Heads of the IT and BPO industry in India applauded the Govt’s transition to loosen up rules so as to enable IT and BPO organizations to adopt a permanent work from home/work from anyplace, considering it a game-changer that could make a large number of jobs in modest communities and urban areas.
Prime Minister Narendra Modi on Thursday declared a series of measures pointed toward facilitating ‘ease of doing business’ and making India a tech center. In accordance with this, the government simplified the Other Service Provider or OSP rules of the Telecom Department, a move that would diminish the compliance burdens of the IT and BPO industry.
Responding to this, product body Nasscom President to ET NOW, “This is one of those game-changing moments, it is going to be a strategic inflection point for the industry and will significantly boost India’s competitive advantage. It will boost India’s position as a strategic IT hub for the world, bringing in more investments. It will benefit companies across the board- anyone who has to use company network for remote working, IT services, BPO, MNCs.”
Wipro executive Rishad Premji stated, “This is truly long term, progressive thinking by the Government which will make our technology industry that much more competitive. Working from anywhere has become the new reality and thank you for seeing this.”
Simultaneously, Tech Mahindra CEO CP Gurnani considered it a genuinely necessary change for the IT industry.
WNS CEO Keshav Murugesh said this would launch Indian IT and BPM to the following degree of development and lead to job creation and improvement of small towns and urban areas in level 3 and 4 areas. Genpact CEO Tiger Tyagarajan said the attention on making India a tech center point is inconceivably ideal and will profit the nation.
While the Govt had before loosened up work from home rules till the year’s end, the new ones will immensely lessen the compliance burden of the BPM industry. The registration prerequisite for OSPs has been discarded altogether. The BPM industry occupied with information related work have been totally removed from the ambit of the definition of an OSP. In addition, necessities, for example, deposit of bank ensures, incessant detailing obligations, penal provisions among others have additionally been discarded.
The IT and BPM sector is the greatest engine of job creation in the private sector in India. As indicated by information from Nasscom, the technology industry in India over FY2009-FY2019 has added USD 105 billion in income and more than 2 million workers. Ladies workers today represent more than 35 percent (1.4 million) share in the complete industry employee base.
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