ANALYSIS OF BUSINESS OPPORTUNITIES IN DIFFERENT SECTOR

CONTENT
Role and Importance. Business opportunity in different sector.
IT-sector. Gems

and Jewelry. Pharmaceutical sector. Handicraft sector. Tourism sector.

Conclusion.

ROLE AND IMPORTANCE OF ENTREPRENEUR IN ECONOMY

Employment Generation. National Income. Balanced Regional Development. Dispersal of economic power. Better standards of living. Creating innovation. "Economic development is the effect for which entrepreneurship is a cause"

BUSINESS OPPORTUNITY IN DIFFERENT SECTORS

IT-sector.  Gems and Jewellery.  Pharmaceutical sector.  Handicraft sector.  Tourism sector.


INDIAN IT SECTOR BACK ON GROWTH PATH: INFY CEO

PTI / Thiruvananthapuram January 23, 2011, 15:38 IST

Infosys Technologies CEO S Gopalakrishnan has said the Information Technology sector in India is in another growth phase. "In 2008, the industry saw growth coming down to single digits. Most IT companies stopped hiring employees and stopped expanding. Fortunately, growth is back and most companies are hiring in large numbers again. The top-five companies are estimated to hire 1,60,000 to 1,80,000 new employees in the next 12 months," he said here. Gopalakrishnan was delivering the keynote address on 'Sustainable Development Strategies for the Capital City (Thiruvananthapuram)' at a discussion organized by College of Architecture here last evening. "The IT industry has grown fast over the last 15 years. For example, the industry had about 1.50 lakh employees in 1993, around 5 lakh employees in 1999 and today, the industry employs around 2 million employees," Kris said.

IT SECTOR OVERVIEW
The origin of information technology (IT) industry in India can be traced to 1974, when the mainframe manufacturer, Burroughs, asked its India sales agent, Tata Consultancy Services (TCS), to export programmers for installing system software for a U.S. client. Over the past decade, the Indian IT-BPO sector has become the countrys premier growth engine, crossing significant milestones in terms of revenue growth, employment generation and value creation for India. According to a research report published by National Association of Software and Service Companies (NASSCOM), IT-BPO Sector in India: Strategic Review 2011, the sector is estimated to aggregate revenues of US$ 88.1 billion in FY2011, with the IT software and services sector (excluding hardware) accounting for US$ 76.1 billion of revenues. The Indian IT industry has played a key role in putting India on the global map and is now envisioned to become a US$ 225 billion industry by 2020. Indian IT companies such as Tata Consultancy Services (TCS), Wipro, Infosys, HCL etc. are renowned in the global market for their IT prowess.

MAJOR FACTORS FOR INDIAS EMERGENCE AS KEY GLOBAL IT PLAYER.

Indian Education System. High Quality Human Resource. Competitive Costs. Infrastructure Scenario.

EXPORT PROMOTION SCHEMES

Export Oriented Units (EOUs) Scheme. Electronics Hardware Technology Parks (EHTPs). Software Technology Parks (STPs). Export Promotion Capital Goods (EPCG) Scheme.

OPPORTUNITIES
Cloud Computing Services. Tele conferencing and video conferencing services. Technology Consulting. Application Software development.

GEMS AND JEWELLERY SECTOR

The gems and jewellery sector can be categorized into the following sub-sectors based on characteristics, processing techniques, preciousness in terms of price range and marketability.

Gemstones

Jewellery

Pearls

India is a leading player in the global gems and jewellery market.

The global market for gems and jewellery today is pegged at US$ 85 billion with key markets having registered an. average compounded annual growth rate (CAGR) of 5-10 percent in the last decade. The global market for Gold is estimated at 3300 tonnes. South Africa is the worlds largest producer of gold, followed by U.S.A and Australia.

THE GEMS AND JEWELLERY EXPORT PROMOTION COUNCIL.(GJEPC)

    

Trade Facilitator. Advisory Role. Nodal Agency for Kimberly Process Certification Scheme. Training and Research. Varied Interests.

OPPORTUNITIES
New markets. Colored diamonds. Scope in domestic market. Outsourcing of diamond jeweller. Future outlook of the diamond industry.

PHARMACEUTICAL SECTOR

The 2nd largest growing industry in India. It is also the 3rd largest in the world with an estimation of US $20 billion by 2015. M&A - an important factor for growth CAGR of Pharma is between 12-15% & the global figures are 4-7% for the period 2008-2013. Currently the Indian Pharmaceutical Industry is valued at $ 8 billion (approx). Globally the industry ranks 4th in terms of volume and 13th in terms of value. It provides employment to millions Industry has been declared a knowledge based industry. The total exports amounted to US $8.25 billion.

REGULATORY BODIES & PATENTS

National Pharmaceutical Pricing Authority (NPPA). Central Drugs Standard and Control Organization (CDSCO). Department of Chemicals & Petrochemicals (DCP). Patents.

OPPORTUNITIES
India has efficient and cost-effective sources for getting a hold of generic drugs, especially the drugs that are going off their patents in the coming years. India has abundant manpower with strong scientific, technical knowledge. The cost involved for research and development is very low. The production cost of quality drugs in bulk quantities is very low. India houses excellent laboratories with world-class facilities. India is self-reliant in terms of the production of bulk drugs.

HANDICRAFTS SECTOR
Handicrafts sector occupies an important place in the Indian economy. It contributes significantly to employment generation and export earnings. Export of handicraft was merely Rs.387.00 Cr. in 1986-87 rose to level of Rs. 8718.94 Cr. in year 2009-10. The economic importance of the sector also lies in its high employment potential, low capital investment, high value addition and continuously increasing demand both in the domestic and overseas markets. The sector provides employment to more than 60 lacs craft persons mostly from rural areas.

EXPORT PROMOTION COUNCIL FOR HANDICRAFTS(EPCH).

Providing commercially useful information and assistance to members in developing and increasing exports. Offering professional advice and services to members in areas of technology up-gradation, quality and design improvement, standards and specifications, product development, innovation etc. Organizing visits of delegation of its members abroad to explore overseas market opportunities. Participating in specialized International Trade Fairs of handicrafts & gifts.

CONTDu
Interaction between exporting community and Govt. both at the Central and State level and representation in almost all the committees/panels of Central and State. To create an environment of awareness through Workshops on "Export Marketing, Procedures and Documentation", Packaging, Design

Development, Buyer Seller Meet, Open House etc. interaction with Central and State Govt. and various other similar programs. Dissemination of government notification, orders, information on trade and other relevant information to members.

OPPORTUNITIES


Emerging demand for handicrafts goods in developed countries such as USA, Canada, Britain, France, Germany, Italy etc. Rising demand and usage of handicrafts products in fashion industry. Development of sectors like Retail, Real Estate that offers great requirements of handicrafts products. Developing of domestic and international tourism sector. e-Commerce and Internet are emerged as promissory distribution channels to market and sell the craft products.

TOURISM SECTOR
Ministry of tourism.
Incredible

India. Indian Institute of Tourism and Travel Management (IITTM). National Institute of Water Sports (NIWS).

Performance of Tourism Sector during February 2011

FOREIGN EXCHANGE EARNINGS (FEE)

FEE during the month of February 2011 were Rs. 7653crore as compared to Rs. 6646 crore in February 2010 and Rs. 4547crore in February 2009. FEE in US$ terms during the month of February 2011 were US$ 1684 million as compared to FEE of US$ 1434 million during the month of February 2010 and US$ 923 million in February 2009. The growth rate in FEE in US$ terms in February 2011 over February 2010 was17.4% as compared to the growth of 55.4% in February 2010 over February 2009. FEE from tourism in terms of US$ during January-February 2011 were US$ 2957 million with a growth of 11.6%, as compared to US$ 2649 million with a growth of 42.1% during January-February 2010 over the corresponding period of 2009.

FOREIGN TOURIST ARRIVALS (FTAS)

FTAs during the Month of February 2011 was 6.92 lakh as compared to FTAs of 6.01 lakh during the month of February 2010 and 4.90 lakh in February 2009. There has been a growth of 15.1% in February 2011 over February 2010 as compared to a growth of 22.7% registered in February 2010 over February 2009. FTAs during the period January-February 2011 were 12.30 lakh with a growth of 12.7%, as compared to the FTAs of 10.92 lakh with a growth of 12.4% during January-February 2010 over the corresponding period of 2009.

OPPORTUNITY
Development of Tourism Infrastructure. Hotels and Travel Trade. Medical Tourism.

Presented By: Anurag Premchandani. Ashish Chanchlani. Gaytri Iyer. Nisha Tripathi. Yogesh Punjabi. Umesh Ramchandani.