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Nasscom plans to beat BPO backlash
January 21, 2003 12:03 IST
The National Association of Software and Services companies has adopted a multi-pronged strategy to overcome the backlash following New Jersey State's ban on business process outsourcing from India.
Nasscom President Kiran Karnik told reporters in Bangalore on Tuesday that besides taking up with the New Jersey Government about the proposed legislation, the issue would be taken up with companies in United States.
Further, efforts would be made to sensitise the media to create awareness over the repercussions of the proposed law that would have an adverse impact on that state.
Nasscom would move the World Trade Organisation only as a last resort, he added.
Karnik, however, said outsourcing being the buzzword, such restrictions should not be there in a globalised economy. The resultant increase in sourcing within the US might prove detrimental to the industry, he claimed.
On the prospects of IT exports from the country, he said there was no move to revise upward the already downsized 30 per cent growth rate. Though the actual figures for the first half of the current fiscal would be known only a little later, the industry was progressing in the right direction. The performance during the nine months was "encouraging" he said, while replying to another question.
Later speaking at the Storage Networking Summit that began on Tuesday, Karnik said Storagae Area Network was all set to emerge as a big business in the country with an estimated domestic market size of $1 billion a year.
He said it was likely to emerge as a critical area for storing, mining and management of data in the future and India needed to take a leadership role in the emerging technology.
Confederation of Indian Industry President Ashok Soota in his remarks said India had to create new business modules encashing on the opportunities provided by SAN. He said vast data was available in various government services, railways, and other sectors and they could be mined for newer applications. Technology would play an important role in driving these new applications and new demands have to be created.