Search the Internet          Tips  Sites: Finance, Investment

Nasscom to present 10-point action plan before government in June

BS ICE Bureau

Nasscom, Thursday presented a ten-point call for action for the government and industry to help India emerge as a sustainable hub for IT-enabled services.

The action plan has been drafted by a panel of leading international and Indian experts and is based on the discussions and debates that took place over the two-day IT-enabled services 2001 conference organised by Nasscom in Madras. The conference concluded Thursday.

Nasscom will present the action plan to the IT and telecom ministries next month in New Delhi. One of the major points made by Nasscom related to the setting up of a $100 million venture capital fund for the IT-enabled services.

It also underlined the need of institution of single window clearance for the industry. The association also wanted support from the local authorities and state governments to ensure ease of operations and start-up assistance for the IT-enabled services units.

The ten point action plan also called for flexibility to call centres to merge domestic and international business in the same facility and also an immediate dialogue between government and industry to clearly define the parameters for each segment of the IT-enabled services sector.

This will remove ambiguity with regard to income tax exemption applicable to ITES units.

IT-enabled services 2001 conference received record participation from the industry and over 800 delegates registered for the event.

Another noteworthy feature of this year's event, was the fact that over 45 per cent of the participating delegates had come to Madras from the northern, western and eastern parts of the country.

Commenting on the potential for the IT-enabled services industry, Arun Seth, chairman program committee, IT-enabled services sector, said, "Even though the IT-enabled sector has recorded its highest ever growth of 70 per cent, Nasscom projections indicate that it has the potential to emerge as the much required catalyst driving the growth of the Indian IT industry.

The Indian IT-enabled services sector has already caught the attention of the international and domestic investment community as is reflected by the fact that we have received $300 million of investment for this sector and are confident that this inflow will continue and reach $500 million mark in the next 12 months."

Powered by

YOU MAY ALSO WANT TO READ:
The Rediff-Business Standard Special
The Budget 2001-2002 Special
Money
Business News

Tell us what you think of this report