Introduction

The liberalised India today is one of the most sought after destinations for many of the Transnational / Multinational companies in the world. The booming market for most of the product groups on the one hand and the low cost - high quality advantage on the other hand have made India an attractive destination for investments for many companies. Indian economy has been growing at a steady rate of 5 to 6% and is expected to maintain this upward trend in the coming years.The inflow of foreign investments is on the rise with investors feeling more confident in the economy. economy.The fundamentals of the economy have shown tremendous immunity to economic crisis in the region and the economy has survived the scare successfully.The liberalised regime is the order of the day with successive Governments following the liberalised path without exception

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India Today

• A population of 1 billion with 300 million strong middle class with increasing purchasing power.
• Educated, skilled and low cost work force.
• Low cost ,skilled and flexible living.
• Abundance of highly qualified managerial and technical manpower.
• Fair legal system.
• English speaking population.
• No copy right and proprietary violation concerns.
• Stable government policies in terms of industrial growth targets and liberalization.
• Increasingly simplified import, export procedures.
• Hi-tech infrastructure to support industry.
  

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Why is India the Destination for IT/OA manufacturing?

• Low cost skilled & flexible labour.
• Abundance of high qualified technical and management manpower.
• Globally acknowledged software and hardware design capabilities.
• Booming domestic consumption for IT and related products (PC market in excess of 1 million this year).
• Increasing encouragement from the government to IT sector.
• Maturity of the industry to meet international quality standards.
• Proximity and access to high quality, low cost sources for mechanical parts, electrical components and tooling.
• Burgeoning PCB assembly business.
• More and more association of Indian Companies with Global IT majors leading to osmosis of processes, capabilities, technology and know how.