Nasscom has sharpÂened its focus on the Indian IT market
through its 'Domestic IT Market ComÂmittee'. The areas of work for this
committee will include identifying policies and actions to accelerate the growth
of the IT market in India.
The recent Nasscom-IDC study on 'Domestic Services (IT-ITES)
Market Opportunity' has emphasized the huge potential, which exists in the
domestic IT market. While the IT Industry has been showing a strong growth, the
growth has been predicated on the larger corporate and a few verticals eg BFSI,
telecom and some sectors of manufacturing. To accelerate the growth of the
domestic IT market, it is important that there is increased IT peneÂtration in
growing verticals like retail, healthcare and manufacturing. Equally imÂporÂÂÂtant
to the growth of the domestic IT market is the increase in IT adoption by the
SMB (small and medium business sector) and houseÂhold consumer segment.
Commenting on the work of the domestic IT Market Committee,
Kiran Karnik, President, Nasscom, said, “With this commiÂttee, we will ensure
that the required impetus is provided to the sector, in terms of favorable
policy environÂment, increaÂsed focus on emerging companies, and focus on high
maturity IT user segments, to name a few areas.”
The Nassscom domestic IT market commiÂttee includes a
representation from the IT industry (MicroÂsoft, Oracle, TCS, Wipro, HCL,
Tally, NISG and IBM), corporate sector (Bharti Televentures, ICICI Bank, Hitech
Gears, Reliance Infocomm, Shoppers Stop, Tata Steel, SBI and JumpÂstartup) and
academia and research institutes (IIT Chennai and IIT Mumbai). The committee is
chaired by S Ramadorai, CEO, TCS and Chairman Nasscom, and this is indicative of
the imporÂtance that Nasscom attaches to the domestic market.
DQW News Bureau New Delhi, April 4