STPI to generate 15000 jobs in the BPO sector in North East India
By MYBRANDBOOK
Under the flagship ‘Digital India’ program, North East BPO Promotion Scheme (NEBPS) was launched to achieve much-needed inclusion of North-eastern states in the IT/ITES growth story. Software Technology Parks of India (STPI), an organization under the Ministry of Electronics & Information Technology (MeitY), Government of India is aiming to create around 15,000 direct jobs through this scheme. A budget of ₹50 Crore has been allocated to incentivize the establishment of 5000 seats in respect of BPO/ITES operations in the region.
This scheme aims at creating an ecosystem in the North East that will provide much-needed impetus towards development in the region. It would provide a platform to the youth of the northeast and curtail the migration from the region. Further, the scheme would facilitate investment in the states and attract industry players to explore the opportunities in the area.
Dr. Omkar Rai, Director General, Software Technology Parks of India (STPI) said, “Through this scheme, the government strives to ignite a developmental spark in the region and make it a preferred destination for all the sectors including ITES/BPO segment. The ecosystem created by this scheme would help in bringing the region into the mainstream. Investors must look forward to this as an opportunity to explore an unexplored market and tap an untapped section of human resource.”
The scheme provides financial assistance of up to 50% of the total expenditure (Capital / Operational) incurred on permissible items, with an upper ceiling of Rs. 1 lakh per BPO/ITES seat. Further, special incentives shall also be provided to units that employ women and specially-abled persons, generate employment beyond the target and for partnership with local entrepreneurs.
As of today, over 16 companies have received approval to set up BPO/ITES operations under North East BPO Promotion Scheme (NEBPS) for 21 units and 1675 seats, out of which Assam has the maximum share of 650 seats, followed by 400 in Nagaland, 350 seats in Manipur, 150 in Meghalaya, 75 in Tripura and 50 in Arunachal Pradesh. Some of these units are successfully delivering to international clients in the US and the UK.
Over a period, Indian BPO/ITES have grown from strength to strength, witnessing high levels of activity – both onshore as well as offshore, however, in recent years the growth has tapered for the reasons which once blossomed this industry in India.
With proper support, north-eastern states can provide the unbeatable combined value proposition of productivity, quality, and cost that and will give BPO/ITES companies the competitive edge. Further, the financial support from the Government through this scheme has made the north-east a prospective business destination.
This scheme is already showing successful strides through providing employment opportunity for the youth and enabling them to earn a decent livelihood in their own vicinity and thus, help them stay with their families.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : AMIT CHADHA
Amit Chadha serves as the CEO and Managing Director of L&T Technology ...
Icons Of India : Debjani Ghosh
Debjani Ghosh is the President of the National Association of Software...
Icons Of India : MADHABI PURI BUCH
Madhabi Puri Buch is the first-female chairperson of India’s markets...
RailTel Corporation of India Limited
RailTel is a leading telecommunications infrastructure provider in Ind...
C-DOT - Center of Development of Telematics
India’s premier research and development center focused on telecommu...
CERT-IN - Indian Computer Emergency Response Team
CERT-In is a national nodal agency for responding to computer security...
Indian Tech Talent Excelling The Tech World - George Kurian, CEO, Netapp
George Kurian, the CEO of global data storage and management services ...
Indian Tech Talent Excelling The Tech World - JAYASHREE ULLAL, President and CEO - Arista Network
Jayshree V. Ullal is a British-American billionaire businesswoman, ser...
Indian Tech Talent Excelling The Tech World - ARVIND KRISHNA, CEO – IBM
Arvind Krishna, an Indian-American business executive, serves as the C...