Even as outsourcing demand from Europe revives after the debt crisis, data protection regulations in the region governing trans-border data flows could hurt the $108 billion Indian IT-ITeS industry.
Nasscom chief Kiran Karnik said: 'I am not saying you throw open education, but we need to liberate higher professional education from constraints.'
In line with its earlier projection, Indian software exports are on track to grow at 26-28 per cent during the current fiscal, Nasscom president Kiran Karnik said on Tuesday.
It is being suggested that apps, such as WhatsApp and Telegram, should share their APIs with each other to ensure there is interoperability, just as it exists across email services.
The software body, which represents the $100 billion Indian IT-BPO industry, has also appointed MindTree CEO Krishnakumar Natarajan as the vice chairman of the executive council.
Indian offshore engineering research and development (ER&D) services market is expected to reach USD 37-45 billion by 2020 and create over one million jobs, software industry body Nasscom said.
Innovation can add an additional USD 50 billion to the revenue pools of Indian IT and ITES industry by 2012, a new study released on Wednesday said.
Focus has to be a lot about self-learning, says Nasscom Senior VP Sangeeta Gupta.
"There is no reason for us to be worried... We have spoken to customers and they are looking at expanding into geographies and bringing newer solutions to the market," Nasscom President Som Mittal told reporters in New Delhi on the sidelines of the Nasscom BPO Strategy Summit 2011.
Global capability centres (GCCs) are increasingly looking to tap into revenue opportunities from the Indian market, which is already a critical talent hub. While capturing the potential of the Indian market has been in the works over the past few years, it's only of late that companies are gaining momentum. India is home to more than 1,580 GCCs, with a total market size of $46 billion and growing at a compound annual growth rate (CAGR) of 11.4 per cent, according to a Nasscom-Zinnov report.
The appreciation of rupee as against the dollar does not augur well for the growth of IT and ITES industry, which was engaged in a dialogue with the government to partially offset the impact through setting up more IT export clusters, Nasscom said.
Kiran Karnik has decided to step down from his role as president, Nasscom. The premier software association has already initiated a search process to locate a successor.
National Association of Software and Service Companies on Monday condemned the arrest of e-commerce portal Baazee.com's CEO Avnish Bajaj in the Delhi Public School MMS scandal.
A Nasscom letter to US senators calls for attention to the fact that there is a considerable body of evidence pointing to the contributions made by H-1B visa holders to innovation and entrepreneurship in the US.
To position Bhubaneswar as a sought after IT destination, Orissa needs to build a world class workforce for IT and BPOs, ensure digital acceleration and focus on upgrading social infrastructure to attract global IT citizens. This was pointed out by Ganesh Natarajan, chairman, NASSCOM at an IT conclave on Destination Bhubaneswar.
Nasscom revised the forecast for the gaming industry from $1,060 million to $830-million and animation industry from $1,163-million to $1,000 million. The report, prepared by Nasscom and Ernst and Young provides a detailed insight on the growth-drivers, business models, issues and challenges for the gaming and animation industry in the next few years.
The $108 billion Indian IT-ITeS industry is also witnessing the rise of tier II and III cities like Kochi, Ahmedabad and Kolkata as product hubs.
India ranks third among global startup ecosystems.
The information technology and IT-enabled services sectors are expected to grow 12-14 per cent and clock export revenues of $84-87 billion in the next fiscal, industry body Nasscom said.
Nasscom to set a committee to look for successor of Som Mittal.
As part of its initiatives to work with the Indian law enforcement organisations towards creating more awareness on cyber crimes, Nasscom is in talks with the Maharashtra director of prosecution to train 40 prosecutors every month.
IT industry body Nasscom on Monday said the country's IT companies, which exports 90 per cent of software and services to the US and Europe, may see a decline in new orders due to the global financial crisis.
Nine companies incubating at StartupVillage have made it to the second round of Nasscoms flagship programme to support 10,000 technology startups across India.
The traditional model of IT is being commoditised and players are losing margins. Industry needs to focus on innovation-based start-ups for next round of growth.
With Indo-Pak relations entering a new phase, the first ever information technology delegation from Pakistan will participate in the National Association of Software and Service Companies' annual summit, starting next month.
A bulk of the Paris-headquartered IT major Capgemini's proposed euro 2 billion investment over three years in artificial intelligence (AI) is coming to India, a top official of the company said here on Wednesday. The three areas where the European tech major is investing are talent acquisitions, talent reskilling and for partnerships and creating a centre of excellence (CoE). "We have announced we will be training 100,000 people by the first half of 2024.
President Obama is scheduled to arrive in India on November 6.
The counting of votes of the 16th general elections are scheduled for May 16, following which the new Indian government will be formed.
It's for the first time that someone from the industry will hold the position of president at Nasscom.
Dean at Sastra University asks NASSCOM to allow campus recruitment by IT companies in the 7th semester instead of last.
The rising value of rupee against the US dollar is likely to make a two to three per cent dent in export earnings of Indian software companies in the first half of the current fiscal.
To further strengthen the global brand equity of Indian software industry and address issues of concern in other countries, Nasscom has embarked on a global communications campaign.
The BPO/KPO industry employs about 2.2 million people and the number would increase to 10 million by the end of 2020.
It has apparent "negative connotations" in some mature markets such as the US.
Looking at Australia for partnership in the ICT arena, National Association of Software and Service Companies is exploring ways to foster alliances and is leading an IT trade delegation there for the purpose.
Industry body Nasscom is in the process of setting up of an independent self regulatory organisation, which will establish, monitor and enforce privacy and data protection standards for the ITES and BPO industry in the country.
National Association of Software and Service Companies had a humble beginning.
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