“IBM is a legacy, Infosys is the future”

By : |July 31, 2006 0

MYSORE: Union Finance Minister P
, who was the chief guest at the Infosys
25 years celebrations here, said that the success of Infosys as a great
enterprise had made all Indians proud and has placed India among the frontline
nations of the of the world in software and technology.

Addressing over 7000 people, who were part of the company’s silver jubilee
celebrations held at the firms’s 330 acre campus at Mysore, he said, “I want
you to believe that there is nothing in this world which cannot be achieved by
unlocking the potential of young men and women, unleashing the spirit of
enterprise and saluting excellence, aspiration and achievement.”

“We missed the industrial revolution, because, we were a colony. We started
late, but we have caught up with the best in software industry, I am told, Nandan
tells rest of the world IBM
is a legacy, Infosys is a future”

He added that in the next five years, the software industry in India would
employ more people than any other company or group of companies of the world.

“In 10 years from now, we will be the largest employers in this industry.
What we have done here can be done in steel, can be done in petroleum, can be
done in mining, can be done in agriculture and food products, can be done in
education, can be done in aerospace industry. After all, each one of these
industries are build on knowledge; he who possess knowledge is the wealthiest

Referring to the impact of globalization, Chidambaram said, “Bring a German
foreman, a South African engineer, a French chef, bring the whole world to
India, just as Indians can find a place anywhere in the world, let the whole
world look upon India as a destination to which they should travel.”

Taking a dig at government establishments, he narrated some incidents where he
was denied foreign exchange though the Harvard Business School had granted him

“Finally, thanks to the kindness of a gentlemen, who carried with him the
title, Chief Controller of Foreign Exchange — I know it is difficult for you to
believe that there could have been someone called Chief Controller of Foreign
Exchange — he gave me a grand allowance of $7 a day to pay for my board, my
food, my personal expenses 10 months a year in the two years that I will spend
at Harvard, irrespective of the fact whether I had a place to stay or food to
eat for the remaining two months of the year.

That opened my eyes. Because there was something fundamentally wrong about the
way we organized our affairs in this country.”

Further, the finance minister said that the people of India know better than
their governments.

“I want you to have a healthy respect for law at the same time a healthy
suspicion of anyone who wields authority, I want you to believe that what is
best for India can be decided by the people of India and not by politicians,
political parties, trade unions or imposters.”

Congratulating Infosys on completing 25 years, Chidambaram said, “I am
confident that if you buy a share today, you will be eight times richer not in
seven years but perhaps in three years. What I will always remember about
Infosys is it raises ones aspiration, it creates wealth, it creates knowledge,
and today the greatest gift is what Murthy
and others have given you, the gift of sharing that knowledge, sharing that
wealth and sharing that aspiration.”

© CyberMedia News

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