GrowIT.in Nagpur

A recent study by TSYS reports that "India will climb...to be one of the world's top five generators of non-cash payments by 2017,"

The study notes that in the emerging BRIC (Brazil, Russia, India and China) markets, cash remains king; but in India the tide is turning as consumers increasingly conduct electronic payment transactions with either plastic cards or, to a lesser degree, mobile phone-based applications.

Some other agencies have also estimated a greater rise in the mobile payments domain as well. With over 500 mobile phones in India, the mobile payments seems to be a bigger mode of payment that could arise in the future.

Are IT SMEs considering this opportunity. Share your views below.

Nagpur is an educational hub with high talent potential and caters to  major companies with quality & fresh talent in various industry verticals. This has been proved yet again as 1000+ students from various engineering colleges in Nagpur got selected by major software companies in last 3 weeks, creating history in Central India.

Once In a Lifetime All expenses paid trip to Israel came along for a 29 yr old Electrical Engineer & an Entrepreneur from Nagpur - Kaustubh Katdare popularly known as 'The Big K' on the Internet who is also the Founder & CEO of CrazyEngineers.

Crazyengineers and Kaustubh are leading examples of how a simple Information based business can be built up from a city like Nagpur by just thinking innovatively.

This article is an extract from the Nagpur IT Software Landscape Report 2011 Q1 and looks at the Nagpur IT support system which includes IT Parks,  Special Economic Zone (SEZ) MIHAN, Active Technology user groups, VASE (Vidarbha Association of Software Exports and VCMDWA - Vidarbha Computer & Media Dealers Welfare Association.

According to a recent press release, TCS has sought and obtained extended Letter of Permission (LoP) until 23 April, 2012, thus expressing interest over starting operations at Nagpur.