Govt liberalizes guidelines for OSPs; no distinction between domestic, international: Prasad
Govt liberalizes guidelines for OSPs; no distinction between domestic, international: Prasad
The government on Wednesday further liberalized the guidelines for Other Service Providers (OSPs).In a press conference, Ravi Shankar Prasad, Minister of Communications and IT, said that the latest guidelines further liberalized the special dispensation given to OSPs in addition to the major measures already announced and implemented in November, 2020.
These entities are business process outsourcing (BPO) organisations giving Voice based services, in India and abroad.
Meanwhile, 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,” he said.
