Globally, the Information Technology (IT) industry is expected to be the engine for economic growth and social development for a long time to come. The advent of Internet and E-commerce has transformed and revolutionized traditional businesses and is significantly impacting industry, government and the society at large. India is rapidly emerging as one of the top global powerhouses in the IT sector.
The market openings have primarily been identified, by Noida and Greater Noida across four broad sectors:
IT enabled services and
These would constitute lucrative opportunities for Indian Companies. In addition to the export market, all of these segments have a domestic market component as well. NASSCOM forecasts revenues of US $87 billion and employment of two million people by the year 2008 by the Indian IT Industry.
It conceptualizes the needs of a fast developing city of the future. The Action Plan and execution is at par with global standards and is aimed at accelerating the growth of industrial, IT and institutional sectors in the country.