Predicting that the Indian IT industry was likely to add two lakh employees this year, Nasscom president Kiran Karnik on Tuesday said the association was working on the image of BPO industry and would create a data base of people in the industry.
Software industry body Nasscom expects the country's information technology (IT) services sector to grow 13-14 per cent in the current financial year and to touch $225 billion (Rs 13.22 lakh crore) by 2020.
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The IT bellwether currently has about 28,000 employees in West Bengal in different facilities and it expects to recruit around 4,000 more in the current year.
The Indian IT and IT enabled services exports from India are seeing a good traction and the rate of growth is expected to be between 30-35 per cent in 2005-06.
Ratan Tata said he continued to feel the need to support young entrepreneurs who were keen to unleash the Indian tiger.
India is emerging as one of the most preferred destinations and the leader for outsourced product development, says Gowri Shankar Subramanian, CEO, Aspire systems.
IT sector has lots of hope from the Union Budget 2014-15.
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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 NASSCOM report said Indian tech industry contributed more than $375 million to the US Treasury between fiscal year 2011-2015
According to sources, Nadella will be visiting New Delhi on September 30 to take part in two events to be organised by Nasscom.
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Schmidt had a closed-door meeting with four start-ups in Bangalore.
Notwithstanding the current Malaysian imbroglio involving Indian IT workers, India's software and services exports to that country stood at just Rs 70 crore in 2001-02.
The $100-billion export-driven sector has been vocal on the need to move up the value chain with increased automation, offering services bundled with software products and platforms.
The aviation ministry is not in the business of regulating tariffs, says its president Aditya Ghosh.
The World Bank would outsource over $10 million IT work to India in the next 12 months through its existing Indian partners, Nasscom
BSE-IT index slumped over 10 percent after Infosys, the second-biggest software exporter, guided for a revenue growth of 6-10%, much below of 12-14% for the fiscal 2014.
The new rules will bring down people's mobility and as a result flexibility in scaling businesses
The bill introduced in the state of New Jersey proposes a ban on government outsourcing contracts to foreign countries.
Infosys management has guided for a seven per cent growth in FY15.
Unstated assumption is that the job applicant is in some way responsible for his employability problem, says Ajit Balakrishnan.
iSpirt to work closely with trade bodies including Nasscom in providing policy prescriptions.
During the visit, he will address a Nasscom meet and participate in a Google+ Hangout with students.
The quantum of hiring is likely to remain the same as that of the past financial year.
The Bombay Stock Exchange IT index has dipped almost 9% or 585 points at 6,210 compared to 1.56% fall in benchmark Sensex at 0917 hours.
Nasscom will give out future estimates in February.
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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.
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