Information Technology (IT), a knowledge-based industry, has the tremendous potential of becoming an engine of accelerated economic process, productivity improvement for all sectors of the economy and means of efficient governance. It enhances access to information, protects consumers, provides access to government services, makes skill formation and training simpler, improves delivery health services, and promotes transparency. It provides tremendous employment potential and linkages between governments and therefore the people both at the agricultural and concrete level. Investment in knowledge based industries will determine the extent of the country’s dominant position within the world economy within the next two decades.
More importantly, the Indian IT sector is one among the most important and fastest growing markets and has led the economic transformation of the country. The IT sector has also created significant demand for specialized real-estate development which will cater to the specific requirements of the industry.
The market size of India’s IT-BPM sector is expected to grow to US$ 350 billion by 2025 and BPM is expected to account for US$ 50-55 billion out of the total revenue. The Information technology as an industry today occupies a strategic place in Indian economy and business. Its origin and growth in India have been phenomenal during the last two decades. Not only the economic and business environment has undergone a change but one can also see changes in the social sector as well. The education and employment fields have changed. It has played a key role in putting India on the global map. It has contributed substantially to the economic power of the country – it is envisioned to become a US$ 225 billion industry by 2020. With the new millennium, this industry has become the country’s premier growth engine, crossing significant milestones in terms of revenue growth, employment generation and value creation in addition to becoming the global brand ambassador for India. Entrepreneurs who invest in this project will be successfull
Few Indian major players are as under
Labvantage Solutions Pvt. Ltd.
Melstar Information Technologies Ltd.
Robert Bosch Engg. & Business Solutions Pvt. Ltd.
Silpa Infotech Ltd.
Silverline Technologies Ltd.
Soorya Water Technologies Ltd.