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Nasscom says innovation can add $20B to IT exports
By agencies
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Tuesday, 03 January 2006, 20:30 IST
HYDERABAD: Indian IT body Nasscom today said India could potentially accelerate the overall IT exports by almost $15-20 billion by 2010, if it focuses on multi-dimensional innovation.
National Association of Service and Software Companies vice president Sunil Mehta, said innovation should cut across business models, knowledge and research areas, intellectual property creation and scaling up the value chain within the existing services streams both in software as also business process outsourcing (BPO).
Mehta said "look at a scenario where cost is the only competitive advantage. Lately, it is felt that a mere cost arbitrage will not help. For instance, if an outsourcer is taking advantage of Indian companies and saving about 50 percent, it expects this to come down by at least 10 per cent next year," Mehta said.
"Take the case of a pharma company with a turnover of $10 billion. If an Indian company can help them save up to $200 million to $300 million in terms of their R&D spend, it would be a compelling proposition. This could be in areas such as clinical trails, data management and analysis. This involves cross-functional disciplines and opens up new segments. We expect such deals to grow," he said.