Indian IT companies do not fear job cuts: Minister

Indian IT companies do not fear job cuts: Minister

By SiliconIndia   |   Wednesday, 19 March 2008, 14:00 Hrs
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New Delhi: India's IT sector is not fearing any job losses due to the global economic slowdown, said Shakeel Ahmad, Minister of State for Communications and Information Technology, in a written reply to a query in Lok Sabha.

It is estimated that the industry would add 3,75,000 professionals to its workforce in 2007-08, Ahmad said quoting data provided by IT industry body Nasscom. As per the data, the total revenue of the IT industry in 2007-08 is expected to reach 52 billion dollars.

Ahmad also said the total employment in the Indian IT-BOP sector is estimated to reach a total of 2.5 to 2.7 million by 2009-10.

The Minister revealed that the Government has noticed very low penetration of personal computer in the rural areas due to the cost of the PC, access charge, non-availability of suitable content in the local language and others.

Government, along with facilitating the IT industry to make available computers at affordable prices in the country, is in the process of establishing 1,00,000 broadband Internet-enabled kiosks of Common Service Centers in rural areas of the country, the Minister said.

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