Cost Advantage
India's quality and cost benefit edge is one of the major reasons to be chosen as the offshore partner compared to other competing countries such as China, Ireland, Israel, and the Philippines, India will continue to dominate as the preferred off shore country !
Quality Manpower - Knowledge Professionals !
Indian programmers are known for their strong technical skills and their eagerness to accommodate clients. In some cases, clients outsource work to get access to more specialized engineering talent, particularly in the area of telecommunications.
One of the world' largest English speaking, IT qualified Human resource pool is in India
India has more than 250 universities (over 900 colleges) and engineering colleges providing computer education at the degree/diploma level.
Every year, approximately 19 million students are enrolled in high schools and 10 million students in pre-graduate degree courses across India. Moreover, 2.1 million graduates and 0.3 million post-graduates pass out of India's non-engineering colleges.
While 2.5-3 percent of them find jobs in other fields or pursue further studies abroad, the rest opt for employment in the IT industry.
Based on these figures, there will approximately be 17 million people available to the IT industry by 2008 !!
Indian Education System
The Indian education system places strong emphasis on mathematics and science, resulting in a large number of science and engineering graduates. Mastery over quantitative concepts coupled with English proficiency has resulted in a skill set that has enabled the country to take advantage of the current international demand for IT.
Favorable Government Policies
- Government policies driven to achieve maximum benefit to IT industry.
- The liberalization and deregulation initiatives taken by the Indian government and the reforms have made foreign technology accessible and also removed restrictions on investment and made the process of investment easier.
- The IT Bill passed in 2000 provides a legal framework for the recognition of electronic contracts, prevention of computer crimes, electronic filing of documents, etc.
- Recognizing the importance of Venture Capital Funding, the Ministry of Information Technology has set up a National Venture Fund for the Software and IT Industry with a corpus of Rs. 100 crore in association with the Small Industries Development Bank of India (SIDBI) and Industrial Development Bank of India (IDBI). The aim of the Fund is to provide Venture Capital to start up software professionals and IT units in the small-scale sector.
- The IPR law in India
