11th April 1997
The National Association of Software and Service Companies (Nasscom) has evolved a three pronged strategy to transform India into the “software capital of the world”. Assuming charge as Nasscom president for 1997-98, Mr. K.V. Ramani, the managing director of Chennai-based Future Software Pvt. Ltd., said that in the next two years Nasscom would focus on infrastructure, manpower and marketing of Indian software overseas to achieve the objective. The Indian software industry, he added, was expected to generate $3.6 billion through software exports and $2.5 billion in the domestic market by 2001-2002 AD. The software sector had been quite proactive and was the perfect showcase of a successful industry following liberalisation, he said.
He said that the turnover of the industry in India has touched an all-time high of Rs.3,900 crore ($1.15 billion) for 1996-97 as per the provisional performance figures available, while the revenue from the domestic market accounted for over 60 per cent, or Rs.21,500 crore ($700 million), of the total turnover.
Besides holding market development seminars in Japan and Europe under the Association and Niesa banners, Nasscom plans to explore new opportunities in business.