H-1B visa cut to benefit India

By : |October 8, 2003 0

NEW DELHI: India should not feel panicky at the reduction of H-1 visas, as it would result in more American companies coming to India and investing, thereby benefiting the Indian industry immensely. This was stated by All India Congress Committee economic affairs department secretary, Jairam Ramesh while delivering the inaugural address at The Business Intelligence Conference 2003, organized by the Confederation of Indian Industry (CII).

Ramesh said that Indian industry needed to look inwards and within the next five years, the services industry like banking, insurance and other related sectors would lead the IT revolution in India and eventually force other sectors to become IT compliant. The railway reservation system is a great example of Indian IT competence, he said and felt that Indian industry needed to exemplify more such competencies in order to become more self-reliant.

He said that the full value of Business Intelligence (BI) was yet to be realized in India and there is a need to redesign the entire information flow. He added that along with the redesigning of information flow, there was also a need for decentralization of hierarchy. Empowerment of managers at all levels was absolutely mandatory, he said. Otherwise, it will be used to reinforce the existing patterns of power flow, he added.

He lamented the fact that the IT sector in India was still being looked at as a separate business entity and there was a need to integrate normal corporate business activity as also to incorporate IT with the mainstream business activity. He also called for wide-spread IT literacy in India and urged the industry not to consider IT as a niche segment. He said that the domestic IT user interface was negligible and backward linkages with the Indian industry were absent. He however said that with increased competition, Indian companies should brace up to face the challenges and there was a need for external benchmarking.

Earlier, Microsoft Corporation India Pvt Ltd marketing head Sanjiv Mathur, in his introductory remarks, said that BI helps serve two main purposes – it monitors the financial and operational health of an organization and regulates the operation of an organization. He added that the information feedback enables BI across the enterprise.

Frost & Sullivan South Asia director Aditya Sapru said that the use of BI helps the organization to identify their top selling products, their most loyal customers, businesses that are performing the best and which need improvement, the efficacy of promotional campaigns and how exactly it is reflected in sales. He however said that there are multiple challenges which are low IT maturity, lack of product understanding, lack of historical customer track records, integration bottlenecks and ambiguity related to return on investments.

He also said that, the BI market in India is still at a nascent stage. However, he felt that the market is likely to grow during the next couple of years.


No Comments so fars

Jump into a conversation

No Comments Yet!

You can be the one to start a conversation.