Indian Software amp; Services Key Ingredients for Success.ppt

Indian Software Services : Key Ingredients for Success National Goal “Make India a Global Information Technology power and one of the largest generators and exporters of software in the world within 10 years.” Policy Creation Policy Implementation Operational Flexibility EOU’s EPZ’s - - Not Very Congenial for Software Industries - Being implemented by the Commerce Ministry - Foreign Investment Promotion Board - Physical Boundary - Minimal Communication Infrastructure STP Scheme is being operated by the technical body Investment Approvals decentralized Most of the authoritaties are sub-Delegated to the Directors of the STPI Centers Benefits Complete duty free import 100% foreign equity permitted No corporate income tax till 2010 Dedicated Data Communication links Single window Government clearance Custom bonding and export certification provided at single point. Industry Academia Finance Government India : Vital Value Add Success Formula Venture Capital Environment in Karnataka 12 Domestic Small Funds 16 Overseas Funds 28 Large Funds 50% of above Funds are Head Quartered in Bangalore Concept of Investor/Incubation Combo is picking up Human Resources in Karnataka State Engineering Colleges 97 Polytechnics 181 Medical Colleges 27 General Colleges 812 Universities 11 Technical University 1 Agricultural Universities 2 Health University 1 E-Governance Initiatives Mukya Vahini – Decision Support System for Administration Bhoomi Nondani – Land Records Computerisation Registration Khajane – E-enabling of Treasuries through linking of 250 treasuries to manage the complete expenditure of the state Therige – E-enabling Commercial Tax Offices and Outposts Reshme – Online Transaction support for Sericulture Farming E-Seva – One Stop bill pay