Nasscom Chair sees big business in SMEs | SupportBiz


Nasscom Chair sees big business in SMEs

The new Nasscom Chairman, MindTree MD and CEO, K Natarajan said that technology needs in India, driven by SMEs (small and medium enterprises), presents huge opportunities for the IT sector.

"There is a huge opportunity that can be leveraged to meet the domestic technology requirement. Small and medium enterprises will play an important role. We need to find out how SMEs can be catalysed to use technology and many of Nasscom members are already doing that," Natarajan said.

However, the Nasscom chief expressed confidence of achieving 12-14 per cent growth in exports as well. "Nasscom is focusing on new areas like products, Internet and mobility; all of which represent big growth opportunity for the industry."

The global economic uncertainty had led to reduction in budgets for outsourcing services by western clients, which has in turn sparked fears about the performance of Indian players, who get almost 80 per cent of their revenues from the US and European markets. Natarajan acknowledged the issue and informed that, Nasscom has undertaken various programmes to address the crisis.

Natarajan said there are numerous opportunities available on new geographies and segments like public sector and healthcare, which need to be highlighted to achieve ‘incremental growth.’

The Executive Council of Nasscom will work on helping members strengthen innovation capacity and research capabilities, strengthening long-term entrepreneurial environment. The body will also work on enhancing skilled talent pool in the country and focus on specialisation.