Nasscom to spur IT & electronics investments

On Saturday, some formidable captains of the Information Technology (IT) sector will be in Odisha for the start of the National Association of Software & Services Companies (Nasscom) conclave of chief executives, a three-day affair.

It is Odisha’s first attempt to host such a conference — in fact, the first occasion when this is being held outside of a metropolitan city.

Nasscom has cut its growth forecast for the sector, to eight to 10 per cent this year, on a lower revenue expectation from top vendors such as Tata Consultancy Services (TCS) and Cognizant. This could be a pointer to the growing relevance of tier-III locations. The potential exists for smaller cities like this one to drive the next phase of growth for IT companies.

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Nasscom president R Chandrashekhar credits Bhubaneswar’s choice to its growing appeal in IT and backing from the state.

The event is expected to see Rishad Premji, chief strategy officer and member of the board at Wipro; C P Gurnani, managing director and chief executive officer of Tech Mahindra; Pravin Rao, chief operating officer and member of the board at Infosys; Debjani Ghosh, managing director (South Asia) at Intel Corporation; Dinesh Malkani, president (India & Saarc), Cisco; Neelam Dhawan, managing director, HP India and Rajendra S Pawar, chairman and co-founder of NIIT.

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By Baishakhi Dutta

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