IT & Biotech

The next IT stop

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 revolutionised 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 Greater Noida across four broad sectors:

IT services,

Software products,

IT enabled services and

E-business

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.

National Capital Region (NCR) ranks no. 3 in terms of the number of software firms companies based in it after Mumbai and Bangalore. In case of the ITES sector, the NCR leads with 20% of the total number of companies located in this region.

Since the NCR has emerged as a hub for IT industry, Greater Noida could emerge as an IT destination of the future leveraging its proximity to the national capital and availability of quality urban infrastructure including housing.

Location Criteria for IT Industry