National Association of Software and Service Companies (Nasscom) has announced its annual event Indian Leadership Forum. Giving an insight in the performance growth of the Indian IT industry, Nasscom’s President Kiran Karnik informed that the three-day event is scheduled for February 8. 2005.
Karnik said, “The Indian IT industry is all set to cross the Rs 1,00,000-crore mark anytime now. The industry is boasting of an average 32 per cent growth, where the domestic growth is 24 per cent and the growth through exports is 36 per cent. While all the categories constituted to the growth, it was largely IT and ITES that made a significant contribution. And given the role it has played in driving GDP and foreign exchange reserves, I would say IT is driving brand India.”
He threw light on other details as well like facts on the $39.6 outsourcing pie, where India is a lead gainer with a share of $ 17.2 billion, followed by Canada that claims $ 12.6 billion. “However, despite such growth we do face bottlenecks like infrastructure,” added Karnik.
A few trends that he pointed out in the industry today were the established player aiming for higher targets and exceeding it, domestic IT upsurge, mergers and acquisitions, return of the venture capitalists, India changing to a R&D hub, increased MNC presence in India and the emergence of global sourcing.
He also said that the Indian Leadership Forum this year would see some added elements like the institution of global leadership awards. “It is difficult to date the IT industry in India but given the prominence the sector began to see in the 80’s, it wouldn’t be wrong to say that we have completed two decades of the industry and these awards are a way to celebrate that.”
Gary Barrett, CEO, Intel, will be awarded for Creativity. Carry Fiorina, Chairman and CEO, HP would be awarded for Vision. Professionals Masamato Yashiro, Chairman, President and CEO of Shinshei Bank would be awarded for IT usage, and Stephen Greens, CM, HSBC Bank for Excellence as ‘Business Leader’.
The conference will have four tracks covering Global economic Landscape, Offshoring, Consumer Forums and Open sources/business opportunities. These tracks would be spread over the three days. The theme for the event this year would be ‘innovation’.