Market development activity, particularly in Japan, figure prominently on the agenda of the National Association of Software and Services Companies (Nasscom) in 2016-17.
“We are looking at newer markets... Japan is important as it is the second largest IT market in which India’s share is a mere 2 per cent,” Nasscom president R. Chandrasekhar said here on Wednesday.
Nordic countries, Germany and Africa, are other geographies where MDA is to be undertaken, he said addressing presspersons with the new Nasscom leadership.
MD and CEO of Tech Mahindra, C.P. Gurnani, is the new chairman and took charge from B.V.R. Mohan Reddy of Cyient. CMD of Quatrro Global Services, Raman, is the new vice-chairman.
This action plan of Nasscom assumes significance in the face of growing challenges for Indian IT companies in the US, which at present accounts for 60 per cent of India’s IT exports. The UK is the next largest market contributing a little under 20 per cent.
Both Mr. Chandrasekhar and Mr. Gurnani, however, did not attach much importance to the resistance sought to be built against Indian IT companies preferring to send employees from the country rather than recruiting in large numbers locally in the US.
The trade body’s President sought to dismiss it as poll rhetoric and said trade issues should not be confused with immigration issues, while the new chairman declared that no country can work in isolation in this hyper-connected world.
Nasscom, the leaders said, is also in the process of setting up more ‘warehouses’ in digital hubs at various locations across India. The list includes Chennai, Visakhapatnam and Gurgaon.
C.P. Gurnani and Raman Roy, association’s new chairman and vice-chairman
