Occupy mars • 1y
🔸Reduced import tariffs on hardware and software (up to 60% reduction). 🔸Recognition of software exports as a “delicensed industry,” making exporters eligible for bank finance. 🔸Permission for foreign companies to set up autonomous, export-dedicated units. 🔸Establishment of software parks for infrastructure at lower costs. 🔸Work shifted to India, despite friendlier policies for foreign firms. This shift led to Bangalore’s development and the relative decline of other centers like Mumbai. 🔸Multinational firms also adapted to new policies, contributing to India’s IT growth. EVOLUTION (990s and Beyond): 🔸Since the 1990s, value-addition increased, and domestic firms became less dominant. 🔸India’s talent pool attracted work due to cost-effectiveness. 🔸The Indian IT industry’s journey—from overcoming challenges to becoming a global powerhouse—reflects resilience, innovation, and adaptability.
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Medial • 11m
Union Budget 2024-25: Key Highlights for Startups and MSMEs 🚀 Finance Minister Nirmala Sitharaman mentioned 'startup' just twice in her speech, but there's plenty for the startup ecosystem, manufacturing, and MSMEs in this budget! Here's the scoop:
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I participated in MSME Hackathon 4.0 in Madhya Pradesh, representing my startup that provides end-to-end IT security solutions. In India, very few security software products are made locally—most companies use foreign tools. Indian firms avoid local
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Why One Startup Got Funded & The Other Didn’t? 🚀💰 Recently, I validated two pitch decks. One secured funding, while the other is still seeking investors. The difference? Smart financial planning vs. unnecessary burn. ✅ Funded Startup: 🔹 Allocat
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Kolkata police Detective Dept raided Flat 02, 13 Mullen Rd, Ballygunge, arresting 19 for running an illegal call centre. They used to pose as anti-virus company staff, used remote software to access foreign victims' devices and then coerced victims i
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