 million in 1991-92 to a
staggering US $ 5.7 billion in 1999-2000.
• Indian Software Industry is estimated to be
worth USD 1.2 billion.
• According to statistics, country's software
exports reached total revenues of Rs 46100
crores.
• As of the year 2006-07, both software and
services revenue grew by 32 percent to $ 22
OPPORTUNITES
• Strong cost value proposition, driven by the low cost of
quality manpower and high quality work delivery.
• India has a large base of English speaking, skilled
manpower resource with experience on state-of-the-art
hardware and software platforms. This is supported by
a flourishing IT education market, producing high
quality software professionals across different areas in
the field.
• The government has announced software export sector
tax incentives-setting up of STPs and a VC funds.
• India has a well developed infrastructure support to aid
connectivity and data transfers.
POLICY INTIATIVES
• Besides Special Economic Zones (SEZs) and Export
Promotion Zones (EPZs), the government is
encouraging the setting up of Software Technology
Parks (STPs).
• STPs offer zero import duty on the import of all capital
goods, special 10 years income tax rebates, availability
of infrastructure facilities such as high-speed data
communication links, etc.
• Foreign companies can set-up operations in these zones
either through incorporation of the company as per
Indian Companies Act (with 100% equity holding).
GROWTH
EXPORTS
SOFTWARE INDUSTRY
LANDMARKS