India's Own Silicon Valley Shaping The World's IT And Innovation Future
Taking up the challenges posed by the rival countries like U.S. UK and China, India needs a total rework on many aspects. The first step in attaining the goal would be to present the country as a preferred location for investment in IT, ITeS and BPO sector. The Indian land laws are found too complicating by multi-national companies as they don’t want to deal with the bureaucracy. Smart regulations must be implemented to make the dealings on land hassle free.
The second suggestive idea is to avoid preferential treatment of the knowledge industry when it comes to stamp duty, registration charges, electricity tariffs and other Government Acts. Including IT in other adjacent sectors to deliver IT-enabled education, IT-enabled health care, IT in textile industry and all possible walks of life would certainly boost IT sector in the country. Some strong positive steps from the part of Government will certainly uphold India’s declining global image as the investment destination.
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