Visitors Now:
Total Visits:
Total Stories:
Profile image
By TYP IAIJ CBI (Nothing is Secret)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Future Growth of Our IT Companies Will Be in Being Able to Create Futuristic Business Scenarios: Vice President

Sunday, November 6, 2016 10:13
% of readers think this story is Fact. Add your two cents.

(Before It's News)

The Vice President, Mr. M. Hamid Ansari addressing at the inaugural function of the NASSCOM Campus, in Noida, Uttar Pradesh on November 05, 2016. The Minister for Stamp and Registration (Trade Tax), Uttar Pradesh, Mr. Yasar Shah is also seen.

Inaugurates New NASSCOM Building

Noida (PIB-GR-TYP-BIN): The Vice President of India, Mr. M. Hamid Ansari has said that our IT firms will have to be more innovative as the future growth will be in being able to create futuristic business scenarios and engineering digital disruption rather than coping with its aftermath. He was addressing the gathering after inaugurating the New NASSCOM Building, on Nov 5. The Minister for Stamp and Registration (Trade Tax), Government of Uttar Pradesh, Mr. Yasar Shah was also present on the occasion.

The Vice President said that it is appropriate that this new campus of our apex Information Technology business body should come up in NOIDA, which is emerging as one of India’s fastest growing technology hubs.

Lauding the role of IT industry, the Vice President said that the sector has been a major contributor to our growth story in the last 25 years by way of an improved brand image, creating employment, contributing to GDP growth, creating avenues in technology education and contributions to e-governance. He said while the growth trajectory of the sector was well charted, its challenges will come, in the shorter and intermediate term, from industry shifts such as Cloud Computing, evolution in Software as a service models, need to develop new products, Digital Disruption, and shrinking manpower needs because of software automation. It is likely that present and new clients will increasingly look for innovation partners rather than software partners, he added.

Emphasising the central role of innovation, the Vice President said that while the Global Innovation Index 2016 ranks us 66th out of 128 countries, the Government is alive to the requirements of creating an innovation environment in India.

The Vice President said that NASSCOM must help India’s technology industry innovate, foster the next generation of start-ups and continue its work with the government to empower the billion Indians who stand at the edge of a digital revolution.

(Source: PIB/GR/TYP/BIN/USPA/WN/IAIJ)

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.