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Outlook for Indian IT sector in 2018 cautiously positive, says Nasscom
Posted on 8th February 2018
Outlook for the Indian information technology (IT) sector is ‘cautiously positive’ in 2018 as challenges remain amidst prospects of greater IT spending with global and US economies improving, industry body Nasscom said. Dismissing speculation about 2018 being a come-back year for the IT sector, the president of the industry body Nasscom (National Association of Software and Services Companies), R Chandrashekhar, said, “That’s the problem, that people proclaim a major revival very quickly.” “Neither was a decline predicted nor a sudden massive revival or change this year,” he told PTI here.

Nasscom says HR 170 Bill & higher visa fees to put big Indian IT companies at disadvantage
Posted on 22nd December 2017
NEW DELHI: Fresh restrictions on work visas for technology workers proposed by the Trump administration are set to further exacerbate difficulties faced by Indian outsourcing companies. The proposed regulations — like the HR 170 — as well as the doubling of visa fees announced earlier, have increased the burden on local technology firms placing them at a disadvantage compared to overseas rivals, according to a software industry lobby.

"The US government's immigration policy is creating an artificial distinction between one company and another," said R Chandrashekhar, president of the National Association for Software and Services Companies.


NASSCOM, China’s Dalian city to promote investment in IT sector
Posted on 20th December 2017
India’s National Association of Software and Services Companies (NASSCOM) and China’s Dalian city have signed an agreement to set up a platform for partnership between Indian and Chinese IT companies. The move will help Indian IT software companies enter Dalian, a cyber city in China’s northeast province Liaoning where over a dozen of Indian firms such as Infosys, TCS, HCL and others are already present. Under the agreement signed on Tuesday evening, Indian companies will get “preferential” entry into the Chinese market. “Today, the lines between hardware and software are merging very fast.

Got assurance on resolution of tax notice issue: Nasscom
Posted on 12th December 2017
New Delhi: IT industry association Nasscom on Monday said it has got an assurance from the government that the service tax notices served to several IT companies has been "corrected" and the issue has been resolved.

However, it could not be confirmed from the tax department whether the government is withdrawing or amending the reported Rs 10,000 crore demand notices served to some 200 companies.


Indian IT firms spend more on education as part of CSR: Nasscom
Posted on 30th November 2017
BENGALURU: Indian IT firms are spending more on education as part of their Corporate Social Responsibility (CSR), said industry apex body Nasscom Foundation on Wednesday.

"Education remains the focus area of IT firms' CSR activities, with 76 per cent of multi-national companies reporting highest spend on it, followed by 18 per cent on gender equality and 12 per cent on hunger and poverty in fiscal 2016-17," said the Foundation at its CSR Leadership Conference here.


Nasscom Product Council opens a DeepTech Club
Posted on 30th October 2017
BENGALURU: Nasscom Product Council (NPC), the IT lobby’s platform for software product companies to showcase products and connect with peers, will focus on artificial intelligence (AI) and machine learning (ML) in the upcoming conclave to be held in Bengaluru. It also launched a DeepTech Club to nurture startups with mentors and investors.

“We are going to talk extensively on artificial intelligence and machine learning. Increasingly, machine learning and artificial intelligence are cropping up as solutions for handling data. While, the two are often used interchangeably, and though there are some parallels, they’re not the same thing,” said Somdutta Singh, co-chair, NPC.


Business process management industry in India to hit $50 bn mark by 2025: Nasscom
Posted on 13th October 2017
The Indian business process management industry is expected to nearly double its size to $50-55 billion by the end of 2025, IT industry body Nasscom has said. Revenues of the Indian BPM industry stood at $29.8 billion in FY17, as against $28 billion in the previous year, registering growth of 6.4%.

Nasscom said the BPM sector has created direct employment for about 1.2 million people, an increase of over 100,000 jobs when compared to the previous year. As per industry estimates in the last fiscal, the IT industry, including the BPM sector, had created about 170,000 jobs.


Privacy as fundamental right to boost digital adoption, says Nasscom
Posted on 24th August 2017
The Supreme Court’s declaring privacy as a fundamental right will enhance citizens’ trust in digital services and help in their wider adoption, IT industry body Nasscom said today. In a landmark decision, a nine-judge Constitution bench headed by Chief Justice J S Khehar has ruled that “right to privacy is an intrinsic part of Right to Life and Personal Liberty under Article 21 and entire Part III of the Constitution”. Nasscom President R Chandrashekhar said the ruling also “significantly boosts India’s attractiveness as a safe destination for global sourcing”. It will ensure that protection of citizen’s privacy is a “cardinal principle” in India’s growing digital economy, he said.

Tales of Indian IT's death exaggerated: Nitin Rakesh, Council Head, Nasscom IT services
Posted on 8th August 2017
BENGALURU: Indian IT companies are doing their best to weather the changes in the sector and are actively working at retraining their employees to ensure that they make the transition, head of Nasscom IT services council Nitin Rakesh said.

Several articles have been written predicting the end of the Indian IT sector but changes in the space are nothing new, Rakesh, also Mphasis CEO, said. “We have gone from mainframes to client server, to internet and now to digital offerings. We have made these changes before. As always there is a period of transition. And I can tell you, each company is capable of making this pivot though they may pick different parts to focus on,” Rakesh said.


Pink slips rain in Indian IT but Nasscom head denies jobless growth
Posted on 21st July 2017
With companies in the information technology (IT) realigning and reskilling their workforce to address a changing requirement, Nasscom, the apex association of companies here, has said it would look at bringing norms related to human resource (HR) issues, if needed.

Speaking to reporters on the sidelines of an HR meet organised by Nasscom here, R Chandrashekhar, president, said: "We would not want that anyone should lose their job at all. But, given the circumstances, some of these cases will come up. We believe that companies have to handle this issue with sensitivity, transparency and with agility."


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