In the present situation, India is the finest destination for IT and IT enabled services through technopreneurs
in the world. The IT and IT enabled corporation in India was recognized by all over the universe for their
effective business related activities. The Indian IT industry has got a great success and also contributes a
lot in development of the economy. Electronics Corporation of Tamil Nadu Limited has been established
in the year 1977 and it has successfully completed its forty years of service towards the growth of the
nation’s economy as well as to give employment opportunities directly and indirectly to the society. ELCOT
is the IT hub for the technopreneurs in Tamil Nadu and allows its members to explore their talents all
over the world to satisfy the demands. This article describes the growth and expansion, current projects
with the major achievements of ELCOT in the current decade.
The Reserve Bank of India (RBI) performs several key monetary and non-monetary functions:
As the country's central bank, the RBI formulates and implements monetary policy, ensures an adequate supply of money, and monitors credit to productive sectors. It also designs, prints, and distributes currency. Additionally, the RBI acts as the government's banker, facilitates inter-bank transactions, regulates other banks, collects economic statistics, manages foreign exchange reserves, and promotes development through banking initiatives. One of its major tools for controlling the money supply is credit control.
The document discusses the doctrine of ultra vires under the Indian Companies Act of 1956. It defines ultra vires as an act beyond the powers specified in a company's memorandum of association. An ultra vires act is void and cannot be ratified. The doctrine originated with statutory companies being required to specify their objectives in a memorandum of association. A key case established that contracts outside these objectives were invalid. Exceptions allow shareholders to ratify intra vires acts done irregularly or amend the memorandum to allow previously ultra vires acts. The position in India remains unchanged from the original rulings, unlike modifications made in England.
The document provides an overview of the Reserve Bank of India (RBI), including its history, organization, functions, and role in monetary policy. Some key points:
- RBI was established in 1935 and serves as India's central bank, regulating the country's monetary policy and currency.
- Its key functions include financial supervision of banks, managing monetary policy, issuing currency, acting as banker to the government and banks, regulating the financial sector, and managing foreign exchange.
- RBI aims to control inflation through monetary policy tools like repo and reverse repo rates, cash reserve ratios, and open market operations. It also plays a developmental role in agriculture lending and disaster relief.
The document summarizes the statutory basis and key provisions of foreign exchange regulation in India. [1] The Foreign Exchange Regulation Act of 1973 and subsequent Foreign Exchange Management Act of 1999 form the statutory basis for regulating foreign exchange. [2] FEMA aims to consolidate and amend foreign exchange laws to facilitate trade and maintain an orderly foreign exchange market. [3] Key provisions of FEMA include regulating capital account and current account transactions, duties of authorized foreign exchange dealers, penalties for non-compliance, and establishment of authorities to enforce the act.
Consideration is an essential element of a valid contract. It refers to something of value that is exchanged between parties to a contract in order to make the promise or promises in the contract legally enforceable. Consideration can be in the form of an act, forbearance, or a return promise. It must be something of value that is offered willingly. Common examples of consideration include payment of money, provision of goods or services, a promise to do or refrain from doing something. For a contract to be valid, consideration typically must be present and pass from one party to the other at the time the contract is formed.
This document discusses the Securities and Exchange Board of India (SEBI). It states that SEBI was established in 1988 on the recommendation of the G.S. Patel committee and was made a statutory body in 1992 through an act. SEBI is headquartered in Mumbai and is managed by 5 members appointed by the Central Government. The document outlines SEBI's role of providing an efficient market and protecting investors. It also discusses SEBI's objectives, regulatory functions, development functions, and protective functions. Finally, it provides details on SEBI's organizational structure and the objectives of its advisory committees.
NABARD was established in 1982 to promote rural prosperity in India. It replaced existing agricultural credit and rural development institutions. NABARD operates nationwide with regional and district offices. Its mission is to support sustainable agriculture and integrated rural development through credit and other services. NABARD provides refinancing to banks and cooperatives, promotes rural policies, and works to enhance financial inclusion in rural areas through programs like Kisan Credit Cards, self-help groups, and watershed development.
The Reserve Bank of India (RBI) performs several key monetary and non-monetary functions:
As the country's central bank, the RBI formulates and implements monetary policy, ensures an adequate supply of money, and monitors credit to productive sectors. It also designs, prints, and distributes currency. Additionally, the RBI acts as the government's banker, facilitates inter-bank transactions, regulates other banks, collects economic statistics, manages foreign exchange reserves, and promotes development through banking initiatives. One of its major tools for controlling the money supply is credit control.
The document discusses the doctrine of ultra vires under the Indian Companies Act of 1956. It defines ultra vires as an act beyond the powers specified in a company's memorandum of association. An ultra vires act is void and cannot be ratified. The doctrine originated with statutory companies being required to specify their objectives in a memorandum of association. A key case established that contracts outside these objectives were invalid. Exceptions allow shareholders to ratify intra vires acts done irregularly or amend the memorandum to allow previously ultra vires acts. The position in India remains unchanged from the original rulings, unlike modifications made in England.
The document provides an overview of the Reserve Bank of India (RBI), including its history, organization, functions, and role in monetary policy. Some key points:
- RBI was established in 1935 and serves as India's central bank, regulating the country's monetary policy and currency.
- Its key functions include financial supervision of banks, managing monetary policy, issuing currency, acting as banker to the government and banks, regulating the financial sector, and managing foreign exchange.
- RBI aims to control inflation through monetary policy tools like repo and reverse repo rates, cash reserve ratios, and open market operations. It also plays a developmental role in agriculture lending and disaster relief.
The document summarizes the statutory basis and key provisions of foreign exchange regulation in India. [1] The Foreign Exchange Regulation Act of 1973 and subsequent Foreign Exchange Management Act of 1999 form the statutory basis for regulating foreign exchange. [2] FEMA aims to consolidate and amend foreign exchange laws to facilitate trade and maintain an orderly foreign exchange market. [3] Key provisions of FEMA include regulating capital account and current account transactions, duties of authorized foreign exchange dealers, penalties for non-compliance, and establishment of authorities to enforce the act.
Consideration is an essential element of a valid contract. It refers to something of value that is exchanged between parties to a contract in order to make the promise or promises in the contract legally enforceable. Consideration can be in the form of an act, forbearance, or a return promise. It must be something of value that is offered willingly. Common examples of consideration include payment of money, provision of goods or services, a promise to do or refrain from doing something. For a contract to be valid, consideration typically must be present and pass from one party to the other at the time the contract is formed.
This document discusses the Securities and Exchange Board of India (SEBI). It states that SEBI was established in 1988 on the recommendation of the G.S. Patel committee and was made a statutory body in 1992 through an act. SEBI is headquartered in Mumbai and is managed by 5 members appointed by the Central Government. The document outlines SEBI's role of providing an efficient market and protecting investors. It also discusses SEBI's objectives, regulatory functions, development functions, and protective functions. Finally, it provides details on SEBI's organizational structure and the objectives of its advisory committees.
NABARD was established in 1982 to promote rural prosperity in India. It replaced existing agricultural credit and rural development institutions. NABARD operates nationwide with regional and district offices. Its mission is to support sustainable agriculture and integrated rural development through credit and other services. NABARD provides refinancing to banks and cooperatives, promotes rural policies, and works to enhance financial inclusion in rural areas through programs like Kisan Credit Cards, self-help groups, and watershed development.
The Reserve Bank of India was established in 1934 under the Reserve Bank of India Act to regulate the country's currency, banking and credit systems. It has the objective of maintaining monetary stability and a sound banking system in India. The RBI is headed by a central board of directors and a governor and its key functions include issuing currency, acting as a banker to the government and commercial banks, regulating money supply and managing foreign exchange.
The Securities and Exchange Board of India (SEBI) regulates stock market transactions and intermediaries like brokers. SEBI issues guidelines to prevent unfair trading practices and regulate company reporting. SEBI permission is required for mergers, acquisitions, and takeovers. Research & Ranking is a SEBI-registered stock advisor that offers a personalized portfolio strategy using in-depth research reports to achieve long-term wealth growth for over 7,000 investors since 2016. Their solution provides a non-discretionary advisory platform focusing on education with a smart dashboard to track customized portfolios.
The document summarizes Kerala Financial Corporation (KFC), a state financial corporation established in 1953 to promote industrialization in Kerala. It provides long term financing to micro, small and medium enterprises. KFC has expanded its services over time and now provides various term loans, working capital loans, and consultancy services. It has also established social responsibility initiatives like supporting vocational training institutes.
Introductions to Indirect Tax - Types, Structure, Constitutional Powers, ReformsSundar B N
Constitutional Powers of Taxation
Comparison between Old and New Tax stream
Structure of Indian Tax System
Different Types of Taxes
Taxes under Indirect Tax Family in India
Recent Tax Reforms Committees and its Recommendations
Canons of Taxation
Public Finance
Public Expenditure
Public Revenue
Welfare State
Fiscal Discipline
The Reserve Bank of India (RBI) is the central bank of India and was established in 1935. It regulates the entire banking system and monetary policy in India with the objectives of maintaining price stability and adequate credit. RBI acts as a banker, debt manager, and financial advisor to the government, regulates foreign exchange and payment systems, and works to promote the development of the Indian economy through various institutions and policies.
The documents discuss the history of banking in India. They describe how the three Presidency Banks were established in the 19th century and later amalgamated to form the Imperial Bank of India in 1921. The Imperial Bank performed some central banking functions until the Reserve Bank of India was established in 1935. The RBI took over as the central bank and continues to regulate monetary policy and the banking system in India.
The document provides information on the Securities and Exchange Board of India (SEBI) Takeover Code. It discusses that the SEBI Takeover Code regulates acquisitions of shares or control in Indian listed companies. It also outlines the three most significant orders passed by SEBI in 2017 related to the Takeover Code for acquisitions in Refex Industries Limited, Deep Industries Limited, and Pudumjee Industries Limited. Additionally, it provides background on SEBI, the objectives of SEBI regulations, and a summary of the latest amendments made to the SEBI Takeover Code.
Entrpreneurship development institute of india(edii)Simran Kaur
The Entrepreneurship Development Institute of India (EDII) is an autonomous, not-for-profit institute established in 1983 that is sponsored by major banks to promote entrepreneurship. EDII operates 12 state-level centers and institutes and offers educational programs like a 2-year post-graduate diploma for entrepreneurs. EDII's vision is to become an international leader in facilitating entrepreneurship, while its mission includes increasing the supply and competitiveness of entrepreneurs and small businesses in India. EDII works to promote micro-enterprises, support institution building, develop entrepreneurial spirit in youth, and collaborate with other organizations.
The prevention of money laundering act, 2002 (2)Himanshu Goyal
The document summarizes key aspects of India's Prevention of Money Laundering Act of 2002. It defines money laundering and outlines the three main stages: placement, layering, and integration. It describes various criminal activities that can generate illicit funds and popular methods used to launder money. The summary also discusses important sections of the act related to definitions, objectives to prevent money laundering, punishment for offenses, attachment and confiscation of property, and search and seizure powers of authorities. The overall purpose of the act is to combat money laundering in India.
The document discusses the World Trade Organization (WTO) and its impact on the Indian economy. It provides background on the establishment and objectives of the WTO. While WTO membership has increased exports and foreign investment for India, it has also posed challenges. The agreement on intellectual property rights and increased competition from foreign firms in sectors like pharmaceuticals and services have been unfavorable for India's economy. Overall, the WTO both benefits and disadvantages India's trade.
Corporate Governance in India & SEBI RegulationsAtif Ghayas
This document discusses corporate governance in India and regulations from the Securities Exchange Board of India (SEBI). It defines corporate governance and outlines its key principles and objectives. It also discusses SEBI's role in establishing standards and protecting investors following scandals. The largest example discussed is the Satyam scandal, where the CEO confessed to overstating profits by billions through fake accounts and invoices.
The document discusses the preamble of the Indian constitution. It provides background on how the preamble was drafted and adopted, explaining that it was based on the objective resolution introduced by Nehru. It describes the key elements and objectives outlined in the preamble, including that India is a sovereign, socialist, secular, democratic republic that aims to secure justice, liberty, equality and promote fraternity. It discusses debates around whether the preamble is legally part of the constitution. While an early case held it was not, the Kesavananda Bharati case and later rulings found that it is a part of the constitution that can provide context to interpretation.
This presentation is on Security Exchange Board (SEBI) which gives the brief about the SEBI with its objective, function, details about the chairman, rules
This document defines key terms related to banking relationships. It states that while the Banking Regulations Act does not define "banker", it is generally considered to be someone who receives money and processes transactions for customers. A customer is defined as someone who has an account with a bank. The relationship between a banker and customer can be general, involving roles like creditor-debtor, or special, involving roles like trustee, bailee, agent, or custodian. Duties of bankers include maintaining secrecy, honoring transactions, and submitting statements. Rights of bankers include general lien, pledge, set-off, appropriation, and charging interest.
The World Trade Organization (WTO) was established in 1995 as the only global international organization dealing with the rules of trade between nations. It has 164 member countries and seeks to liberalize trade through negotiations, establish global trade rules, settle disputes, and review trade policies. While WTO membership provides benefits like market access and dispute settlement, it also poses challenges for developing nations and their policies around agriculture and food security. Recent issues involve Japan threatening India with a WTO case over steel trade restrictions and India pushing for negotiations on food security programs.
Presentation on companies act 2013... (2)kamal ega
The document discusses key aspects of company law in India. It provides definitions of a company and its characteristics like corporate personality and limited liability. It traces the history of company law in India and summarizes the key aspects of the Companies Act of 2013 like increased transparency, recognition of new business structures like One Person Companies, and mandatory requirements for women directors and auditing rotation.
In the context of a company, the word ‘meeting’ implies
The coming together of a certain number of members;
For transacting the business in the agenda;
For which a previous notice has been issued.
The document discusses the relationship between bankers and customers. It defines key terms like banker, customer, and the various types of relationships that can exist between them such as creditor-debtor, debtor-creditor, beneficiary-trustee, and principal-agent. It also outlines the obligations of banks, rights of bankers, special types of customers like minors and partnerships, and principles of lending.
1. Allotment refers to the acceptance of an offer to purchase shares. For allotment to be valid, certain requirements must be met including delivery of a prospectus to regulators, minimum application amounts, and minimum subscription levels being received.
2. Shares must also be listed on the stock exchange(s) mentioned in the prospectus.
3. Companies must complete allotment within 30 days of the subscription closing and obtain stock exchange approval for the basis of allotment. They must also complete trading formalities within 7 days of finalizing the allotment basis.
This document discusses the growth and development of the IT and ITeS industry in India. It notes that the industry has grown rapidly over the past two decades, with Indian IT companies becoming globally prominent. The industry contributes significantly to India's GDP and exports. Major government initiatives like setting up software parks and economic zones have supported the industry's growth. Key cities housing major IT hubs include Bangalore, Mumbai, Delhi, Chennai, and Hyderabad. The revenue of the Indian IT sector increased over 200% between 2008-09 and 2015-16, reaching $143 billion. However, the industry must continue reinventing itself through new business models and partnerships to sustain growth.
Technopreneurship and Development of IT and ITeS Industry in IndiaRAVICHANDIRANG
Primarily, among numerous sectors of
the economy IT and ITeS industry is one whose
service is required for the rapid growth of the
economy and primarily the information technology
and information technology enables services sector
has covered the in-house development of the
nations’ infrastructure. In general, IT and ITeS
handles most of the official and unofficial
information. There is a lightning growth of Indian
software industry with the participation of global
corporate dominators for the past two decades.
Indian IT sector has contributed most in the
production and export of the software based
applications to all over the universe. This paper
highlights the growth and performance of IT and
ITeS and also examined the contribution and
development of IT and ITeS in Indian industry.
The Reserve Bank of India was established in 1934 under the Reserve Bank of India Act to regulate the country's currency, banking and credit systems. It has the objective of maintaining monetary stability and a sound banking system in India. The RBI is headed by a central board of directors and a governor and its key functions include issuing currency, acting as a banker to the government and commercial banks, regulating money supply and managing foreign exchange.
The Securities and Exchange Board of India (SEBI) regulates stock market transactions and intermediaries like brokers. SEBI issues guidelines to prevent unfair trading practices and regulate company reporting. SEBI permission is required for mergers, acquisitions, and takeovers. Research & Ranking is a SEBI-registered stock advisor that offers a personalized portfolio strategy using in-depth research reports to achieve long-term wealth growth for over 7,000 investors since 2016. Their solution provides a non-discretionary advisory platform focusing on education with a smart dashboard to track customized portfolios.
The document summarizes Kerala Financial Corporation (KFC), a state financial corporation established in 1953 to promote industrialization in Kerala. It provides long term financing to micro, small and medium enterprises. KFC has expanded its services over time and now provides various term loans, working capital loans, and consultancy services. It has also established social responsibility initiatives like supporting vocational training institutes.
Introductions to Indirect Tax - Types, Structure, Constitutional Powers, ReformsSundar B N
Constitutional Powers of Taxation
Comparison between Old and New Tax stream
Structure of Indian Tax System
Different Types of Taxes
Taxes under Indirect Tax Family in India
Recent Tax Reforms Committees and its Recommendations
Canons of Taxation
Public Finance
Public Expenditure
Public Revenue
Welfare State
Fiscal Discipline
The Reserve Bank of India (RBI) is the central bank of India and was established in 1935. It regulates the entire banking system and monetary policy in India with the objectives of maintaining price stability and adequate credit. RBI acts as a banker, debt manager, and financial advisor to the government, regulates foreign exchange and payment systems, and works to promote the development of the Indian economy through various institutions and policies.
The documents discuss the history of banking in India. They describe how the three Presidency Banks were established in the 19th century and later amalgamated to form the Imperial Bank of India in 1921. The Imperial Bank performed some central banking functions until the Reserve Bank of India was established in 1935. The RBI took over as the central bank and continues to regulate monetary policy and the banking system in India.
The document provides information on the Securities and Exchange Board of India (SEBI) Takeover Code. It discusses that the SEBI Takeover Code regulates acquisitions of shares or control in Indian listed companies. It also outlines the three most significant orders passed by SEBI in 2017 related to the Takeover Code for acquisitions in Refex Industries Limited, Deep Industries Limited, and Pudumjee Industries Limited. Additionally, it provides background on SEBI, the objectives of SEBI regulations, and a summary of the latest amendments made to the SEBI Takeover Code.
Entrpreneurship development institute of india(edii)Simran Kaur
The Entrepreneurship Development Institute of India (EDII) is an autonomous, not-for-profit institute established in 1983 that is sponsored by major banks to promote entrepreneurship. EDII operates 12 state-level centers and institutes and offers educational programs like a 2-year post-graduate diploma for entrepreneurs. EDII's vision is to become an international leader in facilitating entrepreneurship, while its mission includes increasing the supply and competitiveness of entrepreneurs and small businesses in India. EDII works to promote micro-enterprises, support institution building, develop entrepreneurial spirit in youth, and collaborate with other organizations.
The prevention of money laundering act, 2002 (2)Himanshu Goyal
The document summarizes key aspects of India's Prevention of Money Laundering Act of 2002. It defines money laundering and outlines the three main stages: placement, layering, and integration. It describes various criminal activities that can generate illicit funds and popular methods used to launder money. The summary also discusses important sections of the act related to definitions, objectives to prevent money laundering, punishment for offenses, attachment and confiscation of property, and search and seizure powers of authorities. The overall purpose of the act is to combat money laundering in India.
The document discusses the World Trade Organization (WTO) and its impact on the Indian economy. It provides background on the establishment and objectives of the WTO. While WTO membership has increased exports and foreign investment for India, it has also posed challenges. The agreement on intellectual property rights and increased competition from foreign firms in sectors like pharmaceuticals and services have been unfavorable for India's economy. Overall, the WTO both benefits and disadvantages India's trade.
Corporate Governance in India & SEBI RegulationsAtif Ghayas
This document discusses corporate governance in India and regulations from the Securities Exchange Board of India (SEBI). It defines corporate governance and outlines its key principles and objectives. It also discusses SEBI's role in establishing standards and protecting investors following scandals. The largest example discussed is the Satyam scandal, where the CEO confessed to overstating profits by billions through fake accounts and invoices.
The document discusses the preamble of the Indian constitution. It provides background on how the preamble was drafted and adopted, explaining that it was based on the objective resolution introduced by Nehru. It describes the key elements and objectives outlined in the preamble, including that India is a sovereign, socialist, secular, democratic republic that aims to secure justice, liberty, equality and promote fraternity. It discusses debates around whether the preamble is legally part of the constitution. While an early case held it was not, the Kesavananda Bharati case and later rulings found that it is a part of the constitution that can provide context to interpretation.
This presentation is on Security Exchange Board (SEBI) which gives the brief about the SEBI with its objective, function, details about the chairman, rules
This document defines key terms related to banking relationships. It states that while the Banking Regulations Act does not define "banker", it is generally considered to be someone who receives money and processes transactions for customers. A customer is defined as someone who has an account with a bank. The relationship between a banker and customer can be general, involving roles like creditor-debtor, or special, involving roles like trustee, bailee, agent, or custodian. Duties of bankers include maintaining secrecy, honoring transactions, and submitting statements. Rights of bankers include general lien, pledge, set-off, appropriation, and charging interest.
The World Trade Organization (WTO) was established in 1995 as the only global international organization dealing with the rules of trade between nations. It has 164 member countries and seeks to liberalize trade through negotiations, establish global trade rules, settle disputes, and review trade policies. While WTO membership provides benefits like market access and dispute settlement, it also poses challenges for developing nations and their policies around agriculture and food security. Recent issues involve Japan threatening India with a WTO case over steel trade restrictions and India pushing for negotiations on food security programs.
Presentation on companies act 2013... (2)kamal ega
The document discusses key aspects of company law in India. It provides definitions of a company and its characteristics like corporate personality and limited liability. It traces the history of company law in India and summarizes the key aspects of the Companies Act of 2013 like increased transparency, recognition of new business structures like One Person Companies, and mandatory requirements for women directors and auditing rotation.
In the context of a company, the word ‘meeting’ implies
The coming together of a certain number of members;
For transacting the business in the agenda;
For which a previous notice has been issued.
The document discusses the relationship between bankers and customers. It defines key terms like banker, customer, and the various types of relationships that can exist between them such as creditor-debtor, debtor-creditor, beneficiary-trustee, and principal-agent. It also outlines the obligations of banks, rights of bankers, special types of customers like minors and partnerships, and principles of lending.
1. Allotment refers to the acceptance of an offer to purchase shares. For allotment to be valid, certain requirements must be met including delivery of a prospectus to regulators, minimum application amounts, and minimum subscription levels being received.
2. Shares must also be listed on the stock exchange(s) mentioned in the prospectus.
3. Companies must complete allotment within 30 days of the subscription closing and obtain stock exchange approval for the basis of allotment. They must also complete trading formalities within 7 days of finalizing the allotment basis.
This document discusses the growth and development of the IT and ITeS industry in India. It notes that the industry has grown rapidly over the past two decades, with Indian IT companies becoming globally prominent. The industry contributes significantly to India's GDP and exports. Major government initiatives like setting up software parks and economic zones have supported the industry's growth. Key cities housing major IT hubs include Bangalore, Mumbai, Delhi, Chennai, and Hyderabad. The revenue of the Indian IT sector increased over 200% between 2008-09 and 2015-16, reaching $143 billion. However, the industry must continue reinventing itself through new business models and partnerships to sustain growth.
Technopreneurship and Development of IT and ITeS Industry in IndiaRAVICHANDIRANG
Primarily, among numerous sectors of
the economy IT and ITeS industry is one whose
service is required for the rapid growth of the
economy and primarily the information technology
and information technology enables services sector
has covered the in-house development of the
nations’ infrastructure. In general, IT and ITeS
handles most of the official and unofficial
information. There is a lightning growth of Indian
software industry with the participation of global
corporate dominators for the past two decades.
Indian IT sector has contributed most in the
production and export of the software based
applications to all over the universe. This paper
highlights the growth and performance of IT and
ITeS and also examined the contribution and
development of IT and ITeS in Indian industry.
This document discusses the growth and development of the IT and ITeS industry in India. It notes that the industry has grown rapidly over the past two decades, with Indian IT companies becoming globally prominent. The industry contributes significantly to India's GDP and exports. Major government initiatives like setting up software parks and economic zones have supported the industry's growth. Key cities housing major IT hubs include Bangalore, Mumbai, Delhi, Chennai, and Hyderabad. The revenue of the Indian IT sector increased over 200% between 2008-09 and 2015-16, reaching $143 billion. However, the industry must continue reinventing itself through new business models and partnerships to sustain growth.
113 technopreneurship and development of it and i te s industry in indiachelliah paramasivan
This document discusses the growth and development of the IT and ITeS industry in India. It notes that the industry has grown rapidly over the past two decades, with Indian IT companies becoming globally prominent. The industry contributes significantly to India's GDP and exports. Major government initiatives like setting up software parks and economic zones have supported the industry's growth. Key cities housing major IT hubs include Bangalore, Mumbai, Delhi, Chennai, and Hyderabad. The revenue of the Indian IT sector increased over 200% between 2008-09 and 2015-16, reaching $143 billion. However, the industry must continue reinventing itself through new business models and partnerships to sustain growth.
This document discusses the growth and development of the IT and ITeS industry in India. It notes that the industry has grown rapidly over the past two decades, with Indian IT companies becoming globally prominent. The industry contributes significantly to India's GDP and exports. Major government initiatives like setting up software parks and economic zones have supported the industry's growth. Key cities housing major IT hubs include Bangalore, Mumbai, Delhi, Chennai, and Hyderabad. The revenue of the Indian IT sector increased over 200% between 2008-09 and 2015-16, reaching $143 billion. However, the industry must continue reinventing itself through new business models and partnerships to sustain growth.
The document summarizes the evolution and growth of the IT sector in India over the past few decades. It discusses how the IT industry emerged in the 1970s and grew significantly in the last 20 years, with 20 times increase in export revenues. The key drivers of growth have been the software services and BPO industries. Government policy changes in the 1980s helped liberalize the sector and led to the development of a world-class IT industry in India. Major IT hubs like Bangalore, Hyderabad, and Pune have emerged. The industry now employs over 2 million people and plays a major role in the Indian economy.
The document outlines Telangana's vision and policy framework for the IT sector. The key points are:
1. Telangana aims to double IT exports and employment in 5 years and establish 3 tier-2 cities as IT hubs.
2. The policy focuses on expanding existing IT/ITES units, developing new IT parks, and incentivizing mega and small/medium enterprises.
3. Priority areas include expanding units, electronics, entrepreneurship, skilling, e-governance, digital initiatives, promotions, and quality of living.
Press release IMC institute press conferenceIMC Institute
IMC Institute was founded to focus on conducting research on Thailand's ICT markets and policies, developing human capital for emerging technologies, and supporting startup businesses. The Institute will focus on trends like cloud computing, mobile technology, social media, and big data. Its goals are to research IT markets and usage in Thailand, provide training on emerging technologies, and facilitate business matching for startups. IMC formed in partnership with ATCI to drive Thailand's ICT industry and help it compete globally amid rapid technological changes.
Can ICT Reduce Poverty and Unemployment and Elevate Development Integrating M...Dr. Amarjeet Singh
Information and Communication Technology
(ICT) can boost the performance of people and improve
overall human capital for the alleviation of poverty in a
society. Today, ICT is considered as one of the major
sources of driving force for the overall economic
development integrating with Micro, Small and Medium
Enterprises (MSMEs). The e-Commerce has a great role in
achieving business performance in the emerging Asian
countries. However, MSMEs are experiencing more
challenges that prevent them from further increasing their
business. The earlier studies question to which extent
MSMEs have benefited from these businesses. Therefore,
the main purpose of this study is to demonstrate the
importance of ICT in developing MSMEs based on the
success stories of emerging Asian countries. This study
based on subjective/argumentative i.e., idea generation in
Information Systems (IS). The findings of the study reveal
that the MSMEs utilizing ICT can alleviate poverty and
unemployment. It also reveals that MSMEs with ICT and
e-Commerce can enhance employment and new job
creation that can contribute to the overall economic
development. This study is expected to extend for further
an empirical investigation broadly on the same issue to
validate the research results.
The document discusses the history and growth of the IT service industry in India. It covers the four periods of development characterized by the principal technologies used: premechanical, mechanical, electromechanical, and electronic. It also discusses the top 10 IT companies in India, opportunities and challenges in the industry, emerging trends like social media, e-commerce, cloud computing and mobile applications. Career opportunities in the industry for software engineers and other roles are also mentioned.
Information Technology - Industrial AnalysisSanjay Mishra
Information technology is playing an important role in India today & has transformed India’s image as a land of innovative entrepreneurs. The IT sector in India is generating 2.5 million direct employment. 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.
The document discusses the industrial development of Tamil Nadu. It notes that Tamil Nadu has a diversified manufacturing sector and is a leader in industries like automobiles, engineering, pharmaceuticals, textiles, and chemicals. It outlines some of the key characteristics and factors influencing industrial productivity, including technological development, human resources, finance, management, government policy, and natural factors. It also mentions some of the key organizations promoting industrial development in Tamil Nadu, including TIDCO, SIPCOT, TIIC, and TSIDC. The National Manufacturing Policy aims to increase manufacturing GDP to 25% and create 100 million new jobs. The Index of Industrial Production provides monthly and annual data on the pace of industrial production growth in the
The interview was with Arun Chandran, Vice President of Corporate 360. Corporate 360's mission is to create rural job opportunities and provide skills training. They focus on women empowerment through their "Smart Worker" program which provides digital work and income. As VP, Arun's major duties include training employees, implementing the company's vision and strategic goals, and overseeing daily operations to ensure success.
The document discusses the IT and ITES sectors in India. It defines IT as the study, design, development and management of computer-based information systems, while ITES refers to the outsourcing of processes that can be enabled by IT, such as finance, HR and administration. India has become a major global outsourcing destination for IT and ITES due to an English-speaking workforce, lower costs, and a large skilled talent pool. The sectors have grown significantly and now contribute over 7% to India's GDP, with major hubs located in Bangalore, Chennai, Hyderabad and Pune. Leading companies in the space include TCS, Infosys and Wipro.
hi , in this document i have provided all the details about the foreign direct investment details in tamilnadu, the statistics of investment , and the proper guidance for the buisness man from us or europe who want to invest in the tamilnadu state of india.
Economic Growth of Information Technology (It) Industry on the Indian Economyijcnes
Information Technology (IT) is an important emerging sector of the Indian Economy. IT in India is an industry comprising of two noteworthy segments IT administrations and business process outsourcing (BPO).The segment has expanded its commitment to Indias GDP from 1.2% in 1998 to 9.3% in 2015. According to NASSCOM, the segment amassed incomes of US$147 billion out of 2015, with send out income remaining at US$99 billion and household income at US$48 billion, developing by more than 13%.Indias present Prime Minister Narendra Modi has begun a venture called �DIGITAL INDIA i.e., Computerized India to help secure IT a position both inside and outside of India. The IT sector has served as a fertile ground for the growth of a new entrepreneurial class with innovative corporate practices and has been instrumental in reversing the brain drain, raising Indias brand equity and attracting foreign direct investment (FDI) leading to other associated benefits. The Size of this sector has increased at a tremendous rate of 35% per year during the last 10 years. This Paper examines the India�s growth in IT industry and also studied the impact of IT on the Indian Economy.
This document provides an overview of Bengaluru's IT cluster:
- Bengaluru emerged as a major IT hub in India, home to over 4,500 IT companies including 3,500 domestic firms and 750 multinationals. It has the largest number of IT/ICT companies and professionals in India.
- The Infosys model of establishing IT training centers and collaborating with universities helped address skills needs and established Bengaluru as the premier destination for IT in India. Most state governments then set up their own IT parks.
- Key factors in Bengaluru's success include lower costs, a skilled workforce, support from government policies, and the presence of major companies applying positive externalities through their operations.
Indo-Canada dialogue: Opportunities in the automotive segment in the backdrop...IET India
On the 3 February 2020, the Institution of Engineering and Technology (IET) and the High Commission of Canada organised a joint round table on the topic ‘Opportunities in the automotive segment in the backdrop of Industry 4.0 – An Indo-Canadian Start-up Dialogue.’ The discussion revolved around diverse perspectives on how the Indian and Canadian automotive industry is gearing towards embracing new-age technology and what new offerings exist for companies based out of countries like Canada - especially in the back drop of Industry 4.0
The document discusses the growth of the IT sector in Karnataka state, India. It notes that Karnataka, with Bangalore as its capital, has emerged as a major hub for the Indian IT industry and accounts for one of the largest concentrations of IT organizations in the country. The state government has implemented various policies and initiatives like setting up IT parks and special economic zones to attract investment and further promote the growth of the IT sector. The document highlights the key role played by the development of the IT industry in transforming Karnataka's economy and increasing opportunities for employment and progress.
Similar to It and ITeS Industry in Tamil Nadu With Reference to ELCOT (20)
The document discusses different leadership styles and qualities of effective leaders. It describes autocratic leadership as centered on the boss who makes unilateral decisions, while democratic leadership involves subordinates in decision making. Transformational leadership motivates followers to achieve more than originally intended. Effective leadership involves facilitating teamwork, managing conflict, developing others and communicating a compelling vision. The document contrasts leaders with bosses, noting that leaders inspire and support followers through commitment and values, while bosses focus on control and standards.
Start-up is a basic thing that a person trying to do something original. Technopreneurs are the genes of technology based entrepreneurs, but they are not only bearing the risk in business and also crossing the danger zone in innovative and initiative a new kind of product and service to the society. In recent years, India concentrates on the development of start-up environment and deserves that, this is the best season to promote the techno start-up for the massive pillar in the upcoming trends. Since 2010, entire developed nations were focusing on the roar of technopreneurs of our nation. In the present situation, government of India highly offering outstanding opportunities to its extent and this may set the new milestone for the next phase of the start-up environment.
Opportunities and challenges for rural entrepreneurship in indiaSelladurai Muthusamy
Rural entrepreneurship has an imperative role to play in the
development of Indian economy. Taking into account the fact that
nearly 70 percent of the Indian population calls rural India it's home,
adequate funding and support can provide a prosperous entrepreneur
atmosphere in these communities. So far as it is known that rural India
as compared to the majority population is economically poor, younger,
more secluded geographically, secluded from the main markets, racially
imbedded in tradition, less dynamic economically and experiencing
depopulation. It is to be noticed that most of the entrepreneur
development policies are adapted to meet the needs of the urban India.
Such policies will have to be changed by establishing such centers
which exclusively deal with the rural communities and provide
consulting and research facilities.
The universe is looking so attractive with all its greeneries and sceneries, these are all highly possible only because of the appreciation and promotion of human beings. Peoples may also differ by colour, religion, language, and native and even by gender. Understanding the differences and accepting the reality with encouraging everyone will lead the life more awesome. Like the primary and secondary gender men and women looking forward in all the aspects especially in education. On the other side the differentiated transgender community also tries to move with them and grabs to get the basic and advanced knowledge through higher education. Universal Declaration of Human Rights states that, “Everyone has the right to education. Education shall be free, at least in the elementary and fundamental stages. Elementary education shall be compulsory. Technical and professional education shall be made generally available and higher education shall be equally accessible to all on the basis of merit”. India too having some unbreakable norms and laws for the education of the transgender. But the question is, Are they have awareness on these laws? Do they have knowledge on their rights to attain the education? Do the society is ready to serve these kind of humans? and finally Are we ready to have a friendly relationship with transgender?
Government of India have initiated and introduced number of entrepreneurial and technopreneurial events to promote business policy and induce the interest of the young generation of the nation to become an employment providers. Unique spirit of economic support is now moving the country and bringing changes. A sequence of motivated economic reforms targeted the universe and stimulating foreign share has moved India into the top rank of the rapidly growing country in Asia and Pacific region. Startup has released the hidden strengths of our peoples and transforming the nation with trigging force. India’s dynamic and highly competitive private sector has long been the backbone of its economic activity. Technology and entrepreneurship are becoming the slogans of the new millennium. In this study, we focussed on the enormous activities which are ongoing in research and development areas and platforms for new technologies and also resulting into the institutional background of innovating technologies.
Service Quality and Passengers Satisfaction of Southern Railways by SERVQUAL ...Selladurai Muthusamy
The economic growth of a country is mostly depends on the infrastructure and construction available in their area. Substructure link the peoples to services, markets and jobs and helps people to live healthy and productive lives. Transport facility is an important aspect of infrastructure facilitating mobility of goods and people from one place to another place. The passengers expect huge services from Indian Railways, but the railways providing few of the service in good quality and many of its services are not good. When the Indian Railways is not fulfil the passenger’s expectation, they are ready to switch over to another mode of transportation service. So, Indian railways to go down passenger business earning, in recent year the railway freight services only to contribute major role in Railway earnings. The railways passenger earnings were not good in past few years. Indian railways has to improve their services to world class. The main aim of the study is to identify the socio economic background of railway passengers and to analyse the gap between passenger’s expectation and perception of service quality.
Start-up is a basic thing that a person trying to do something original. Technopreneurs are the genes of technology based entrepreneurs, but they are not only bearing the risk in business and also crossing the danger zone in innovative and initiative a new kind of product and service to the society. In recent years, India concentrates on the development of start-up environment and deserves that, this is the best season to promote the techno start-up for the massive pillar in the upcoming trends. Since 2010, entire developed nations were focusing on the roar of technopreneurs of our nation. In the present situation, government of India highly offering outstanding opportunities to its extent and this may set the new milestone for the next phase of the start-up environment. This paper deals with the development of technopreneurship in India and contribution to the start-up technopreneurs, new schemes and well equipped technology parks will be implemented for the welfare of the new start-up and commencing new technical education centres with mentors and advisers.
In the current scenario, India reaches the world class apparatus and ready to compete with the top leaders of the universe. India succeeds in launching the missiles and satellites, got well trained and unbeatable defence force to protect the nation and holding high class transportation facilities within it. India grown into the prime role of transportation and rail industry is the key point of the Indian transport system. In the field of rail transportation, India got so many experiences while implementing the recent technologies. This article is going to discuss about the high speed trains in India. This research may relate to the present situation of the high speed trains in the world countries as well as in our nation. The study might include the initiation idea of the high speed rails in India. The estimated stations were selected for the high speed rails and the international countries like Japan, France, Korea, China are showing more interest on funding India to finish the assignment. In this special period Government of India formed a unique department for the high speed railways named High Speed Rail Corporation of India Ltd. This paper concentrates on the development and execution of the planning was established by the government in an effective manner.
Technology is one of the dominated factors in the present day industrial establishment. Application of technology is transformed into technology based business play a key role in the entrepreneurship. Technopreneurship it is a simple entrepreneurship in a technology intensive context. It is a process of merging technology prowess and entrepreneurial talent and skills. Technopreneurship is one of the emergent concepts in the topical developments in business particularly in developing countries. This paper makes an attempt to disclose the conceptual background of the Technopreneurship.
An investor has different investment avenues to park his/her hard earned savings. Investment is the current commitment of money or other resources in the expectation of repairing future benefit. Investment is an economic action. This involves creation of assts or exchange of assets with profit motive. This survey analyse the investors favourite investments avenues and also analyse the before making investment decisions. Because sometimes fear and greed while making investment decisions play a vital role while making their investment decisions. The survey has been conducted among 350 investors in different parts of Salem. The collected data have been analysed with the help of chi-square test and percentages.
A Study on Effectiveness of Training Programme in SPB Ltd., PallipalayamSelladurai Muthusamy
Training increases the knowledge and skills of an employee for doing a particular job. The main output of training is learning. Training offers & inculcates new habits, refined skills & useful knowledge during the training that helps him improve performance. Training is a learning experience that is planned & carried out by the organization to enable more skilled task behaviour by the trainee. Training provides the ability to detect & correct error. Training provides skills & abilities that may lie called on the future to satisfy the organization’s human resource needs.
A Study on Consumer Satisfaction towards Nestle Baby Foods in Salem CitySelladurai Muthusamy
A Newborn human being is called a baby. The word probably came from the first spoken sound, “ba-ba”, made by many small babies. The newborn human infant is very helpless and depends on adult people for its survival. Newborn babies are perfectly formed by tiny human beings are usually weight between two and four kg. Premature babies weight 900 grams or even less and have to be kept alive in a special apparatus called an incubator. If they were kept free from grams and are carefully fed, they can live and grow to a normal size. They feed on milk which may be provided by sucking at their mother’s breasts, a method of feeding which is characteristic of all animals. Milk for the baby is especially suited to their needs. Children are valuable assets of a nation and it is their welfare that strengthens its social and economic development. Infant and child mortality is one of the key items in this Indian demographic scene. Thus, the importance of the subject of infant feeding hardly needs emphasis. It is subject, which concerns about 25-30 million babies that are born annually in our country and several millions of mothers who will be rearing them.
A Study on Satisfaction of Tourists visiting Yercaud of Salem DistrictSelladurai Muthusamy
In order to develop tourist industry, tourist satisfaction has been a considerable goal
for many countries. In fact, developing the tourist industry is the target of any
government all over the world because it can generate GDP and jobs. Particularly,
developing tourist industry is desirable for all countries because it will benefit not
only the industry itself, but also generate a strong flow-through effect in other
sectors such as retail, transportation, and construction. In the recent decade,
decision makers in the tourist industry have been trying to increase the level of
tourist satisfaction in different manners. This indicates the level of satisfaction in
tourist industry need to be studied more. The present study is based purely on
primary data. Data were collected using the personal contact approach.
Questionnaires were distributed to a sample of 200 respondents who are all visited
in Yercaud of Salem district by adopting Simple random sampling method. The
conclusion will be given.
A Study on Customers Satisfaction towards Sony Television in Salem CitySelladurai Muthusamy
The prestigious history of Indian television has envisioned the development of audio visual media
in the nation. In recent times, Indian television is said to be in close amalgamation with the private
channels that offers all kinds of entertainment and educational shows in a perfect dazzling presentation.
The Indian television or the small screen has achieved strata of indispensability. Life without the audio
visual media is imagined to be a standstill one. The glamour packed soaps and serials, reality shows, talk
shows and other entertainment packages encompass a major section of Indian lifestyle. The main
objective of the study is to find out the customer satisfaction towards Sony television. The present study is
based purely on primary data. Data were collected using the personal contact approach. Questionnaires
were distributed to a sample of 100 respondents in Salem city were surveyed. Simple random sampling
method is to be adopted for the present study. The conclusion will be given.
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
Dive into this presentation and learn about the ways in which you can buy an engagement ring. This guide will help you choose the perfect engagement rings for women.
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Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
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The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
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How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
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HR search is critical to a company's success because it ensures the correct people are in place. HR search integrates workforce capabilities with company goals by painstakingly identifying, screening, and employing qualified candidates, supporting innovation, productivity, and growth. Efficient talent acquisition improves teamwork while encouraging collaboration. Also, it reduces turnover, saves money, and ensures consistency. Furthermore, HR search discovers and develops leadership potential, resulting in a strong pipeline of future leaders. Finally, this strategic approach to recruitment enables businesses to respond to market changes, beat competitors, and achieve long-term success.
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
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Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
2. J. Adv. Res. Entrep. Innov. SMES Mgmt. 2017; 3(3)
2
Paramasivan C et al.
Review of Literature
Vijayasri GV had studied the impact of information
technology sector on the Indian economy.13
The information
technology sector has served as a basement for the growth
of a new entrepreneurial status with innovative business
practices and has been instrumental in with drawing the
braindrain,raisingIndia’sbrandimageandattractingforeign
direct investment leading to other associated benefits. The
area of this sector has increased at an incredible rate of 35%
per year over the last 10 years. Its support to the national
gross domestic product is projected to be around 8.5 by
the year 2010-11. Exclusive subsidies and export incentives
were the stimulating way of the growth of IT sector.
Geetha V had discussed the institutional history of these
technology parks in India.11
The economic liberalization of
1991, the government of India established the software
technology parks of India scheme and opened numerous
software parks around the country. These parks have played
a critical role in the growth of India’s software sector.
In recent years, private software parks have also been
established in different parts of India. The government of
India is now promoting biotechnology parks to encourage
growth of this emerging sector. The biotech parks are still
in their infancy with a few operating parks and it will take
charge as soon as possible.
Rahul C had explained the rise and growth of India’s IT
industry. In general, ITeS covers all aspects of managing
and processing information.6
The last decade of 20th
century has witnessed IT sector have revolutionary effect
of the humanity. In the last two decades there is 20 times
increase in export revenues for the IT industry, employing
over two million people. Today the whole IT industry is
playing a major role in Indian economy and shows how
to analyse the growth and performance of information
technology industry in India. Various aspects of information
technology industry like composition, revenue, exports,
wealth creation, size and share, localization etc. were
studied.
Rao SR, Bagali MM had examined the acceptance of gender
diversity between employees and how the effect of diversity
management courses and practices has taken by different
IT companies and also investigates influence of difficulties
present in IT industry.7
The population for the study
comprises of employees from Information Technology firms
including IT servicing companies and ITeS-BPO companies
has situated at Bangalore. With the help of focus group
interview and discussions with HR managers of reputed
companies, questionnaire was developed by the researcher.
The tool was found to be reliable with advanced variables
framed in questionnaire.
Fernando PJ had identified some key situations that had
optimisticorpessimisticrelationshipswiththedevelopment
of the software and ITeS industry in India.3
The valuable
and high tech analysis is well structured in order to
assist in unravelling the complex problems encountered
in developing economic growth strategies. It is a visible
evidence of achievement in software and ITeS exports,
there is a serious deficiency of research on how the
different strategies accepted by the subnational regions
influenced the specific development path of the industry
in the corresponding regions. It looks like a strongest
argument for the significance of this article.
IT Industry in Tamil Nadu
Tamil Nadu has the first state in the Indian Union to
formulate a separate IT policy for it. As early in 1997, the
Government of Tamil Nadu released an industry-specific
policy for the IT industry to reach the goals framed out in
the Ninth five year plan and to focus attention on the IT
industry as an engine of growth in the State. However, the
sum of change in the IT industry needs a reform in this plan.
By the year 2002, Tamil Nadu Government released a new
IT policy geared towards leveraging IT to herald prosperity
in the State and to turn Tamil Nadu in to a Knowledge-
empowered State.
The development of the Internet has transformed our life
into a pocket world and it delivers the facilities all over
the world quickly via IT enabled services. As per the 2002
report of NASSCOM, IT and IT enabled services industry will
accelerate 7% of India’s GDP and 30% of foreign exchange
within a short period. This revolution will provide direct
and indirect employment opportunities over four million
job seekers in knowledge sector (Elcot Manual). Tamil
Nadu having the high talented young generations to rule
the Indian IT and ITeS industry when compared to others.
The effective administration and educated workforce may
lead Tamil Nadu to the top in IT sector in the next decade.
ELCOT
Electronics Corporation of Tamil Nadu Limited (ELCOT)
was registered under the Indian Companies Act, 1956 as a
Company with the Registrar of Companies, Tamil Nadu on
the 21st day of March 1977. It was registered as a Company
with the entire shareholding being held by the Government
of Tamil Nadu. ELCOT have been continuing its services
as a fully owned by Tamil Nadu Government. ELCOT was
established with the main objective to promote, establish
and run a State Public Sector Enterprises for Electronic
items; manage, supervise, finance, advise, assist, aid or
collaborate with any association, firm, company, enterprise,
undertaking, institution or scheme for the advancement
and development of all branches of electronics and of
industries and business concerns based on or relating to
electronics (Elcot Proceedings).
3. J. Adv. Res. Entrep. Innov. SMES Mgmt. 2017; 3(3)
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Paramasivan C et al.
ELCOT started its commercial operations during the year
1980-81 and it has successfully completed thirty six years of
its effective business life. ELCOT has started to make profits
from the year 1988 and continuing it to be profitable one
with concrete development over the years. The vision to
promote industrial companies in the field of electronics,
ELCOT made several Joint Ventures/Associate Ventures/
Escort Ventures in the field of electronics with cooperation
and participation. In addition to promotion, ELCOT was
also successful in establishing an industrial unit on its own
name in Hosur for the production of Aluminium Electrolytic
Capacitors is mainly used in the manufacture of television
receivers. Apart from this ELCOT servicing to the society
by undertaking several public authorities, educational
institutions, administrative sector etc.
The major projects which have been completed successfully
byELCOTforthepasttwentyfiveyears.Themainoperations
were preparation and issue of Voter ID Cards to the
electorate of Tamil Nadu, preparation and distribute of
Family Cards to the people of Tamil Nadu, execution of
computer education to the school students in Government
Schools of Tamil Nadu, implementation of computer
education to the college students in Government Arts
and Science Colleges, Medical Colleges, Law Colleges,
Polytechnics in Tamil Nadu.
Special Economic Zone
India was the first nation in Asia to recognize the
effectiveness of the Export Processing Zone (EPZ) model
in promoting exports, with Asia’s first EPZ set up in Kandla
(Gujarat)in1965.Withaviewtoovercometheshortcomings
experienced on account of the multiplicity of controls and
clearances, absence of world-class infrastructure and an
uneven economic system with a view to attract maximum
foreign investments in India, the Special Economic Zone
(SEZ) Policy was announced in April 2000.
Table 1.State-wise distribution of approved SEZs
State-wise distribution of approved SEZs (As on 01.05.2017)
Name of the State/ Union
Territory
Formal
Approvals
In-principle
Approvals
Notified SEZs Exporting SEZs
Andhra Pradesh 30 4 25 20
Chandigarh 2 0 2 2
Chhattisgarh 2 1 1 1
Delhi 2 0 0 0
Goa 7 0 3 0
Gujarat 28 4 24 19
Haryana 23 3 20 7
Jharkhand 1 0 1 0
Karnataka 62 0 48 26
Kerala 29 0 25 19
Madhya Pradesh 10 0 5 2
Maharashtra 55 12 48 28
Manipur 1 0 1 0
Nagaland 2 0 2 0
Odisha 7 0 5 3
Puducherry 1 1 0 0
Punjab 5 0 3 3
Rajasthan 9 1 8 4
Tamil Nadu 49 4 47 36
Telangana 65 0 53 29
Uttar Pradesh 24 1 19 12
West Bengal 7 2 5 7
Total 421 33 345 218
Source: sezindia.nic.in
Tamil Nadu having 49 Special Economic Zones in total
and eight Special Economic Zones reserves for the IT and
ITeS industry. In order to spread the development of IT/
ITeS industry all over Tamil Nadu, ELCOT has established
IT/ITeS Special Economic Zones in metro city Chennai and
Seven ELCOSEZs at Six Tier-II localities such as Coimbatore,
Madurai, Tiruchirappalli, Salem, Tirunelveli and Hosur.
In this segment, Madurai ELCOSEZ seizes two plants in
Ilandhaikulam and Vadapalanji.
4. J. Adv. Res. Entrep. Innov. SMES Mgmt. 2017; 3(3)
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Paramasivan C et al.
SEZ-Sholinganallur, Chennai
ELCOT SEZ Sholinganallur was established with an area
of 377.08 acres. The investment of ELCOT in this SEZ is
around 194 Crores. The plots have been allotted to major
IT Companies. In that list WIPRO reserves 80 acres; HCL,
Mahima Infotech and Sathyam Computers reserves 50 acres
each; Cognizant Technology Solutions holds 40 acres and
Sutherland locates 15 acres in this SEZ. Even after 92.36
lakh sq. ft were remains unallotted to anyone. The major
IT/ITeS Company WIPRO has completed 27 acres as its
firm construction and operates with 19,000 employees.
HCL encountered 23 lakh sq. ft office building and started
its processes with 16,000 staff members. In addition to
that 12 lakh sq. ft IT building construction work is under
progress. Cognizant Technology Solutions have commenced
with 28 acres with 9,000 employees. Sathyam Computers
has completed 6.25 lakhs sq. ft building and operates with
6,000 workers. In this SEZ the common infrastructure work
was completed at an estimated cost of 42 crores.
Table 2.Tier wise classification of cities
Category Population
Tier-1 1,00,000 and above
Tier-2 50,000 to 99,999
Tier-3 20,000 to 49,999
Tier-4 10,000 to 19,999
Tier-5 5,000 to 9,999
Tier-6 less than 5,000
Table 3.
Sholinganallur, Chennai
Company Name Area Allotted Area Utilized Year of Estb. No. of Employees
Wipro Pvt Ltd 80 acres 27 acres 2012 19,000
HCL 50 acres 35 acres 2012 16,000
Cognizant Technology 40 acres 28 acres 2013 9,000
Mahima Infotech 50 acres 8 acres 2013 5,500
Sathyam Computers 50 acres 6 acres 2012 6,000
Sutherland IT Services 15 acres 5 acres 2013 3,800
SEZ-Vilankurichi, Coimbatore
ELCOT SEZ Vilankurichi was established with 62 acres of
land in Coimbatore. The investment of ELCOT in this SEZ
is 70 crores. ELCOT assigned area to major IT Companies
such as WIPRO with the capacity of 9.5 acres and TIDEL
Park Coimbatore Ltd also reserves 9.5 acres each. WIPRO
has constructed IT building in 3.5 lakhs sq. ft and 90% of
the construction was finished. TIDEL Park Coimbatore Ltd
has completed their construction work of 17 lakhs sq. ft IT
building. The remaining land available in SEZ Vilankurichi
is 26.19 acres. In this SEZ, the construction of common
infrastructure facilities work has been finished at an
estimated cost of 19 crores.
SEZ-Ilandhaikulam and Vadapalanji, Madurai
In Madurai, 28.91 acres of land in Ilandhaikulam Village
and 245.17 acres of land in Vadapalanji have been framed
to ELCOT for establishing two IT and ITeS Industry by the
Government of Tamil Nadu. In the Ilandhaikulam SEZ, the
investment of ELCOT is 32 crores. An IT cum Administrative
building has been constructed at an estimated cost of 17
crores. In Ilandhaikulam SEZ, the corporate infrastructure
facilities have been constructed at an estimated cost of
7 crores. Out of the remaining land 4.5 acres of land has
been allotted to Honeywell Technologies Limited and 2.25
acres to Chella Software Pvt. Ltd. The unallotted land in this
Ilandhaikulam is 9 acres. In Vadapalanji SEZ, the preparation
of common infrastructure facilities work was over and the
investment amount crossed 14 crores. The total investment
of ELCOT here is 45 crores. In this plant, 5 acres of land
has been allotted to Caliber Point and 2 acres of land was
shared to Health Plan System India Ltd. The balance allot
able land in this SEZ is 181.15 acres.
SEZ-Navalpattu, Tiruchirappalli
In Tiruchirappalli, Navalpattu Village, ELCOT SEZ was
established with 147.61 acres of land. Thewholeinvestment
of ELCOT in this SEZ will be Rs.60 crores. In this SEZ, Assyst
International Pvt. Ltd acquires 3 acres of land; Health Plan
Systems (India) Pvt. Ltd. obtains 2 acres of plot; iWave
Systems Tech. Pvt. Ltd gains 5 acres area; Unlimited
Innovations India Pvt. Ltd holds 5 acres of land; Zylog
Systems Limited secures 5 acres; iLink Multitech Solutions
Pvt. Ltd and WNS Global Services Private Ltd reserves 1
acre and 5 acres respectively. Seventh Sense Technologies
5. J. Adv. Res. Entrep. Innov. SMES Mgmt. 2017; 3(3)
5
Paramasivan C et al.
have been allotted space of 2,000 Sq. ft in this SEZ. The
balance allowable land in this SEZ is 80.73 acres. The
common Infrastructure of this SEZ has been completed
at an expected cost of Rs.14.21 crores.
Present Assignments of ELCOT
• LAPTOP Scheme to School Students
• Family Card Project
• Driving License Project
• ERP Software Development
• Digital Network Project
• Procurement Activity
• Computer Training Centre
• Farmers Social Security Card Project
• Crime and Criminal Tracking Network System
• Banking Automation for Cooperative Banks
• Computerisation of Welfare Boards
• Seamless Communication Network
• Tamil Nadu State Wide Area Network
• National Knowledge Network
• Tamil Nadu State Data Centre
• Disaster Recovery Centre
Conclusion
With the intent of the globalization, IT and IT enabled
industries transformed into a vibrant and unavoidable
segment of the socio-economic development of the
country. Tamil Nadu is one of the most benefited states in
the country through LPG reforms. Electronics Corporation
of Tamil Nadu Limited has prepared to attract the widest
possible range of business opportunities and ready to
provide more number of employment opportunities to
the young talents. However, to achieve this goal ELCOT
has to continue its effort on inventing new business ideas
through new business models for the better improvement.
A collaborative work from all the members will lead ELCOT
to the promotional area. The success of ELCOT is based on
availability of skilled workers with specialized infrastructure.
ELCOT welcomes new technopreneurs to come up with
innovative business solution,at the same timeELCOT should
consider the middle grouped investors along with the top
IT companies. If this happens in future, Chennai and the
other Special Economic Zones of Tamil Nadu will reach the
top position in IT and ITeS industry in India.
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