One of the fastest growing sectors in India, IT-ITeS has been growing at a CAGR of 30 per cent.
With such huge potential, IT-ITES is one of the key thrust areas of Government of India.
Liberal Policy framework for the sector
- Continuous liberalisation and reform policies of Government of India had a positive impact.
- Liberalisation and reforms in the telecom sector have had a direct impact on the industry\'s competitiveness and created further avenues for the growth of IT and BPO sectors.
Export promotion and Tax/duty incentives
- Foreign Trade Policy 2004 - 2009 permits import of all kinds of computers (Except second hand computers) in India without any licences.
- EPCG Scheme for software sector allows import of capital goods at 5 % basic customs duty subject to undertaking certain export commitments - A number of Special schemes including Export Oriented Unit , Special Economic Zone etc offer a wide range of duty concessions and exemptions for IT exports.
13. Rising FDI and PE are indicative of India’s advantage and global interest Source: NASSCOM CAGR 178.6% Advantage India and business opportunities S e c t o r N u m b e r o f D e a l s V a l u e ( I N R B n ) I T - I T E S 3 3 1 9 . 9 M a n u f a c t u r i n g 2 3 1 5 . 4 H e a l t h c a r e a n d L i f e S c i e n c e s 1 3 9 B F S I 6 6 . 6 T e x t i l e s 1 2 6 . 5 FDI in IT-ITES Private Equity in IT -ITES
14.
15.
16.
17. The India Brand Equity Foundation is a public-private partnership between the Ministry of Commerce & Industry, Government of India and the Confederation of Indian Industry. The Foundation’s primary objective is to build positive economic perceptions of India globally India Brand Equity Foundation c/o Confederation of Indian Industry 249-F Sector 18, Udyog Vihar Phase IV Gurgaon 122015, Haryana, INDIA Tel +91 124 401 4087, 4060 - 67 Fax +91 124 401 3873 Email j.bhuyan@ciionline.org Web www.ibef.org
18. Disclaimer This publication has been prepared by ICRA Management Consulting Services (IMaCS) for the India Brand Equity Foundation (“IBEF”). All rights reserved. All copyright in this publication and related works are jointly owned by IBEF and IMaCS. The same may not be reproduced, wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or incidentally to some other use of this publication), modified or in any manner communicated to any third party except with the written approval of IBEF. This publication is for information purposes only. While due care has been taken during the compilation of this publication to ensure that the information is accurate to the best of knowledge and belief of IBEF and IMaCS, the content is not to be construed in any manner whatsoever as a substitute for professional advice. IBEF and IMaCS neither recommend nor endorse any specific products or services that may have been mentioned in this publication and nor do they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed on this publication. IBEF or IMaCS shall in no way, be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any reliance placed or guidance taken from any portion of this publication. ICRA Management Consulting Services Limited