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Information technology

Evolving Landscape:

  • Over the last decade, India has been recognized as a major and credible Information Technology (IT) outsourcing destination the world over. The IT sector is one of the fastest growing segments of Indian industry.
  • Indian IT/ ITeS industry continues to deliver double-digit growth over the past several years now and is expected to exceed USD 36 billion in annual revenue in FY 2005-06.
  • The Indian IT/ ITeS industry has been growing at a CAGR of over 28% since FY 1999-2000. Over the same period, the industry’s contribution to the national GDP has risen from 1.9 per cent in 1999-2000 to a projected 4.8% in the current fiscal (2005-06). 
  • Export earnings accounted for 64% of the total IT/ ITeS aggregate in 2004-05. Strong fundamentals including a large base of skilled talent, demonstrated quality and service delivery expertise at a significant cost advantage and an enabling environment have ensured that India attracts a disproportionately larger share of the global IT/ ITeS demand for off shored services – and continues to drive India’s export-led growth. 
  • IT/ ITeS exports from India grew from USD 13.3 billion in FY 2003-04 to USD 18.2 billion in FY 2004-05. It is estimated that total IT-ITeS exports from India will exceed USD 23.9 billion in the current fiscal (FY 2005-06). 
  • Software and services exports (excluding hardware) are projected to grow at 32% in the current fiscal.
  • The total number of IT and ITeS-BPO professionals employed in India has grown from 284,000 in 2000 to 1,287,000 in 2005-06.

Growing IT sector in MP
  • Located at the very heart of India, Madhya Pradesh is the second largest State and is easily accessible from every corner of the Country. From agriculture to natural wealth, industry, power and people, Madhya Pradesh is abounding with potentials.
  • MP has a made a a significant progress in the last couple of years and is further paving  way to be at the forefront of the IT revolution.
  • The State has set up over 24,000 kms of optical fibre backbone to cover all its 313 developmental blocks across 45 districts (One of the highest optical fibre coverage in the Country).
  • Four software technology parks (STP units) are in the pipeline to be setup in Bhopal, Indore and Gwalior. These parks will be equipped with all modern facilities, which are required for smoothly operating software export units, including high-speed data connectivity.
  • The State boasts of 38 IT engineering colleges and provides a learning ground for the future IT professionals by establishing the Country’s first Indian Institute of Information Technology and Management (IIITM) at Gwalior. This is an added advantage to the investors looking to invest in the IT space in the State as there would be a wide availability of qualified and skilled professionals at a relative low manpower cost.  
  • The Government is providing various incentives/ concessions to attract investors. Major players like Taurus Microsystems and Fujitsu already have their presence in the State and are on the road to further expand their operations under the favourable industrial policies and IT initiatives by the State Government.
  • The large IT players like HCL and Genpact are also geared up to make their establishments in the State. HCL has identified their location in the upcoming green field SEZ at Indore. Genpact India has proposed to set up a 7,000-seat BPO facility in Bhopal, with an investment of USD 34 million. The company has been allotted 50 acres of prime land near the airport in Bhopal (Bairagarh) for its BPO operations. 

Software Technology Park – Indore 
  • State of the art facility being set upon 1,00,000 sq ft of space.
  • Data communication facilities are available through the hi speed STPI and VSNL networks.
  • Fully air-conditioned space with round the clock canteen and well maintained surroundings
  • 100% power backup

Crystal IT Park – Indore 
  • Developed on 21 acres of land in the heart of the business capital of M.P
  • 5,50,000 sq ft of space under development being commissioned shortly in the first phase

Hardware & Software Technology Park – Bhopal 
  • IT infrastructure being developed on 200 acres of land near upcoming International airport
  • Developed plots and built up space as per international standards to be made available 
  • Facilities for housing, entertainment, schools to be built in and around the campus of the proposed IT Park

IT Park – Gwalior
  • IT infrastructure is being developed on 50 acres of land through private participation.
  • The Park is being developed as a training hub imparting advanced training for the needs of the IT industry

An Investment Destination
  • Madhya Pradesh is poised to become the next IT destination of India through its IT infrastructure development strategy and government support to the investors. There are many significant avenues and areas that can be tapped for setting up and scaling up your business operations.
  • To further support your business endeavors Government of Madhya Pradesh is developing specialized infrastructure in the form of SEZ Indore, IT Parks in Bhopal, Indore and Gwalior. Being an industry of economic importance, the Government also provides special fiscal and non fiscal incentives to the units in the State. 

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20 Feb 2019
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