ABOUT IT SECTOR

IT SECTOR

HELLO GUYS, IN THIS THIS BLOG I WILL TEL YOU BOUT THE IT SECTOR. ABOUT IT'S COARSE, FIELDS AND MANY THINGS. TODAY WE AL ARE ENGAGE IN OUR WORK THROUGH THE IT ONLY. MANY JOBS, WORKS AND BIG COMPANIES ARE WORKING AND HAVE THE BASE OF IT  ONLY.

The Information Technology & Information Technology Enabled Services (IT-ITeS) sector is a field which is undergoing rapid evolution and is changing the shape of Indian business standards. This sector includes software development, consultancies, software management, online services and business process outsourcing.

According to an article in the Times of India, India's liberalization was possible due to its IT industry. In the 1990s, the industry started off with an export of nearly $100 million with around 5,000 employees. Now it is an industry that thrives globally and India's IT exports are now around $70 billion with 2.8 million employees working in this sector. The article states that the IT sector is one of the top two industries in the country today.

India's IT industry is expected to grow at a rate of 12 - 14% during 2016 - 2017 as per a report by India's software industry body National Association of Software and Services Companies (NASSCOM.) This clearly shows that information technology is a sector which will likely be one of the emerging markets in the days to come as India's economy requires more hardware, software and other IT services. In a NASSCOM-McKinsey report, India's position in the global offshore IT industry is based on five factors - abundant talent, creation of urban infrastructure, operational excellence, conducive business environment and finally, continued growth in the domestic IT sector.

The IT industry is heavily influenced by factors like the global market and sustenance of its rate of growth. The recession in the United States also impacted the IT community in India negatively. This segment is promising and has vast potential, but there are concerns regarding the demand-supply gap, which is widening. Some challenges which the industry is facing are inadequate infrastructure, tax issues and limited preferential access for local firms. China and Taiwan are examples of low cost destinations, and India needs to change its current tax structure so that it can outdo competition from other countries.

India's growing stature in the Information Age enabled it to form close ties with both the United States and the European Union. However, the recent global financial crises have deeply impacted Indian IT companies as well as global companies. As a result, hiring has dropped sharply, and employees are looking at different sectors like financial services, telecommunications, and manufacturing, which have been growing phenomenally over the last few years.

Within 90 days of its establishment, the Task Force produced an extensive background report on the state of technology in India and an IT Action Plan with 108 recommendations. The Task Force could act quickly because it built upon the experience and frustrations of state governments, central government agencies, universities, and the software industry. Much of what it proposed was also consistent with the thinking and recommendanotions of international bodies like the World Trade Organization (WTO), International Telecommunications Union (ITU), and World Bank. In addition, the Task Force incorporated the experiences of Singapore and other nations, which implemented similar programs. It was less a task of invention than of sparking action on a consensus that had already evolved within the networking community and government.

Major information technology hubs

Bangalore

Bangaluru is known as the Silicon Valley of India.  Notable tech park are Electronics City Phase I & II, ITPL, Bagmane Tech Park, Embassy Golf Links, Manyata Tech Park, Global Village Tech Park, Embassy TechVillage..

Chandigarh

Chandigarh is also one of the growing international IT services and outsourcing exporters. The next upcoming tech park will be world trade center.

Chennai

As of 2012, Chennai is India's second-largest exporter of information technology (IT) and business process outsourcing (BPO) services. Tidel Park in Chennai was billed as Asia's largest IT park when it was built. Major software companies have their offices set up here, with some of them making Chennai their largest base.

Coimbatore

Coimbatore which is called as the Manchester of South India and the fourth largest city in South India which is also called as Educational Hub of South India which has got record number of Engineering Collage had rapidly grown in IT sector in last decade. The Government owned IT park - TIDEL & TICEL Bio-park and Private owned IT parks such as KGISL CHIL, KCT Techpark, RR IT Park, PSG STEP, Hanudev InfoPark is home for many well-known companies such as Amazon, Dell, Garmin, Robert Bosch, Wipro, Cognizant, HCL, L & T infotech, Capgemini (Altran Technologies), etc,.

Hyderabad

Hyderabad – known for the HITEC City or Cyberabad – is a major global information technology hub, and the largest bioinformatics hub in India. Hyderabad has emerged as the second largest city in the country for software exports pipping competitors Chennai and Pune. Notable tech and pharma parks are HITEC City, Genome Valley, and Hyderabad Pharma City

Kochi

Infopark, Kochi or cochin is an information technology park situated in the city of Kochi, Kerala, India. Established in 2004 by the Government of Kerala, the park is spread over 260 acres (105.2 ha) of campus across two phases, housing 392 companies which employ more than 42,000 professionals as of 2018. The park is built on the 'Hub and Spoke model' for the development of the Information Technology industry in Kerala. InfoPark Kochi acts as the hub to the spokes located at Thrissur and Cherthala. Considering the requests of various IT companies and developers for space and land, Infopark Kochi is expanding its activities in Infopark Phase II. This campus is at a distance of around 2 km from Phase I campus and is on the side of Kadamprayar river. The new park lies in an extent of 160 acres in the neighboring Kunnathunad- Puthencruz villages of Kunnathunad Taluk, Ernakulam District. The Board of Approvals (BoA) of the Union Ministry of Commerce have granted SEZ status to the 98 acres in Infopark phase II. As per the latest data reported, total IT exports from Kochi stands at 6200 crores.

Pune

The Rajiv Gandhi Infotech Park in Hinjawadi is a ₹600-billion (US$ 8.9 billion) project by the Maharashtra Industrial Development Corporation (MIDC). The IT Park encompasses an area of about 2,800 acres (11 km²) and is home to over 800 IT companies of all sizes. Besides Hinjawadi, IT companies are also located at Magarpatta, Kharadi and several other parts of the city. As of 2017, the IT sector employs more than 300,000 people.

Trivandrum

Technopark, Trivandrum is a technology park in Thiruvananthapuram, Kerala, India. Established on 18 November 1990 by the Government of Kerala, under chief minister E K Nayanar, it is the largest information technology (IT) park in India in terms of developed area. As of 2015 Technopark has 10 million sq ft (930 thousand m2) of built-up area, and is home to over 400 companies, employing more than 56,000 professionals, and it is still expanding, adding another 37 hectares (91 acres) as part of Phase III expansion, and 423 acres (171 ha) as Technocity—an integrated IT township near Pallippuram.

Technocity, Thiruvananthapuram is a technology park an under construction integrated township in Thiruvananthapuram, Kerala, India dedicated to electronics, software, and other information technology (IT). South India's largest World Trade Centre is coming here with total build up area of 2.5 million sqft and World's fifth Nissan Global Digital Hub campus also coming here. It was conceived in 2005 as the fourth phase of development of Technopark, Technocity is a complete IT City, spread across about 500 acres (200 hectares), which includes not just space for IT/ITES firms but also residential, commercial, hospitality, medical and educational facilities. The project is a new self-dependent satellite city, which would not strain the resources and infrastructure of the city of Thiruvananthapuram