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India software exports.

Software exports from India will attain $50-billion target by 2008 as situation is conducive, even though the industry requires to post a 33 per cent growth in the coming years, Nasscom has said.

Comment: "The Indian software industry posted a 26 per cent growth during the last financial year, even though IT spending remained flat," Nasscom president Kiran Karnik said adding that the industrys' base had posted a 50-60 per cent growth during the previous fiscal year. The drivers of growth during the previous fiscal were Business Process Outsourcing (BPO) and software exports, and the industry expects to replicate this in the coming years. The industry needed to grow by around 33 per cent to achieve the $50-billion target and a little help from authorities, adding that Nasscom was "confident and optimistic' on its growth. Tata Consultancy Services (TCS), with annual revenues of Rs 4,545 crore, is the largest software exporter in India, followed by Infosys Technologies and Wipro Technologies, according to Nasscom (National Association for Soft-ware and Services Companies). .html#07192

The Hyderabad Software Exporters Association (Hysea) has evolved a Code of Conduct for what is seen as anti-poaching measures within the business circle covering even the head-hunters. html#07112
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Title Annotation:IT News
Publication:Database and Network Journal
Date:Aug 1, 2003
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