$50 billion IT exports target achievable'

By siliconindia staff writer   |   Wednesday, 03 September 2003, 19:30 IST
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National Association of Software and Service Companies (Nasscom) president Kiran Karnik on Saturday said the export projections of $50 billion by the year 2008 was well achievable as last year the exports were worth $10 billion.

MANGALORE: Karnik noted that IT was one sector India had the winner and it would be prudent to create and nurture the talent to meet the requirements of the global industry. He also said the proposed legislations against business process outsourcing (BPO) by western countries would have nil effect on India as it pertained only to state outsourcing. “Usually BPOs are business models of companies and are handled by themselves. “The legislation may not even come through and may have been floated with an eye on the ensuing polls in the United States,” he added. Karnik, who was in Mangalore in connection with the inauguration of the Dewang Mehta Library and the MCA graduation day at St Aloysius Institute of Computer Science (AICS), observed that Mangalore should position itself as the next IT destination in the state. Bangalore was reaching a saturation point and it was necessary that other places, especially Mangalore, should be promoted as the next IT destination, he said. He regretted that state's role was found wanting in such matters, but added that this could be overcome by effective lobbying. Parthasarathi from STPI, Bangalore, asserted that the Mangalore STPI was rated the best among the 48 in the country and they had 18 companies exporting software to the tune of Rs 500 crore. He rebutted the claims that government was not projecting Mangalore saying that it was preferred by the global industry. Fr Denzil Lobo, director, AICS, said the Dewang Mehta library was possible due to the contribution of Rs 50 lakhs from a donor, who preferred to remain anonymous. (Courtesy: Economic Times)