Why Outsourcing to India

1. India is a talent-rich country: Outsource IT talent
   
   
2. India exports software to 95 countries across the globe: Expertise in global methodologies According to McKinsey & Co., by 2008, India is projected to achieve $70-80 billion in software exports and ITES earnings.
   
   
3. India enjoys the confidence of global corporations: IT Outsource high quality brainpower
   
   • 82% of the US companies ranked India as their first choice for software IT outsourcing
   • Bill Clinton applauds India's brainpower, says "Indian-Americans run more than 750 companies in America's Silicon Valley."
   • Jack Welch opens $130 million Technology Center in Bangalore, GE's largest R&D center outside the US celebrates 10 years of GE Medical Systems in India
   
   
4. India Offers Multiple Advantages:
   • IT Outsource to stay competitive.
   • IT Outsource to a mature industry with world-class systems and quality
   • Of the 23 software companies in the world that have achieved the prestigious SEI-CMM Level 5, 15 of them are Indian.
   
   
5. India has state-of-the-art technologies for total solutions:
   Offshore IT Outsourcing assignments have moved up the value chain - from data entry to large and complex turnkey projects of 200 to 300 person years.
   
   
6. IT Outsourcing is a major thrust area for the Government of India:
   • IT is one of the Government of India's top five priorities.
   • The National IT Task Force submitted its 108-point Action Plan to promote IT in the country.
   • A separate Ministry of Information Technology was set up to expedite swift approval and implementation of IT projects and to streamline the regulatory process.
   • Information Technology Act 2000: The Information Technology Bill that was passed in the Indian Parliament in May 2000, has now been notified as the IT Act 2000.
   • India has joined a select band of 12 nations that have cyber laws.
   • 100% Foreign equity is permitted and approved under the Automatic Route delegated powers to The Director STPI, tax holiday until 2010, etc.
   
   
7. India is one of the world's 10 fastest-growing economies:
   • Fifty years of democracy
   • Indian service sector contributes a massive 51 % to India's GDP. Within this category, the most promising is computer software export, which grew at an amazing rate of 40-50 per cent every year during the 1990s.
   • Excellent investment potential: India ranked third in Asia, just after Japan and China, in terms of investment potential for the next 10-year period.
   • Privatization of the infrastructure sector
   • The intertwining of the ISP, Telecom, and VSAT, Cellular and networking sectors is creating a convergent network.