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.