How to set up an IT firm in tier II and tier III cities

The information technology (IT) industry has been one of the most important industries for the Indian economy. It is expected to grow by another 19 percent in 2011 as more and more companies emerge to challenge the established players. The Centre and state governments have also understood the potential of the sector and are creating platforms and policies to support its growth. This openness shown by the government has opened avenues for aspiring entrepreneurs in cities other than metros. Several factors make Tier II and Tier III cities preferred destinations for IT services. These include increasing awareness about the industry, abundant local talent pool, availability of resources and facilities, competitive landscape and marketing opportunities.