With the growing trend of outsourcing world wide, India is continuously focusing towards deepening its roots in the outsourcing market. Undoubtedly one can be assure of the quality and low wages, the prime requirements a company searches for while outsourcing its business processes. This is the reason why India has been successfully able to drive all the big banners to its land and establish itself as the world's biggest software outsourcing.

Today, India exports software and services to nearly 95 countries around the world, with North America (U.S. & Canada) leading ahead in India's software exports.India is this success and growth of the Indian IT industry, which has motivated government to take necessary steps for ensuring the continuous growth of the outsourcing company in India. India has set up a separate ministry of IT, to expedite swift approval and implementation of IT projects and to streamline the regulatory projects.

Also the government has approved a 108 point action plan submitted by the National IT Task Force to promote the IT in the country. This has been done in order to alleviate the situation of the critical shortage of venture capital, especially faced by the small and medium enterprise sector. India regards the IT sector as one of its top five priorities.Further, the Indian Parliament has passed the information technology bill in May 2000, notified as the IT Act 2000 in order to bring the e-commerce with in the purview of the law and to accord stringent punishments to cyber criminals. The act will provide legal recognition for transactions carried out by means of electronic data interchange and other means of electronic communication, commonly referred to as "electronic commerce", which involve the use of alternatives to paper-based methods of communication and storage of information, to facilitate electronic filing of documents with the Government agencies and further to amend the Indian Penal Code, the Indian Evidence Act, 1872, the Bankers' Books Evidence Act, 1891 and the Reserve Bank of India Act, 1934 and for matters connected therewith or incidental thereto.Under this act the government puts forward the legal definitions of many IT related terms and outlaws computer crime. It has given a special emphasis to check the privacy and security of the IT industry by taking up the "security of the electronic records and secure digital signature" in a separate chapter, CHAPTER, of the act.

It defines the secure electronic record as the one in which any security procedure has been applied at any specific point of time, and from such point of time to the time of verification.Also it regards the digital signatures as the one which are unique and can be used to identify the subscriber. They should be created in the manner or using a means under the exclusive control of the subscriber and is linked to the electronic record to which it relates in such a manner that if the electronic record was altered the digital signature would be invalidated. Or in short we can say that the digital signals have been given as the same legal status as the physical signatures, and thus the documents are acceptable in Indian Courts.State governments in India have also got into the action to match the central government's own information age initiatives like the recently passed IT Act 2000. That is why the e-government infrastructure and services sector in India is looked up as a billion dollar market for IT vendors, software and training companies.Also the E-governance initiatives promote the digital research. The success of any business is greatly affected by the resources available and the business polices of the nation. The tremendous heights that take the Indian Information Technology industry to the top of the world cannot be only rewarded to the resources, price cut outs, etc factor, but to a great extent it is the encouragement and promotion techniques adopted by the Indian Government to take forth the Indian IT industry. IT Act 2000 was a major development in this respect which laid down a clear picture of the industry, and secures the Indian business, making many domestic and offshore customers to rely over the Indian Industry and many entrepreneurs to securely join or move ahead in the field

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Last update : 23-11-2007 10:24

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