International economic slowdown will not affect Indian software majors
Intl economic slowdown would not affect Indian software majors as domestic mkt is growing at good pace. Tips to maximise marketing spend I Season of pink slips
By PTI |
MADURAI: The international economic slowdown would not affect Indian software majors as the domestic market is growing at a good pace and the country has been recognised by multinational companies as one having global delivery capability, a top official of Birlasoft (India) Ltd said.
Venkatesan Seshadri, vice president of the company, told reporters here that Indian companies now doing consultancy would be among the top 20 global companies in 15 years. The challenges facing organisations was the economic impact, GDP, competitiveness, availability of quality infrastructure and the need to have global competitive skills, he said.
Stating that it was incorrect to say that the IT industry had slowed down or reached saturation point, he said there was uncertainty in the market. "We are waiting and watching. India's share in the software market is meagre and hence there is scope for more and more development"
He pointed out that the success of software business in India was not by chance or luck, but due to the fact that the education system was quite strong and could understand the nuances of the industry. "We could implement the processes much faster than any other country," he said.
Seshadri, a CII steering committee member, said CII would soon organise 'iTalent 2008', an initiative to identify Young IT talent among students of regional and suburban colleges.
The objective behind this event was to identify and showcase their computing talents, he added.
Venkatesan Seshadri, vice president of the company, told reporters here that Indian companies now doing consultancy would be among the top 20 global companies in 15 years. The challenges facing organisations was the economic impact, GDP, competitiveness, availability of quality infrastructure and the need to have global competitive skills, he said.
Stating that it was incorrect to say that the IT industry had slowed down or reached saturation point, he said there was uncertainty in the market. "We are waiting and watching. India's share in the software market is meagre and hence there is scope for more and more development"
He pointed out that the success of software business in India was not by chance or luck, but due to the fact that the education system was quite strong and could understand the nuances of the industry. "We could implement the processes much faster than any other country," he said.
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Seshadri, a CII steering committee member, said CII would soon organise 'iTalent 2008', an initiative to identify Young IT talent among students of regional and suburban colleges.
The objective behind this event was to identify and showcase their computing talents, he added.
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