Did Indian techies' expectations see the limelight?

By Juby Thomas, SiliconIndia   |    8 Comments
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Did Indian techies' expectations see the limelight?
Bangalore: Sachin Pilot, Union Minister for IT and communication earlier said that the Indian government will be discussing a multitude of issues like visa fee hike and outsourcing with Obama during his visit to India and given a spark of hope for the industry. It's almost time for Obama to say good bye but a question remained unanswered did the expectations of Indian IT industry see the limelight? Suresh Vaswani, Joint CEO, IT Business and Member of the Board, Wipro earlier opined "From an industry stand-point I feel this will provide an easier trade and global collaboration in the technology space, and boost free trade and globalization across products and services." It is true that Obama has sealed 20 deals worth $10 billion, which has the potential to create around 50,000 jobs back in U.S. Were all these tie ups bilateral or U.S. oriented is a matter of question. Earlier Infosys Chairman Narayana Murthy had said that the country should treat Obama as a guest with respect, without any expectations. Even Rajgopal S Kishore, Vice President and Global Head of Business Intelligence, HCL Technologies also had said that President Obama has taken the perspective of creating and strengthening policies to keep jobs at home. And finally these expectations have come true. In a specific question on the purpose of his visit, Obama said part of the reason why he advertised creation of 50,000 jobs from deals signed in Mumbai during his visit, was to tell people in America why he spent so much time in India. In the latest phase of globalization, some economists say, Silicon Valley is in danger of losing a sizable piece of its knowledge-based industry to India in much the same way Detroit lost its lead to Japan in the automotive industry. The Indian IT industry has been the impetus in India's economic boom and that has changed the buying behavior. Even the industry experts have said that emerging markets such as India and China are expected to generate a greater share of growth and this might be the reason for Obama to avoid talking about the IT issues.

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