Nasscom pegs revenues of Indian software industry at $60 bnFebruary 3rd, 2009 NEW DELHI - The Indian software and services industry is expected to grow 16 percent this fiscal and log revenues of $60 billion despite the global slowdown, a top lobby for the industry said Wednesday. The National Association of Software and Service Companies (Nasscom) said in its report that together with the business process outsourcing (BPO) sector, the revenues are expected to top $71.7 billion with a growth of 17 percent.
Indian IT exports projected to grow in single digitMay 6th, 2009 BANGALORE - The Indian IT industry is set to witness a single-digit growth in software and services exports in 2009-10 because of global recession and lower technology spending in the US and Europe, a top industry body official said Wednesday. 'Software exports of Indian IT industry are projected to grow in single digit this fiscal due to economic slowdown and lower tech budgets in major markets like the US and Europe.
Revenues of Indian software industry to top $60 billion: NasscomFebruary 3rd, 2009 NEW DELHI - The Indian software and services industry is expected to grow 16 percent this fiscal and log revenues of $60 billion despite the global slowdown, a top lobby for the industry said Wednesday. The National Association of Software and Service Companies (Nasscom) said together with the business process outsourcing (BPO) sector, the revenues are expected to top $71.7 billion with a growth of 17 percent.
Chandigarh region's software exports grow 31 percentJune 11th, 2009 CHANDIGARH - Software exports from Chandigarh and its adjoining towns of Panchkula and Mohali grew 31 percent to cross Rs.1,050 crore in 2008-09, compared to Rs.800 crore the year before. Growth results released by officials here said that software exports in the union territory, particularly from the Rajiv Gandhi Chandigarh Technology Park here, rose from Rs.504 crore in 2007-08 to Rs.750 crore last year.
Karnataka logs $17-bn software exports despite meltdownSeptember 1st, 2009 BANGALORE - Defying the global meltdown, Karnataka earned $17 billion (Rs.74,929 crore) from software exports last fiscal (2008-09) as against Rs.60,800 crore the previous year, registering a 23 percent growth in rupee terms and 21.5 percent in dollar terms. "The export performance of the IT industry in the state, especially Bangalore, demonstrates the knowledge sector remains unaffected by the global meltdown and decline in IT spending overseas," state Information Minister Katta Subbramanya Naidu told reporters here.
Software exports from Kerala grows 43 percentMarch 27th, 2009 THIRUVANANTHAPURAM - While India's overall software exports have slowed down on account of the global slowdown, those from Kerala grew 43.41 percent till February-end, fetching a revenue of Rs.2,300 crore. 'While the STPI (Software Technology Parks India) figures for the country show a growth of 17.62 percent till February-end this fiscal, software exports from Kerala have grown at 43.41 percent,' said an IT department official who did not wish to be identified.
Nasscom signs deal with Colombian IT groupFebruary 10th, 2009 MUMBAI - The National Association of Software and Services Companies (Nasscom) Wednesday signed an agreement with Colombia's Federation of Software and Related Technologies (Fedesoft) to enhance software trade between the two countries. The memorandum of understanding (MoU) was signed at the India Leadership Summit, organised by Nasscom here, by its president Som Mittal and his Fedesoft counterpart Alberto Pradilla Bermudez.
Orissa's software exports grew by 39 percent in 2008-09July 9th, 2009 BHUBANESWAR - Despite the global economic slowdown, software exports from Orissa grew by 39.05 percent in 2008-09 over the year before, officials said Thursday. The total IT exports of the state stood at Rs.1,168 crore last fiscal as against Rs.840 crore the year before, said Manas Panda, officer in charge of the Bhubaneswar unit of the Software Technology Park of India (STPI).
India's IT, outsourcing revenues seen at $63 bn this fiscalJuly 29th, 2009 NEW DELHI - India's information technology and outsourcing industry is expected to grow over 7 percent this fiscal to log revenues of $64 billion with much faster expansion within the domestic market, a leading industry group said Wednesday. The National Association of Software and Service Companies (Nasscom) has forecast in its latest study that the software and outsourcing industry will log an export growth of 4-7 percent this fiscal to log $48-50 billion in revenues.
Satyam fraud holds up IT sector's revised growth forecastJanuary 14th, 2009 BANGALORE - The Rs.70 billion (Rs.7,000-crore/$1.43 billion) accounting fraud at Satyam Computer Services has forced the software sector's umbrella body Nasscom to defer its revised forecast on the IT industry's growth this fiscal (2008-09), a top industry representative said Thursday. 'Now that the numbers of Satyam are still in dispute, it will be unfair to come out with a revised forecast,' Nasscom chairman Ganesh Natarajan told IANS here.
Nasscom to form corporate governance and ethics committeeFebruary 10th, 2009 NEW DELHI - IT industry body National Association of Software and Services Companies (Nasscom) Wednesday said it will form a corporate governance and ethics committee, headed by Infosys Technologies chairman N.R. Narayana Murthy.
Apex IT body shocked by Satyam chief's confessionJanuary 6th, 2009 BANGALORE - Nasscom, the apex body of the IT-BPO industry in India, expressed its shock Wednesday at the confession made by Satyam Computers' erstwhile chief B. Ramalinga Raju, who admitted to a Rs.40 billion fraud before quitting his post.
Nasscom seeks expedited spending of funds on IT projectsFebruary 15th, 2009 BANGALORE - The National Association of Software and Services Companies (Nasscom) Monday urged the government to expedite spending of allocated funds on IT projects to stimulate the domestic market. 'To drive economic activity, the government needs to expedite spending of allocated funds for IT projects to stimulate the domestic market,' the Nasscom said in a statement.
Satyam fraud makes Nasscom tell IT firms 'be transparent'January 15th, 2009 BANGALORE - The massive financial fraud by IT bellwether Satyam Computer Services has goaded the software industry's representative body into issuing a wake-up call to its members across India and abroad. In a directive to its 1,200-odd members, the executive council of National Association of Software and Services Companies (Nasscom) asked them, especially those listed and accountable to investors, to be transparent and disclose much more than they have.
Indian IT industry to help in US economic recoveryApril 11th, 2009 WASHINGTON - India's information technology industry should start hiring in the US to help in its economic recovery as the US is always going to be its biggest market, the industry association's head has suggested. The restrictions on H1B visas in the US 'absolutely is a concern,' Pramod Bhasin, president and chief executive of outsourcing firm Genpact and the new chairman of the National Association of Software and Services Companies (Nasscom), said in an interview with Forbes Asia.
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