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.
NITI Aayog recommendations cite the need for greater industry-academia collaboration to meet skill demand
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.
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,
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
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'.
According to experts, while allegations against Indian IT firms of visa misuse are nothing new, this time the scrutiny could be much greater.
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.
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.
'India cannot function the Chinese way and the sooner people realise that, the better it will be.'
Indian software companies have a huge potential to grow. And investors are likely to reap advantages of the same.
On the other hand, 16 or half of all states and Union Territories account for only 3 per cent of all exports.
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
Experts believe that the government needs more innovative ways to secure the cyber space in the country and a cess is more like a punishment which would not help in the long run.
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
Appointing Neemuchwala is seen as a big shift for Wipro.
Global IT firms seeing dearth of talent in countries such as US, looking for people with such skills from countries like India
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.
The funds raised by employees were matched by an equal contribution from Wipro.
