NASSCOM BPO Summit 2011 held at Gurgaon

NASSCOM BPO Summit 2011 (August 22 - 24, 2011) organised at Gurgaon this year was well attended and  around 800 representatives mostly from major national and international companies  including Mckinsey & Co., KPMG, CRISIL, PwC, Genpact, Fedex,  TCS, Infosys, iGate, IBM, WNS, Wipro, HCL, EXL, Cognizant, NIIT Accenture, Hinduja Global Solutions,Facebook, etc., participated in the event.  Mr Mervin Alexander, CEO and Mr M Vasudevan, Senior Manager (BD) represented Technopark.  Mr Benny Mathew from RM ESI also attended the Summit.

Software industry body Nasscom said it is confident about its projection that the IT industry in India will continue to be on the growth trajectory of 16-18 percent during 2011-12 fiscal even as the industry maintains a cautious outlook due to the economic uncertainty in US and Europe. "There is no reason for us to be worried. We have spoken to customers and they are looking at expanding into geographies and bringing newer solutions to the market,

While the IT industry was cautious on the developments, the Nasscom was encouraging and helping Indian IT industry to find newer markets for their products and no to remain over-dependant on the U.S. and the European markets. Notably, the U.S. and European nations account for over 85 per cent of the revenues of the over $70 billion Indian IT sector.Earlier this year, Nasscom had presented a conservative outlook of 16-18 per cent growth in IT exports in 2011-12 in the wake of the slow economic recovery in the U.S. and uncertainty in the European region. The growth in software and services export is expected to be 16-18 per cent and the sector is slated to bring in revenues of $68-70 billion. The growth in the domestic market is estimated to be 15-17 per cent, with revenues of about $19-20 billion.