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'.
"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.
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
'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.'
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.
The company is the third largest employer among foreign IT companies in the country, after Accenture and IBM
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.
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.
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.'
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.
Indian animation industry has a potential to touch earn a revenue of over $1.5 billion by 2005 compared to the current $1 billion
Technology evolution forces private players to downsize operations.
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 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 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.
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.
Stronger rupee likely to take a toll; Infosys results on April 13 to be keenly watched
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
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.
Patni Computer Systems Ltd will set up a development centre in China, mainly to cater to the Japanese software market, a company executive said on Thursday.
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.
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