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February 6, 2001
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Money > Reuters > Report February 6, 2001 |
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'India must create original technology'India's software industry is changing its focus to products, patents and telecom software, after shifting gears last year to e-commerce from Year 2000 (Y2K) coding, according to the industry association. "India has to create original technology or IPR (intellectual property rights). Only those countries that are able to create original technology will become leaders," the National Association of Software and Service Companies (NASSCOM) said on Tuesday in a strategic review for this year. The industry association, which aims to multiply exports of software and allied services to $50 billion by 2008 from $6.3 billion in the year ending March 2001, said in a report released ahead of its 2001 conference that India must make shrink-wrapped software for the global market. NASSCOM president Dewang Mehta said worldwide deregulation and new wireless technologies, such as high-speed third-generation transmission, were expected to make communications software emerge as "the fastest and most profitable" growth segment over the next five years. NASSCOM officials said at a news conference that they estimated exports of communications software would double to $900 million in 2000/2001 from the previous year, while the industry's overall exports would grow by 55 per cent. Exports of communications software will grow to $2.3 billion in calendar year 2003 as telecommunications operators move to mesh voice, data and video over the Internet, NASSCOM forecast. The industry has identified significant opportunities in fields such as embedded software for telecom equipment, protocol software which help networks or products talk to each other, and wireless technologies and software linked to connecting devices such as switches and routers. Other product development areas could include the Internet, e-commerce, newer versions of business software and even core "operating systems" software, the association said. The Application service provider (ASP) business, under which users rent software over the Internet, was also identified as a potential growth area.
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