The IT sector has everything to be happy about. The government’s policy framework for the software industry will continue to be supportive and enabling, rather than be a barrier to progress and innovation, Prime Minister Manmohan Singh said at the three-day Nasscom Leadership Forum.
“We are committed to the growth of this flagship sector and will do all that is possible in the realm of the government to promote its sustained growth and success,” he said. He said the $60-bn export target of the industry needs to be moved forward from 2010 to 2008, and the 2010 target needed to be revised to $80 bn.
For this the software industry needs to move towards system solutions and the BPO industry must not only retain its first mover advantage but also move up the value chain, increasingly becoming a KPO.