IT & BPM
India is the world's most popular sourcing destination in the IT & BPM sector, accounting for a market share of around 55% of the global services sourcing industry. Over 4.5 million people are employed in the Indian IT and BPM sector.
The IT industry currently contributes 8% to India's GDP, with the government rules and incentives favoring investments in the same. The cumulative revenue generated by of imports and exports in the IT and BPM sector is estimated at US$ 194 billion.
Reasons for Investing
- India has over 6 million cloud experts with diversified capabilities.
- Indian IT firms are equipped with global delivery centers across diverse niches like BFSI, telecom, and retail.
- Several IT centers have been fostered due to the country's rapidly expanding urban infrastructure.
- Computer software & hardware have emerged as the leading sector with roughly 44% of total FDI equity inflow.
- The Government of India is keen on finding artificial intelligence-based solutions to improve governance, agricultural processes, defense, and cybersecurity.
Industry Growth Factors
- Non-linear revenue growth due to automation of platforms, products, and workforce in emerging countries and sectors.
- IT spending is increasing and is estimated to reach US$ 98.5 billion in 2022.
- Renewed demand for IT services in the United States and Europe.
- The usage of IT in new verticals like retail, healthcare, and utilities is propelling the Indian IT industry forward.
- With over 6 million digitally skilled human resources, India is building a future-ready digital workforce.
- Enhanced focus on 5G technologies, hyper-scale computing, and telecom security by leveraging digital technology.
What we can do for you?
1Step 1
Business Registration
- Choose a suitable business structure
- Register your business with the Ministry of Corporate Affairs (MCA).
- Obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN).
Step 2
Compliance and Licensing
• Apply for necessary licenses and permits based on your consultancy services (e.g., GST registration, Professional Tax registration).
• Ensure compliance with local, state, and national regulations.
• Set up a business bank account and maintain proper financial records.
2
3Step 3
Operational Setup
- Establish a physical or virtual office space.
- Hire skilled professionals and build a competent team.
- Develop a marketing strategy to attract clients and grow your business.