Government Policies

The Indian government has fast realized that the BPO/ITES is a money spinning industry holding potential for economic growth, creating employment opportunities and at the same time being a financially rewarding career for the youth of India. The IT and BPO are part of the top priorities of the Indian government. The government has therefore devised favorable policies to provide maximum benefits to the industry and ensure that India is on the road to becoming the hub of BPO and IT services.

Below are some positive steps taken by the Indian government towards the growth and development of the ITES/BPO sector.

• The government made reforms to ease the investment process and reduce the licensing requirements to make foreign technology accessible which has helped the IT/BPO industries.
• The government is making efforts to encourage FDI and investments from NRIs (Non-Resident Indians).
• Nasscom has been playing a significant role in helping and promoting the IT/BPO industry and make India the ultimate choice for outsourcing services to the IT and BPO sector.
• Nasscom has helped the government implement almost all the original recommendations of the last Nasscom-McKinsey Report, 1999 concerning the capital markets, venture capitalists, SEBI and the Companies Act.