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Nasscom sees lower growth for back-office firms: Report
June 10, 2008
Source: IANS
MUMBAI: Domestic back-office sector is seen slowing down in 2008/09, a newspaper reported on Tuesday, citing an industry body.
"We (Indian IT-BPO companies) are part of the global economy and will be impacted by the US slowdown," said National Association Software & Service Companies (Nasscom) President Som Mittal was quoted as saying at an industry summit on Monday.
Nasscom estimates Indian IT-BPO revenues to grow 23-24 percent in FY09, the paper said. It grew 29 per cent last year in rupee terms to $64 billion, it added.
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IT, BPO industry growth to be slower by 3-4 pc
 June
10 ,2008
Source: PTI
BANGALORE: The growth of IT and BPO industry is expected to take a hit by 3-4 per cent in the current fiscal owing to the slowdown in the US economy, weak US dollar and spurt in the crude oil prices, NASSCOM President Som Mittal said on Monday.
"The fundamentals of the IT industry remains strong. However, various factors like slowdown in the US economy, weak US dollar and spurt in the crude oil prices will adversely affect the IT and BPO industry," Mittal told reporters on the sidelines of the NASSCOM BPO Strategy Summit here.
It is hard to make a forecast but the growth is expected to be 3-4 cent less than last year, when it grew by 29 per cent, he said.
"During the next three to four years, we are looking at a sustained growth in the 20s but due to various reasons, forecasting an exact figure will be hard. This slowdown will help us see the opportunities to improve efficiency and margins. In July, we will come out with firm numbers on the growth of the industry", Mittal said. |
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Bangalore classified as leader position by Nasscom-AT Kearney
June 10, 2008
SOURCE: PTI
BANGALORE: Among the 50 leading cities on the IT-BPO road growth, Bangalore has been classified as a 'leader position', Mangalore as a 'challenger location' and Hubli-Dharwad as 'apirant locations' as per a Nasscom-AT Kearney Study released on Monday.
Presenting the findings at the Nasscom's BPO Strategy Summit 2008, Som Mittal, NASSCOM President, said that the findings are indicative of the potential that the industry sees in this region---beyond Bangalore and of the investments that companies can make here.
"Given the recently constituted government (in Karnataka), we are hopeful that a favourable policy environment will emerge and help the IT sector develop further", he said.
He said though Bangalore will continue to grow and deliver, what can make investment in tier two and three cities attractive was the cost of operations which were less than 15 to 20 per cent, in terms of real estate value and wages. He said cities like Mysore, Hubli, Dharwad needed support on these fronts to grow and develop into leading IT hubs.
He said Nasscom is adopting a three pronged approach to develop the industry. The short term was in terms of providing finishing schools, mid-term included developing faculties and long term was building capacity. He said that rebuilding education system and the PPP model to develop institutes like the IIIT-B were those that would help in aiding the industry.
The BPO industry, he said, had moved from the realm of just being cost-efficient in India and was being perceived as being service-efficient and high on delivery and productivity.
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