Service Areas
Information Technology, E-Commerce and Specialized Electronics
In today’s era the economy’s growth and prosperity are closely linked to the growth in the IT Sector and Electronics Sectors. India has emerged as the fastest growing IT hub in the world with compound annual growth rate exceeding 50% in the last five years, its growth dominated by IT software and services such as Custom Application Development and Maintenance (CADM), System Integration, IT Consulting, Application Management, Infrastructure Management Services, Software testing, Service-oriented architecture and Web services.
Similarly the electronics industry has recorded very high growth in recent years. The relaxation of foreign investment norms, allowance of 100 percent foreign equity reduction in custom tariffs, and delicensing of several consumer electronic products has attracted investment in this sector. The domestic industry also responded favorably to the economic policies of the government. The opening of the electronics field to private sector enabled entrepreneurs to establish industries to meet hitherto suppressed demand. Improvements is the electronics industry have not been limited to a particular segment but encompass all its sectors, Strides have been made in the areas of commercial electronics software, telecommunications, instrumentation, positioning and networking systems, and defence.
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