"We are confident of meeting our export targets," Nasscom president Kiran Karnik said. Nasscom would be taking up the issue of the rising rupee with the finance ministry while pushing forward for the extension of the Software Technology Park of India scheme.

"This is one of the issues we are looking at," he said with reference to the coming budget. "The rupee rose too much too fast", he said. On the slowdown of the US economy, he said, "We are concerned but there are two views on the issue by the industry. There can be an upside, but we don't know," he said.

Referring to a question on some companies relocating themselves in some of the near-shore destinations, due to rising cost, Karnik said, "We need the government support on this. The industry is doing all that it can do. But things like fiscal, taxation policy needs to be looked by the government. If other countries are offering huge incentives, we cannot choose to ignore it", he said.