GUMMIDIPOONDI: The Nayudamma Award for 2008 was conferred on Tata Consultancy Services CEO and Managing Director S. Ramadorai on Friday for his outstanding contribution to information technology.
Jointly instituted by R.M.K. Engineering College (RMKEC) and Nayudamma Centre for Development Alternatives, the award consists of plaque, citation and certificate.
RMKEC founder-chairman R.S. Munirathnam presented the award, while vice-chairman R.M. Kishore and Secretary Yalamanchi Pradeep felicitated Mr. Ramadorai.
Talking to newsmen, Mr. Ramadorai said that students need not be worried about the current global financial meltdown as it was cyclical, but should find ways to improve India’s economy. Even in a recessionary condition India was likely to post 7 per cent growth as compared to others and this itself could give enough confidence to students.
“The recession is cyclical and students should not lose their focus. They should have a long-term view of things to come. There is a plenty of opportunities and they should learn fearlessly,” he said.
As TCS growth was hit by financial meltdown, Mr. Ramadorai said that the current focus was on cost optimisation, efficiency, learning for employees and R&D for the future.
TCS had also brought down its dependence on the US market from 65 per cent to 50 per cent and was planning to spread its wings to other areas such as India, Asia Pacific and Latin America.
Delivering the Prof. Y. Nayudamma’s 13th Memorial Lecture on ‘Technology for social transformation,’ he called upon businessmen, entrepreneurs and NGOs to take the benefits of high-end technology to rural India through private-public partnerships.
Mr. Ramadorai said that they were exploring ways of reviving the fortunes of Kashmiri carpet traders through IT interventions.
“We can create an online model that connects the traders with customers directly, not just in India, but globally.”