Business & Finance

Nasscom bullish about IT growth

Press Trust of India : IT and BPO industry is poised to clock a growth rate of 15 to 20 per cent over the next five years and direct employment likely to go up to eight million, a recent survey by Nasscom has said.

 
The survey says that prospects of the industry growing in 50 cities in the country are bright if the state governments concentrates on developing infrastructure in these cities.

 
Releasing the survey, Nasscom president Mr Som Mittal told a Press meet that the industry was focussing on seven locations in the country now, employing about two million people.

 
The present locations ~ Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, National Capital Region of Delhi and Pune ~ might not be able to cope with the pressure developed due to setting up of new units there.

The survey said that the development of these 50 locations, including the seven, would depend on knowledge pool availability, infrastructure and social environment, government support and business environment.

 
The former president of Nasscom, Mr Lakshmi Narayanan, said the survey revealed that Tamil Nadu had the maximum number of potential IT and BPO locations, adding that Coimbatore, Madurai, Salem and Tiruchirapalli could develop like Chennai.

 
Earlier, inaugurating the fifth edition of the Nasscom's annual HRD summit, Tamil Nadu IT secretary Mr C Chandramouli said that the state would seek the help of software majors like HP and Intel for preparation of text books for IT courses in the state.