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US visa tightening signals aggressive monitoring, says Nasscom
Posted on 19th April 2017
US President Donald Trump’s move to tighten the visa regime indicates a more “aggressive” monitoring and enforcement of the H1B programme by America, industry body Nasscom said on Tuesday.

Trump is scheduled to travel to Milwaukee, Wisconsin, the home state of House of Representatives Speaker Paul Ryan, to sign the “Buy American, Hire American” executive order.

H-1B visa: Nasscom spent record Rs 2.8 cr to lobby US govt in 2016
Posted on 10th April 2017
National Association of Software and Services Companies (Nasscom), India's IT services trade group, spent $440,000, or about Rs 2.8 crore, in 2016 to lobby with the US Congress, making it the highest spending in the decade and a half period during which the body began pushing its case for a more liberalised visa regime for Indian software workers.

Till 2003, Indian IT services firms had little restrictions with regard to using the visa regime to send engineers to work on projects to help US firms cut costs and improve efficiency as they transitioned to a digital economy.

Nasscom projects tentative growth at 8-10% for FY18
Posted on 3rd March 2017
IT industry body National Association of Software and Services Companies (Nasscom) is expecting a tentative growth rate of 8-10% for the financial year 2017-18. Further guidance for the industry is expected in the month of May post the fourth quarter results. Incidentally, Nasscom had deferred in providing a guidance for the next financial year due to uncertainties and slowdown in discretionary spending. The industry body has not made any forecast for fiscal 2018, citing political uncertainties in the US and Europe, which has slowed down decision-making in tech spending.

H1B visa rules: Nasscom to seek US firms' help to lobby for easier regime
Posted on 23rd January 2016
India's software sector body, Nasscom, will try to persuade entities such as Google, Facebook and IBM to lobby with the Donald Trump administration to look at a more liberal visa regime.

They will argue that outsourcing to India helps American companies to be competitive and generate more jobs. India has a little over 1,000 global firms, a majority of these are US companies. These companies began building applications, products and services out of India, initially to cut costs. But, now increasingly for value by using local talents, even as they struggle to find engineers back home.

Make in Odisha, Nasscom conclaves to spur IT, electronics investments
Posted on 25th November 2016
On Saturday, some formidable captains of the information technology (IT) sector will be here for the start of the National Association of Software & Services Companies (Nasscom) conclave of chief executives, a three-day affair.

It is Odisha's first attempt to host such a conference -- in fact, the first occasion when this is being held outside of a metropolitan city.

Nasscom Foundation says most firms spend 70% CSR fund on education
Posted on 24th November 2016
Nasscom Foundation on Thursday in its yet-to-be-released report, has said that a substantial number of companies have spent more than 60-70% of their corporate social responsibility (CSR) spend in education initiatives and the remaining half spend between 30-40% of their budget in education.

"Education forms the major chunk of CSR spend: A substantial number of companies interviewed have spent more than 60-70% of their CSR spend in education initiatives and the remaining half spend between 30-40% of their budget in education," the report, to be released shortly at a different event, said here.

Troubled times: Nasscom revises IT growth forecast downwards to 8-10%
Posted on 16th November 2016
Nasscom (National Association of Software and Services Companies), the country's software lobby, has revised its growth forecast downwards to 8-10% this year after its biggest members such as Tata Consultancy Services, Wipro, Cognizant and Infosys struggle to grow faster due to an uncertain environment.

In April, Nasscom projected the $108-billion export-focused software and back offices industry to grow 10-12% this year.

Nasscom concerned over GST implementation
Posted on 4th November 2016
Software lobby group National Association of Software and Services Companies (Nasscom) said it was yet to get clarity on the rates for IT products but cautioned that the bigger challenge for the sector would be the implementation of the goods and services tax.

“The industry is looking at a rate of 12-16 per cent. So, it entirely depends on how it gets. But, the bigger concern is how the GST is applied,” said R Chandrashekhar, president of Nasscom.

Nasscom set to cut growth forecast
Posted on 27th October 2016
Nasscom, the country’s software lobby, will revise its growth forecast downward from 10-12 per cent this year. This is after its biggest members such as Tata Consultancy Services, Wipro, Cognizant and Infosys have struggled to grow faster in a more uncertain global environment.

These companies are seeing clients shift to faster adoption of automation, cloud and digital technologies, while cutting on traditional information technology (IT) services. Both Infosys and Cognizant have cut their annual revenue forecast, for these reasons. Nasscom says this is a good indication of where the sector is headed.

Indian BPM growing 8-9% yearly: Nasscom
Posted on 16th September 2016
The total addressable market for the Indian business process management (BPM) sector is expected to be $54 billion by 2025, growing at eight to nine per cent yearly, says Nasscom, the apex body of the information technology and BPM sector.

Over the next five to seven years, global BPM spending is expected to grow six to seven per cent annually and reach $233 bn by 2020, it said.

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