Compendium on ‘Benefits Offered To IT/ITES’ by Pravin Arote, Director & CEO, Bizsolindia Services Pvt Ltd (July 2021)

Information Technology (IT) is playing an important role in India today & has transformed India’s image as a land of innovative entrepreneurs. India is now one of the biggest IT capitals of the modern world and all the major players in the world IT sector are present in the country. Information technology sector has placed India on the global map & is the most significant growth contributors for the Indian economy.

Indian Information Technology (IT) / Information Technology Enabled Services (IT/ITeS) industry is a global powerhouse today, and its impact on India has been incomparable. It has contributed immensely in positioning the country as a preferred investment destination amongst global investors and creating huge job opportunities in India, as well as in the USA, Europe and other parts of the world. The talent of this sector is recognised globally.

India is the topmost off-shoring destination for IT companies across the world. Having proven its capabilities in delivering both on-shore and off-shore services to global clients, emerging technologies now offer an entire new gamut of opportunities for top IT firms in India. Indian IT-ITeS industry offers cost-effectiveness, great quality, high reliability, speedy deliveries and, above all, the use of state-of-the-art technologies globally.

The Ministry of Electronics and Information Technology is coordinating strategic activities, promoting skill development programmes, enhancing infrastructure capabilities and supporting R&D for India’s leadership position in IT and IT-enabled Services.

Over the years, a large number of initiatives have been undertaken by various State Governments and Central Ministries to help in an era of e-Governance & accordingly efforts have been made at various levels to improve the delivery of public services and simplify the process of accessing them.

E-Governance in India has steadily evolved from computerization of Government Departments to initiatives that encapsulate the finer points of Governance, such as citizen centricity, service orientation and transparency.

The Government of Maharashtra has recognised IT industry as an important thrust area in the State. It is largely focusing on providing IT related infrastructure, fiscal incentives to IT units, IT in governance and institutional framework for the IT sector. These initiatives have enabled the IT industry of the State to establish a firm foundation for itself in the country. Besides, the State Government has framed an IT policy so as to make Maharashtra the most favoured destination for investments in the IT and ITES industry.

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