NASSCOM expects new govt to support SME growth, make norms easier
Updated: Mar 20, 2014 01:40:54pm
New Delhi, Mar 20 (KNN) India's s software services sector body Nasscom has expressed hope for a whole range of policy measures from the new government after the general elections to support the growth of SMEs and growth of industry in small towns.
Nasscom (National Association of Software and Services Companies) said that it expects that the new government will make the process of starting a new company easier, put a low regulatory burden on companies and provide some kind of incentives to companies to facilitate their growth.
Nasscom President R Chandrasekhar said this to the media on the side-lines of the annual ITsAP SME conference here yesterday.
Currently, Nasscom is working on strategies to tap non-US and non-UK markets like China, Japan, and South Korea among others, Chandrasekhar said.
"We have made some studies into these markets. The government itself had commissioned a study through Nasscom of the Chinese market," Chandrasekhar added.
He said markets like Japan, China, South Korea and some newer and emerging markets may look small today but have the potential to go forward as was the case with Africa and the Middle East.
These are areas, we are actively trying to refine our strategy and are working with the companies toward this end, he added.
"At this point, I will not be able to say this is our strategy for this particular country. But, it is quite clear that the same strategy which was used in US and UK, may not be applicable in Europe. The same strategy which is used in Europe may not be applicable in Japan," Chandrasekhar said.
He said Nasscom was "refining" those strategies to keep in mind the nature of opportunity and the nature of particular market so as to build a win-win partnership.
"What really important is not about going into a market and displacing somebody....This is about going into a market and helping that country to grow and ourselves growing at the same time. So, this strategy has to be done jointly. We have had a dialogue with leaders in all these countries and are trying to fashion exactly that strategy," the Nasscom President said when asked about Nasscom's strategy to tap non-US, non-UK markets.
Chandrasekhar said he expected the domestic IT services industry to grow next year in the band of 13 to 15 per cent with several companies reporting a positive outlook for the future. (KNN/SD)
Nasscom (National Association of Software and Services Companies) said that it expects that the new government will make the process of starting a new company easier, put a low regulatory burden on companies and provide some kind of incentives to companies to facilitate their growth.
Nasscom President R Chandrasekhar said this to the media on the side-lines of the annual ITsAP SME conference here yesterday.
Currently, Nasscom is working on strategies to tap non-US and non-UK markets like China, Japan, and South Korea among others, Chandrasekhar said.
"We have made some studies into these markets. The government itself had commissioned a study through Nasscom of the Chinese market," Chandrasekhar added.
He said markets like Japan, China, South Korea and some newer and emerging markets may look small today but have the potential to go forward as was the case with Africa and the Middle East.
These are areas, we are actively trying to refine our strategy and are working with the companies toward this end, he added.
"At this point, I will not be able to say this is our strategy for this particular country. But, it is quite clear that the same strategy which was used in US and UK, may not be applicable in Europe. The same strategy which is used in Europe may not be applicable in Japan," Chandrasekhar said.
He said Nasscom was "refining" those strategies to keep in mind the nature of opportunity and the nature of particular market so as to build a win-win partnership.
"What really important is not about going into a market and displacing somebody....This is about going into a market and helping that country to grow and ourselves growing at the same time. So, this strategy has to be done jointly. We have had a dialogue with leaders in all these countries and are trying to fashion exactly that strategy," the Nasscom President said when asked about Nasscom's strategy to tap non-US, non-UK markets.
Chandrasekhar said he expected the domestic IT services industry to grow next year in the band of 13 to 15 per cent with several companies reporting a positive outlook for the future. (KNN/SD)
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