India faces huge shortage of software product developers who can think "out-of-the-box" ideas and concepts but the educational institutes are churning out engineers suited mainly for the IT services market, industry officials say.
Manpower shortage in India's high potential, high-growth ITES-BPO industry by 2009 is estimated to be 2.62 lakh people, officials said on Tuesday.
Indian software companies have a huge potential to grow. And investors are likely to reap advantages of the same.
For 2015-16, the planned outlay for the department was Rs 2,568 crore.
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.
Through these new hires and centres, Infosys will also focus on enhancing its play in new technology areas like artificial intelligence (AI), machine learning, user experience, cloud and big data.
Matthew J Szulik, Chairman, Chief Executive Officer and President, Red Hat will visit India from February 7 to February 12.
While Indian IT has known what is coming and has a strategy ready to combat it, the same can't be said about the country and the government.
US software major Cognizant Technology Solutions will invest $ 35 million in India to expand its infrastructure and development centres.
A large number of large and small businesses process EU data, have customers from the EU or have access to data of EU citizens in one way or another.
"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.
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.
Digitisation and automation key challenges to business model
Bhavin and Divyank Turakhia remain as committed as ever to incubating start-ups despite selling their firm for $900 mn
Any changes in the visa regime may result in higher operational costs and shortage of skilled workers for the $110 billion Indian outsourcing industry.
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.
Wipro chairman Azim Premji has projected IT software and IT-enabled services exports to touch $19-20 billion this fiscal.
Ambrish Sinha, CEO, MeritTrac Services, identifies 6 future-ready skills that a post-COVID-19 workplace will require.
They are asking TRAI to reject the plan in the interest of protecting the citizens' right to use Internet
Indian software and services exports achieved 25 per cent growth during the fiscal year 2002-03, touching a revenue of $9.5 billion.
Evaluation gets tougher as companies battle uncertain macro conditions and automation.
Bruce Chizen, the chief executive of publishing software maker Adobe Software, is visiting India from Tuesday to take stock of the company's operations here and to interact with customers.
The company has been a part of the start-up ecosystem in a big way from early stages right up to when the companies start achieving full scale.
IT industry body Nasscom said it is quite hopeful the final contour of the bill would be much more balanced than it is at present.
Analysts say the impact on Indian entities would not be immediate
India's value proposition and overall shift towards offshore information technology and IT-enabled services will lead to an annual growth rate of 35 per cent in the sector.
China and Mexico seem to be the target of Donald Trump's campaign and his response to get jobs back to America
Infosys has been focusing on winning more lucrative digital technology and automation outsourcing contracts.
Modest growth projections hits IT sector.
Nasscom President R Chandrashekhar discusses the ramifications of Trump's 'Buy American-hire American' agenda with Raghu Krishnan.
The IT slowdown directly threatens the well being of other industries as well as India's IT cities. This impact has not necessarily been factored in, yet.
According to Nasscom estimates, Rs 900 crore in revenue was lost in 1999-2000, Rs 1200 crore in 2000-01 and Rs 1700 crore.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
While Dell has grown its business quite rapidly in India, one needs to be used to the ups and downs in the market place in the country, said the chief executive.
This provides for H-1B extensions beyond the 6-year limit.
'During the pandemic, thousands of IT employees have lost their jobs.' 'Many of those who still have their jobs fear that they will lost it any moment.'
H-1B visa is a non-immigrant visa, which allows US employers to temporarily employ foreign workers in speciality occupations
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