Shri Prasad informed that India’s BPO industry is one of the largest in the world. Today India’s IT-BPM industry stands at US$ 37.6 billion (2019-20) i.e. Rs. 2.8 lakh crores approx. giving job opportunities to lakhs of youths in the country. Further it has a potential for double digit growth reaching upto US$ 55.5 billion i.e. Rs. 3.9 lakh crores by 2025.

 

AatmaNirbhar Bharat is the key initiative of Govt. led by PM Shri Narendra Modi and steps like Electronics Manufacturing Productivity Linked Incentive scheme,starting dedicated scheme of Electronic Manufacturing Cluster and dedicated PLI scheme for Telecom Equipment are few steps in this direction.

 

Similarly Ease of Doing Business is another fulcrum based on which series of reforms has been initiated in IT & Telecom vertical by present Govt. Start of one touch VNO licenses, Spectrum Sharing & Trading, Delicensing of certain frequency bands and now Next Gen OSP liberalisation is another step in this direction.

 

In November 2020, OSP guidelineswere liberalized as following:-

  • Data related OSPs were totally taken out of ambit of any regulation
  • No Bank Guarantees
  • No requirement of static IP
  • No requirement of reporting to the DoT
  • No requirement of publication of Network Diagram
  • No penalties
  • Made Work from Anywhere a reality

 

The BPM industry revenues grew from USD 37.6 billion in 2019-20 to USD 38.5 billion in 2020-21, despite the pandemic. This was largely possible due to the industry’s ability to work remotely and majorly enabled by the Government of India’s relaxations of WFH requirements under the OSP regime, first temporarily, in March 2020 and then complete reforms under the new guidelines in November 2020.

The Highlight of the Global Business is given below

  • Current BPM market – USD 198 BN
  • Outsourcing Market – USD 91 BN (46%)
  • Current BPM outsourcing revenue, India – USD 38.5 BN (Rs 2.8 lakh crore)

The main features of the liberalised guidelines announced today are :-

Distinction between Domestic and International OSPs has been removed. A BPO centre with common Telecom resources will now be able to serve customers located worldwide including in India.
EPABX (Electronic Private Automatic Branch Exchange) of the OSP can be located anywhere in the world. OSPs apart from utilising EPABX services of the Telecom Service Providers can also locate their EPABX at third Party Data Centres in India.
With the removal of the distinction between Domestic and International OSP centres, the interconnectivity between all types of OSP centres is now permitted.
Remote Agents of OSP can now connect directly with the Centralised EPABX/ EPABX of the OSP/ EPABX of the customer using any technology including Broadband over wireline/ wireless.
No restriction for data interconnectivity between any OSP centres of same company or group company or any unrelated company.
It may be recalled that DoT has already exempted Data Based Services from the OSP regulations. In addition, the regulations exempted OSPs from requirement of any registration. Also, no Bank Guarantees were to be furnished. Work from Home and Work from Anywhere was also permitted.
Penalties for violations were removed altogether reaffirming the trust Government has in business.
Further liberalization of Guidelines today will provide a big fillip for growth of OSP industry in India. This will create immense opportunities, income and employment in India.

OSP reforms impact survey conducted by NASSCOM in April 2021, enumerated following important findings :

  • Over 72% of the respondents mentioned that they are highly satisfied with the OSP reforms
  • 95% of the respondent mentioned has helped in reducing the compliance burden and cost of doing business in India
  • 95% of the respondent also stated that this will help in making IT services more competitive globally
  • Another 77% of the respondent mentioned that OSP reforms has helped in increasing the productivity
  • 92% of respondent stating that reforms also helped in reducing the financial burden on the companies
  • 62% of the respondent mentioned that they will consider expanding their operation or will make fresh investments basis the OSP reforms\
  • 55% also mentioned that this will help in generating new employment opportunities and will enhance access to talent

Today’s reform will further help the BPM industry to reduce their establishment cost and creating synergies among different companies. Through these reforms more and more MNCs will get attracted towards India as a favorable destination and hence will lead to more FDIs.

 

It is also to be highlighted that FDI during present govt. and previous UPA govt stands at :

 

 (2007-14)

 (2014-21)

Growth (%)

Telecom

11.64 Billion USD

23.5 Billion USD

102%

IT Sector (Computer S/W and Hardware)

7.19 Billion USD

58.23 Billion USD

710%



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Prime Minister Narendra Modi Chairs Second High-Level Meeting with Secretaries of Government of India
July 28, 2026
Sectors discussed: Finance and Economy, Commerce and Industry, and Technology
PM emphasises the need to break both horizontal and vertical silos within the Government
PM emphasises the importance of technological self-reliance and building domestic capabilities in critical sectors
PM encourages greater participation of young innovators and entrepreneurs in cybersecurity ecosystem
PM Stresses Proactive Outreach on Strategic Sectors to Counter Misinformation
PM says Govt must always remain youthful, dynamic and forward-looking, continuously adapting to new challenges and opportunities with agility and innovation
Secretaries share experiences and perspectives on key initiatives, emerging opportunities and implementation challenges

Prime Minister Shri Narendra Modi chaired the second high-level meeting with Secretaries to the Government of India at his residence at 7, Lok Kalyan Marg earlier today. He reviewed the future action agenda of Ministries and Departments dealing with Finance and Economy, Commerce and Industry, and Technology sectors. The meeting focused on accelerating progress towards the goals of Viksit Bharat.

Prime Minister called for a strong focus on team building across Ministries and Departments, urging officers to work with a shared sense of purpose. He emphasised the need to break both horizontal and vertical silos within the Government so that departments function in close coordination and deliver integrated outcomes.

Highlighting the importance of citizen-centric governance, Prime Minister said that the people of India must remain at the centre of governance. He reminded that every decision and policy should be guided by the interests and aspirations of the common citizen.

Prime Minister stressed that while India is making significant investments in infrastructure, equal priority must be given to developing indigenous technologies. He underscored the importance of technological self-reliance and building domestic capabilities in critical sectors.

Prime Minister underlined that energy security is closely linked with national security, economic stability and citizens’ welfare. Prime Minister said India must achieve self-reliance in the energy sector through innovation, diversification and accelerated capacity creation.

Emphasising that reforms are not merely a fashionable term but a continuous necessity for effective governance, Prime Minister stressed the need to reform processes, improve work culture and strengthen institutional efficiency.

Prime Minister said that growing use of technology must be accompanied by a strong focus on cybersecurity to safeguard digital systems and infrastructure. He stressed the need for constant vigilance against emerging cyber threats. He called for encouraging greater participation of young innovators and entrepreneurs in the cybersecurity ecosystem and emphasised that it should evolve into a nationwide movement.

Prime Minister also emphasised the importance of proactive communication on strategic sectors where the country is undertaking major initiatives, to counter misinformation and unfounded fears surrounding such efforts.

Prime Minister says that new academic courses should be planned in partnership with industry to equip the workforce with skills required by emerging and future industries. He also observed that a government must always remain youthful, dynamic and forward-looking, continuously adapting to new challenges and opportunities with agility and innovation.

The meeting featured detailed discussions by Secretaries on the progress, priorities and implementation issues across their respective domains. The meeting was attended by the Cabinet Secretary, Secretaries of key Ministries and Departments, and senior officials from the Prime Minister’s Office.