ICT Sector

An Expert's View about IT and Telecommunications in India

Last updated: 27 Aug 2012

Worth £65 billion, India’s ICT sector is primarily driven by new business models and technologies such as cloud, mobility, analytics, social media, and vertical specific solutions.

ICT Sector in India The rapid emergence of the ICT sector has placed India on the global stage during the last one and a half decades and is poised to become a US$ 225 billion industry by 2020. Market overview Worth £65 billion, India’s ICT sector is primarily driven by new business models and technologies such as cloud, mobility, analytics, social media, and vertical specific solutions. In the past few years, IT in Retail, Healthcare and Utilities have emerged as the fastest growing segments after BFSI. Key opportunities The government is pushing IT adoption through sector reforms that encourage IT acceptance. National eGovernance Programmes (NeGP) and the Unique Identification Development Authority of India (UIDAI) programme create large scale IT infrastructure and promotes corporate participation. Steps taken to propel the sector growth are: ξ Constitution of the Technical Advisory Group for Unique Projects (TAGUP). The Group develops IT infrastructure in five key areas including New Pension Systems (NPS) and the Goods and Services Tax (GST) ξ 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. ξ Enactment of the Information Technology Act, which provides a legal framework to facilitate electronic commerce and electronic transactions. Latest export opportunities - ICT Latest export opportunities - India Getting into the market Public and Private procurement is a key route into the Indian ICT market. Business tends to be done both through direct procurement and via agents. Technical and regulatory standards are broadly similar to those of the EU, but there are some differences – so UK companies are advised to familiarise themselves with sample specifications at the earliest opportunity. Generally, quality and technical standards are more important than price in bid decisions. As in most markets, flexibility, customer service, adherence to schedules and specifications and long- term commitment are key to winning customers. Before signing any agreement, it is advisable for any foreign company to consult a lawyer. More about doing business in India Contacts Market intelligence is critical when doing business overseas, and UKTI can provide bespoke market research and support during overseas visits though our chargeable Overseas Market Introduction Service (OMIS). To commission research or for general advice about the market, get in touch with our specialists in country - or contact your local international trade team. ξ Paul Reid, British Deputy High Commission, Bangalore. Tel: +91 (0)80 2210 0200 or email: Paul.Reid@fco.gsi.gov.uk ξ M Rory Picardo, British Deputy High Commission, Bangalore. Tel: +91 (0)80 2210 0200 or email: Merlin.Picardo@fco.gov.uk Contact your local international trade team UKTI Events UKTI runs a range of events for exporters, including seminars in the UK, trade missions to overseas markets and support for attendance at overseas trade shows. Latest events – ICT sector in India Major Events Electronica Productonica 2012 Date: 11-13 September 2012 Website: www.electronica-india.com India Telecom 2012 Date: 13 – 15 December 2012 Website: www.indiatelecom.org Useful links More about OMIS and other UKTI services for exporters
Posted: 25 August 2012, last updated 27 August 2012

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