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Information technology in India is an industry consisting of two major components: IT services and business process outsourcing (BPO). The sector has increased its contribution to India's GDP from 1.2% in 1998 to 7.5% in 2012.According to NASSCOM, the sector aggregated revenues of US$147 billion in 2015, where export revenue stood at US$99 billion and domestic at US$48 billion, growing by over 13%.India's prime minister Narendra Modi has started 'Digital India' project to give IT a secured position inside & outside India.
Information technology is playing an important role in India today
and has transformed India's image from a slow moving bureaucratic
economy to a land of innovative entrepreneurs.
The IT sector in India is generating 2.5 million direct employments.
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
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Bangalore is considered to be the Silicon Valley of India because it is the leading IT exporter.Exports dominate the industry and constitute about 77% of the total
industry revenue. However, the domestic market is also significant with a
robust revenue growth.The industry’s share of total Indian exports (merchandise plus
services) increased from less than 4% in FY1998 to about 25% in FY2012.
According to Gartner, the "Top Five Indian IT Services Providers" are Tata Consultancy Services, Infosys, Cognizant, Wipro , and HCL Technologies
Regulated VSAT links became visible in 1994.Desai (2006) describes the steps taken to relax regulations on linking in 1991In 1991 the Department of Electronics broke this impasse, creating a corporation called Software Technology Parks of India (STPI) that, being owned by the government, could provide VSAT communications without breaching its monopoly
STPI set up software technology parks in different cities, each of which
provided satellite links to be used by firms; the local link was a
wireless radio link. In 1993 the government began to allow individual
companies their own dedicated links, which allowed work done in India to
be transmitted abroad directly. Indian firms soon convinced their
American customers that a satellite link was as reliable as a team of
programmers working in the clients’ office.
Videsh Sanchar Nigam Limited
(VSNL) introduced Gateway Electronic Mail Service in 1991, the 64
kbit/s leased line service in 1992, and commercial Internet access on a
visible scale in 1992. Election results were displayed via National
Informatics Centre's NICNET
Technopark is a technology park in Thiruvananthapuram, Kerala, India. It is the largest information technology park in India in terms of built up area.[1]The park is dedicated to IT
ventures. Launched in 1990, Technopark as of 2015 has 9.33 million
square feet of built-up area, and is home to over 350 companies,
employing nearly 50,000 professionals. Technopark is currently on an
expansion mode by adding another 37 hectares as part of Phase III
expansion and 423 acres as Technocity—an integrated IT township near Pallippuram. The policy of economic liberalisation initiated by the government of India
in 1991 and the rapid growth of the global software industry during the
1990s substantially contributed to its growth. During the global financial crisis of 2007–2010, the park saw a period of reduced growth in 2009-10, where the exports recorded was only 2.8% more than the previous year.[2][3] As of 2014, Technopark accounts for about 55% of IT exports from Kerala.[2][3][4]
The units in Technopark include domestic firms, joint ventures and
subsidiaries of foreign companies engaged in a wide variety of
activities, which include embedded software development, smart card technology, enterprise resource planning (ERP), process control software design, engineering and computer-aided design software development, IT Enabled Services (ITES), process re-engineering, animation and e-business. Technopark is owned and administered by the Government of Kerala
and is headed by a chief executive officer. In addition to this, it has
a Governing Council and a Project Implementation Board, both of which
include top officials of the government.[5]
Administrative offices, including that of the CEO, are housed in the
Park Centre building. Technopark also hosts a Technology Business
Incubation Cell under Kerala Startup Mission.
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