A fast-growing sector of Indian industry is Information Technology. India is developing very rapid for Software Development services. Bangalore, India is one of the IT hubs not only for India but for global IT Outsourcing services. Bangalore is developed a lot for Information Technology services both technologically as well as infrastructure wise also. Along with Bangalore other cities of India like Ahmedabad, Mumbai, Chennai and many others are also becoming developed. But among these cities Software Development boom in Chennai is remarkable. City is developing for IT services rapidly.
Lots of IT companies are now making their presence in Chennai also. City is also getting developed infrastructure wise as many new IT companies and IT Giants have their vast presence in Chennai. Chennai also has the vast availability of educated manpower for IT services, high standard of educational institutions and system, sound infrastructure for qualitative development, low costs of development and operation, disciplined and skilled labor force, existence of international airport and most important sea port are some of the factors that are making Chennai the purpose for IT industry and development services.
Hardware and Software Development services
With Information Technology breaking in all departments such as Government departments, educational institutions and services, banking services, shopping centers, consumer applications centers, the potential for additional growth of IT Outsourcing and Software Development industry is enormous. Earlier, the hardware industry in the country had largely provided to the requirements of domestic customers with only minor exports while 55 to 60 % of the Software Development revenues were from exports services. After the liberalization process in the year 1991, followed by decline of import duties in the year 1996 Multinational corporations were able to export bulky volumes to India enhancing the domestic market for both hardware and Software Development Services.
Government of the Chennai state is also encouraging the policies that assist and boost up the growth of hardware and Software industries and linked services in the State and to eliminate the jams in starting and running of such important Offshore Outsourcing units, to enlarge both domestic and export earnings from IT services. The Government will also support the use of Information Technology in all its sections with a view to enhancing productivity and efficiency for IT Outsourcing services.
Government is also planning to boost up the Software Development outside the park by providing some extraordinary infrastructure facilities and other additional services. In this way Software Development and IT services are on the boom in Chennai.