Obama's outsourcing threat not serious for India: Nasscom chief

The US democratic presidential nominee, Barack Obama’s statement to put a break on outsourcing
if elected as American President should
not come as a threat to Indian IT/ITeS companies.

India’s apex IT body, Nasscom, chairman Ganesh Natarajan said Obama’s government, if at all it comes to power, will focus more on creating new job opportunities for its people rather than cutting down on outsourcing.

Mr Natarajan was the chief guest at the 6th Convocation of Nirma University of Science and Technology. “Barack Obama’s plans to cut down on outsourcing does not pose a threat to the Indian IT industry. Our expertise in several areas of outsourcing will always attract new projects from the US,” he said while addressing the media.

He said, certain expertise was country-specific and won’t be affected despite a change in government policy . He also said the Indian IT/ITeS companies should try and tap new and emerging markets in Japan, China , Asia Pacific, Africa and Latin America.

Speaking further about the Indian IT industry, he said, the global slowdown has not affected the industry at all.
The industry was going almost on the lines of the growth projection as done for this year in 2007 by Nasscom.

As against the projection of 26-29 %, the growth has been 20-22 %. In terms of employment opportunities as well, the IT/ITeS industry will add 2.75 lakh workforce to the existing workforce of 20 lakh.

At this convocation, the 217 awardees for various post-graduate courses included 26 MSc students, 28 MPharm students, 102 MTech students, and 61 students of the MCA Programme.

The 768 awardees for the bachelor’s degree included 658 students of B Tech, 64 students of BPharm and 56 students of BPharm (Hons). Additionally, 301 students were also awarded their diploma in engineering.