Nasscom projects Rs 6,300 cr-revenue for IT enabled services

By : |May 31, 2001 0

CHENNAI: Nasscom has projected a 54 per cent growth rate for the IT-enabled
services sector for the next fiscal, to take up the revenue to Rs 6,300 crore.
The sector had garnered revenue of Rs 4,100 crore at a record growth rate of 70
per cent. This was out of the Rs 28,500 crore-total software export in the last

Business process outsourcing and back-office operations along with customer
interaction services will account for more than 50 per cent of the revenue for
next year, according to Nasscom’s recently conducted survey.

Digital content and Web site services are expected to contribute about 25
percent to the revenue while engineering and design, geographical information
system, transcription and translation localization services and others would
contribute to the rest, it said.

"The target of Rs 81,000 crore for the IT-enabled services sector by
2008 doesn’t seem unattainable. It has been growing at a rate of more than 35
per cent that is needed to reach the target for the last three years. So we are
well on target," said Nasscom chairman Phiroz Vandrevala.

"The US slowdown has certainly affected the growth rate of the Indian IT
industry. But it has mainly affected firms that are not organized. Companies
that are members of Nasscom operate at a strategic level, building on
relationships they have forged with companies. The January, February, March
quarter was the best quarter for the industry. If the April, May and June
quarter fares similar to JFM or even slightly better, it will ensure 30-35
percent growth of the industry, and will be well on target to grow by 40 percent
this year," he added.

Nasscom is organizing the third national conference on IT enabled services in
Chennai on May 30 and May 31. Around 600-700 people are expected to take part in
the conference, which would have 30 Indian and international experts addressing
various issues in the industry.

The theme of the conference is ‘Generating one million jobs by 2008’. It aims
to come up with a roadmap for making India a sustainable destination for IT
enabled services.

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