India is poised to be third largest economy along with US and China, and MSME (Micro Small Medium Enterprises) sector is poised to play a significant role in providing the take-off to our manufacturing and services sector especially in the Information Technology (IT) space. Indian IT industry is already accounting more than two-third of our net exports worth 124-130 billion dollars while creating employment opportunities for more than one crore of our people.
As part of Association of MSMEs in Information Technology (AIM-IT), we are committed to provide an ecosystem to start-ups, small & medium enterprises in field of IT that facilitates them in conducting ethical business by reducing bottle-necks, following compliances in their transactions and also convey their grievances to relevant stakeholders and authorities in the government and industry fraternity.
We at AIM-IT see start-ups and Micro, Small & Medium Enterprises (MSMEs) in IT as exciting and effective instruments for India’s transformation by providing more jobs to the youth and empowering our economy at the same time. We are committed to realise the potential of lakhs of MSMEs in IT that are spread across hundreds cities, towns and villages. This that will create an enormous economic momentum and substantiate our position as a global superpower.
Indian IT industry is expected to touch 300 billion dollars by 2020 with an expected growth rate of 11 per cent per annum for next ten years straight; thus tripling our current annual revenue to reach 350 billion dollars by 2025.
Growth of IT industry will have a direct impact improving transport, healthcare, education, agriculture, clean energy, security, financial inclusion and water management. Thus, MSMEs in IT will polish the economies of our tier-II cities; taking the benefit of our growth to rural India, which is deprived of it due to irrational and biased policy strategies of large corporates and MNCs.
India is the fourth largest base for new businesses in the world and home to over 3,100 tech start-ups, most of them belonging to the MSME sector. The economy is set to increase its base to 11,500 tech start-ups by 2020 as the industry would get a huge boost from Make in India, Digital India and Start-Up India, the flagship programmes launched by NDA government.
AIM-IT will be the torch-bearer for the IT MSME sector by ensuring the penetration of progressive government policies to the last mile, while at the same time sensitizing the government about pressing issues and challenges of IT MSMEs.