$60 billion in exports by 2010: reports Nasscom

By SiliconIndia   |   Thursday, 28 December 2006, 06:00 Hrs
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New Delhi: NASSCOM's year-ending report says that 2006 witnessed an unprecedented rise in MNC investments. This was positive news despite rising concerns on gaps in talent and infrastructure impacting the country's competitiveness in emerging as a leading destination for IT and BPO services.

Industry performance remained ever growing with leading firms having reported growth above expected rates in the first half of the fiscal year. Most of the firms continued with their steady expansion into newer service lines and increased geographic penetration.

NASSSCOM is of the view that there was a shift in global perspective from being protectionist to a more rational outlook, due to the economic compulsions. This evoked a mixed response on offshore outsourcing front. The changing perspective took into account the value addition to the company through outsourcing, as well as the possible risks incurred in the process.

Further, to retain the country's competitiveness, there had been proactive efforts by industry players and concerned government bodies. As a result, while alternate destinations were being explored to add multi-country delivery capability, India remains an integral part of any major global sourcing strategy, mentions Nasscom. According to market indicators, there was scope for renewal of IT-BPO mega deals.

The software body also indicated that the industry would find it easy to achieve the target of $60 billion in exports by 2010. Exports are expected to demonstrate growth rates between 28 and 30 per cent in 2006-07.

Giving the report an optimistic flavor, Nasscom added, the size and scope of this opportunity, and the strategic advantages in realizing its potential — are significantly larger.

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