India is currently the hotspot for IT activity. Several well known names have set up shop in the country. well-known popular names include Google, Microsoft, CISCO and so on.
And its not only the large corporations who are doing this, several small companies from all over the world (especially US, EU and Australia to name a few) have been opening or tying up with Indian partners.
The Indian Govt. has made several changes to its procedure to improve the process of settinh up IT companies. In one of the first HOW-TO's on this topic, Satish Talim (Linkedin profile) is starting a series to describe the process. He should know. He has been helping several companies exactly that. I am sure he will welcome any additional questions and/or commercial enquiries. Here's the first article in the series.