IT Building

The information technology (IT) sector

The Indian IT-ITES sector has played a vital role in acquiring Brand Equity for the nation and has contributed immensely to the increase in the Country’s GDP, Employment and Exports. National Association of Software and Service Companies (NASSCOM)—the apex body for software services in India—has recently released publication-Strategic Review 2010, the IT-BPO sector's revenue as a proportion of the country's Gross Domestic Product (GDP) has grown from 1.2 per cent in 1998-99 to an estimated 6.1 per cent in 2010-11.

Estimates for the industry indicate robust growth over next few years

With the increasing opportunities in IT sector at a rapid pace, It is expected that the IT software and services sector revenue will grow from US $ 59.9 billion in year 2008-09 to US $ 105 billion by 2014 and US $ 225 billion by 2020 with exports growing from US $ 47.1 billion to US $ 82 billion by 2014 and US $ 175 billion by 2020 respectively. The domestic revenue is projected to grow from US $ 12.8 billion in year 2008-09 to US $ 23 billion by 2014 and US $ 50 billion by 2020 with a CAGR of 13-14 per cent for both, exports and domestic.


The Indian information technology sector continues to be one of the sunshine sectors of the Indian economy showing rapid growth and promise. According to a report prepared by McKinsey for NASSCOM called 'Perspective 2020: Transform Business, Transform India' released in May 2009, the exports component of the Indian industry is expected to reach US$ 175 billion in revenue by 2020. The domestic component will contribute US$ 50 billion in revenue by 2020. Together, the export and domestic markets are likely to bring in US$ 225 billion in revenue, as new opportunities emerge in areas such as public sector and healthcare and as geographies including Brazil, Russia, China and Japan opt for greater outsourcing.


IT Offices

a. Procurement of land

The company owns an area of approximately 1.8 acres (approx) on which the offices for use of IT business will be constructed.

b. Feasibility of Project

The site is located in Sector 32 Panchkula, which has been declared Panchkula Technology Park Phase II by the Govt. of Haryana. The first phase of the Technology Park in the adjoining Sector 22 has already been allotted to world class IT companies. The development of the Phase II is already on. In view of above, the Project is expected to have huge demand.

c. Regulatory approvals

The site is approved for IT Parks

d. Brand Tie up

At a Plan Stage

e. Commencement of construction

At a Plan Stage

f. Cost Incurred till date by promoters (Apart from land)

At a Plan Stage