April 2003 -

April 2003 -

India all poised for software export

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According to Som Mittal, the newly appointed chairman of NASSCOM, India is all set to increate its software exorts to about $50bn by the year 2008. Though at present the grwoth rate of software might be down by about 3% because of the appreciating value of the rupeee. The software industry itself is all poised for growth.

/p>It is also stressed that both South Africa and India should work together to achieve the common goal of increasing its software growth. ICT or Information, Communication and Technology are the core area of expertise where both the countries need to concentrate. At the movement most of the major software works are outsourced from India. This overall environment of software growth in India, is providing the much needed turf for expanding software export.

Globalisation

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This is the term that we would all have heard in the early 90’s when our then Finance Minister Mr. Manmohan Singh had prepared us for this new turn in Indian history. Look at India, now, look at the consumerism that has resulted from Globalisation, and look at the improvement in products and the range of products. This has been one of the end results of the open economy and globalisation. Let us understand what is Globalisation and the results of the same.

Globalisation has no doubt bought about a huge transition and development to the developing economy, has increased the per capita income, purchasing power parity and overall standard of living, choice to the consumers, increased productivity and production. What is the other side of Globalisation? One is increased transition has bought about insecurity among the workers, because of new technology and new techniques in production, which is changing time and again. This has resulted in the erosion of non-skilled labour and other industries, which are not part of the boom (for instance IT). There is dearth of indigenous products, as other global products are available, in turn such industries and labourers are affected. There is less or no concept of unions at all, which again has resulted in lower wages and salary for the down trodden. What can be done to avoid such a situation? The answer is quite simple; the government must intervene and follow policy, which safeguards the interests of the labourers, as well as protect indigenous industry, for example the higher TRIMS security followed by India.We need to analyse the other aspects of Globalisation,later in my web log. Keep watching for those.

SSI to lease out property toTCS

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Talking about the growing IT sector, here is one more example of the future development of Information Technology in Chennai, many major names in Information Technology have already been established in Chennai. Tata Consultancy Services is all set to buy the 1.5-lakh square feet of space owned by SSI, on Vadapalani. This is one of the space that TCS would be taking on lease other than the five to six other development centres that it plans to take on lease in various parts of Chennai. The lease period would be for two to three years, by which time it expects its Siruseri facility to have been completed. According to Ravi Shah, Vice President of TCS, if need arises, they might even buy the vadapalani facility of SSI, but as of now there are no talks regarding that.

And to all those aspirants, TCS plans to increase its workforce to 10,000 and to 7,000 as of now. With more and more IT industry finding its root in Chennai, and many new ones establishing itself. We need an improvement in the infrastructure facility and of course more development to be undertaken by the Government of Tamil Nadu.

Source:13,April 2003, www.economictimes.com

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