Term Paper Presentation On IT Products TARUNA GULATI(A1802011080)
Introduction IT industry has Four major components-:a) IT servicesb) Business Process Outsourcingc) e- Businessd) Engineering services “ Indias IT Services industry was born in Mumbai in 1967 with the establishment of Tata Group in partnership with Burroughs “
Reason of Growth In India Infrastructure scenario Competitive cost Indian education system High quality human resource
Major IT Hubs In INDIA NCR Mumbai Bangalore IT Chennai Pune hub Hyderabad Kolkata Kochi
Investment in IT sector Many IT hubs have invested heavily in order to expand their subsidiaries,provide software development and training facilities,help in the development of students and other benefits of the society.Some of the companies are as follows:1)Polaris Software Lab2)Globsyn Business School3)Cognizant4) Kaspersky Lab and etc.
Growth in service sector-Increase in GDP,Employment and Exports. GDP-6.1% in 2009-10,6.4% in 2010-2011 Employement -2.3 million in 2009-10 estimated- reach nearly 2.5 million by the end of financial year 2010-11 dominant player in the global outsourcing sector. Sector Faces Problems from competitors like china and phillipines
Few IT Enabled Services: backoffice operations remote maintenance Accounting public call centers medical transcription insurance claims other bulk processing
India – Dominant position in off shoreposition liberalization of external trade, elimination of duties on imports of information technology products relaxation of controls on both inward and outward investments foreign exchange fiscal measures
Infosys Customers 579 lakhs Market Capitalization US $14592 million Revenue US $4663 million Net Income US $ 1282 million Global Presence 63 cities cross 26 countries Employees 104850 Company started in 1981 with seven founders, US $ 250
TCS TCS is a global IT services, business solutions and outsourcingcompany headquartered in Mumbai, India and a subsidiary of the TataGroup conglomerate. TCS has 142 offices across over 47 countries andgenerates around 30 per cent of Indias IT exports.
Wipro Western India Products Limited is an Indian global IT services and consulting company headquartered in Bangalore, India. As of 2012, Wipro is the second largest IT services company by turnover in India, employing about 120,000 people worldwide as of December 2011. It is 9th most valuable brand in India according to an annual survey conducted by Brand Finance and The Economic Times in 2010. Revenue Margin of Wipro- For the quarter ended march 31,2010. IT product business recorded revenues of Rs. 8.90 billion representing a growth of 2% YOY EBIT of this segment is Rs 292 billion. Operating Income to Revenue for the quarter was 2.9%
IT Sectors and Global ITplayers Integrated Chip Design • Siemens, Philips, Intel, Texas Instruments etc System Software • Microsoft, Oracle, Sun Microsystems, HP, Compaq etc Communication Software • Siemens, Motorola, Lucent Technologies, Sony, Nortel etc R&D Centres • Google, Yahoo etc BPO Sector • Axa Business Services, Swiss Shared Services, Siemens Shared Services etc Captive Support Sector • Accenture, DELL, HSBC, GE Capital, Fidelity etc Technology Support Sector
Foreign Trade Policy• Trade policy governs exports from and imports into a country.• EPCG scheme at zero duty has been introduced for certain engineering products.• An EOU may export Software developed by any other EOU
Importable IT goods under FTPAll IT goods (General) , it allows import of goods with out license also.Second Hand goods are exception and defense related goods.EPCG allows import of capital goods on payment of 3% customs duty Exportable IT goods under FTP All IT goods (General)Exceptions are microwave tube, super computer, Data processing Security Units.
Recent Trends in IT Sector Global IT spending is expected to increase to 5.3% in 2012 to reach a value of USD 3.4 trillion. Across the world, computing hardware spending is forecast to reach USD 353 billion in 2012, a 5.7% increase from 2011. Rise on consumer spending on mobile PC’s would drive hardware spending. Worldwide software spending is expected to reach USD 232 billion in 2012, a 5.1% increase from 2011. The IT service industry is forecast to spend USD821 billion in 2012, up 5.7% from 2011. A reported growth in outsourcing revenue took place at the close of 2011- an encouraging sign for service providers.
Certain crucial steps taken by the Indian government to propel the sector growth are: Constitution of the Technical Advisory Group for Unique Projects (TAGUP) under the chairmanship of Nandan Nilekani. The Group would develop IT infrastructure in five key areas, which includes the New Pension System (NPS) and the Goods and Services Tax (GST) Setting up the National Taskforce on Information Technology and Software Development with the objective of framing a long term National IT Policy for the country. Enactment of the Information Technology Act, which provides a legal framework to facilitate electronic commerce and electronic transactions.
Setting up of Software Technology Parks of India (STPIs) in 1991 for the promotion of software exports from the country. There are currently 51 STPI centres where apart from exemption from customs duty available for capital goods, there are also exemptions from service tax, excise duty, and rebate for payment of Central Sales Tax. Plans to formulate Information Technology Investment Regions (ITIRs). These regions would be endowed with excellent infrastructure and would reap the benefits of co- siting, networking and greater efficiency through use of common infrastructure and support services.
Conclusion The world is becoming increasingly dependent upon technology. The Internet has become a major shareholder. All developing nations can derive tremendous advantages from this technology for updating the knowledge of its researchers and scientists. The Indian software and services industry has significantly helped to boost the Indian economy. Society expects to be able to store information more than was previously conceived, manipulate the information it has for its own benefit, to increase understanding and discover new relationships, distribute information quickly, efficiently and cheaply. The Government of India has been working gradually and successfully towards improving the IT policy climate in the country.