Nasscom focuses on growth of the domestic IT market

DQW Bureau
New Update


Nasscom has sharp­ened its focus on the Indian IT market

through its 'Domestic IT Market Com­mittee'. 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 pene­tration in

growing verticals like retail, healthcare and manufacturing. Equally im­por­­­tant

to the growth of the domestic IT market is the increase in IT adoption by the

SMB (small and medium business sector) and house­hold consumer segment.

Commenting on the work of the domestic IT Market Committee,

Kiran Karnik, President, Nasscom, said, “With this commi­ttee, we will ensure

that the required impetus is provided to the sector, in terms of favorable

policy environ­ment, increa­sed focus on emerging companies, and focus on high

maturity IT user segments, to name a few areas.”

The Nassscom domestic IT market commi­ttee includes a

representation from the IT industry (Micro­soft, Oracle, TCS, Wipro, HCL,

Tally, NISG and IBM), corporate sector (Bharti Televentures, ICICI Bank, Hitech

Gears, Reliance Infocomm, Shoppers Stop, Tata Steel, SBI and Jump­startup) 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 impor­tance that Nasscom attaches to the domestic market.

DQW News Bureau New Delhi, April 4