After two decades of being in the information technology business, India is still a 'toddler' with only 2 per cent of global market share, according to N R Narayana Murthy, Chairman and Chief Mentor, Infosys Technologies Ltd.
Continuing with the remarkable double-digit growth, Indian IT and ITeS revenues is expected to exceed $28 billion in 2004-05 from $21.5 billion in 2003-04 with ITeS-BPO as the fastest growing segment in the wake of changing global services landscape,
The funds raised by employees were matched by an equal contribution from Wipro.
Software major Infosys Technologies said on Saturday that the passage of the law by the US Senate banning sub-contracting work to other countries, including India
India's information technology industry is estimated to cross Rs 1 lakh crore in 2004-05 and employ over 10 lakh knowledge professionals, according to Nasscom.
Acknowledging him as the person trying to direct the path of the offshoring movement, US magazine Forbes has described, Nasscom president Kiran Karnik, as the 'Face of the Year'.
Matthew J Szulik, Chairman, Chief Executive Officer and President, Red Hat will visit India from February 7 to February 12.
"We are looking at setting up a near shore delivery centre in either in Europe or the US or both. We would also set up a centre in China to service global orders," Progeon managing director and CEO Akshaya Bhargava said.
Indian software companies have a huge potential to grow. And investors are likely to reap advantages of the same.
So what's up? Why are so many promoters heading for the door? It cannot be that all of them lost their appetite for a good fight at the same time.And if Naresh Goyal of Jet Airways and Subhash Chandra of Zee Entertainment do bow out, will it be seen as chickening out when the going got tough or the entrepreneurial instinct of surviving to fight another battle waned, wonders Shailesh Dobhal.
India faces shortage of people for high-end industrial work that is based on research and development, Kiran Karnik, president of National Association of Software and Service Companies said on Monday.
Software and services exports from India are expected to grow 34 per cent year-on-year in 2004-05, two per cent more than the target set by National Association of Software and Service Companies.
Wipro chairman Azim Premji has projected IT software and IT-enabled services exports to touch $19-20 billion this fiscal.
In an environment marked by high employee attrition and turnover, a majority of Indian IT and ITeS firms have positioned their compensations above the market median
Congress President Sonia Gandhi, noted industrialist Ratan Tata and Nasscom president Kiran Karnik were named among 25 'Stars of Asia' by the US-based magazine BusinessWeek for being in the 'forefront of change.'
Indian animation industry has a potential to touch earn a revenue of over $1.5 billion by 2005 compared to the current $1 billion
Software employees can opt for company-run programmes, online courses, boot camps to upgrade skills.
Almost all Indian IT companies would pay between $8,000 and $10,000 per H1B visa from April 1
US software major Cognizant Technology Solutions will invest $ 35 million in India to expand its infrastructure and development centres.
The Indian manufacturing sector has the potential to emerge as the global hub, especially on account of its skilled manpower, advanced technology and software expertise.
'We are on a whole different level of complexities and fundamental change is happening in the industry. There is a need for organisations to design themselves to deal with such complexities.'
The company is the third largest employer among foreign IT companies in the country, after Accenture and IBM
IT spending in India accounts for even less than one per cent of the annual turnover of the companies though domestic software market is estimated to grow to $4.2 billion in the current fiscal, according to a Nasscom survey.
Technology evolution forces private players to downsize operations.
The challenges before the IT industry are many and its response over the coming months will shape the future of what has been one of the most vibrant value-creating and livelihood-enabling sectors.
The government has prepared a draft of the Data Protection Act, which would help protect data and confidentiality of businesses in the country, a top official of the information technology department said on Thursday.
Indian software and services exports achieved 25 per cent growth during the fiscal year 2002-03, touching a revenue of $9.5 billion.
The apex body said that the annual Indian software and service exports was expected to reach $50 billion by the year 2008 and of this Japan alone would account for three to four billion.\n\n
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