Date : 22 Aug 2006
Location : New Delhi
New Delhi: August 22, 2006
Sravana 31, 1928
The total value of Information Technologies Enabled Services (ITES) – Business Process Outsourcing (BPO) exports, as available, is as under :-
(i) 2004-2005 US $ 5.2 billion
(ii) 2005-2006 US $ 6.3 billion
The Government has taken various steps to promote the growth of IT Software and Services Industry, such as: approvals for all foreign direct investment proposals relating to IT Sector are put under the automatic route, peak rate of customs duty has been reduced, customs duty on Information Technology Agreement (ITA-1) items has been abolished, Special Economic Zones (SEZs) are being set up, Income-Tax exemption on export profits is allowed to Software Technology Parks (STPs) /Export Oriented Units (EOUs) etc.
As per NASSCOM, the share of large contracts won by Indian service providers has increased from 1% in 2003 to 5% in the first half of 2006. Some of the recent big deals have been won by M/s Hindustan Computers Limited, Infosys, Satyam, TCS and Wipro.
Shri Jairam Ramesh, Minister of State for Commerce & Industry gave this information in a written reply to a question raised by Shri Jyotiraditya M. Scindia in Lok Sabha today.