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

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

fiscal.

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.