<p>Traditional Indian Information Technology (IT) industry could do much better if it learns to leverage the vast talent pool in the country to create knowledge-based services, HCL Chief Executive Officer Vineet Nayar said.<br /><br /> Speaking at the All India Management Association (AIMA) summit on “Leveraging technology to impel the next phase of growth in India”, the HCL chief said that knowledge-based services will drive growth in the years to come and added that technology makes knowledge more meaningful.<br /><br />On creating more entrepreneurial opportunities, he said that, “Applying technology to solve problems of the masses will create a lot of entrepreneurial talent around it,” Nayar added. <br /><br />The summit discussed how, despite the success of IT sector and having technological capabilities, India is often considered to be a developing nation and how convergence of technology with other sectors can be an effective solution to reduce the dependency on one particular sector for growth. <br /><br />“Traditional IT outsourcing has yielded results, but now we must look at products and services that can reach the end-consumer under our own brand,” Genpact Non-Executive Vice-Chairman Pramod Bhasin said.</p>
<p>Traditional Indian Information Technology (IT) industry could do much better if it learns to leverage the vast talent pool in the country to create knowledge-based services, HCL Chief Executive Officer Vineet Nayar said.<br /><br /> Speaking at the All India Management Association (AIMA) summit on “Leveraging technology to impel the next phase of growth in India”, the HCL chief said that knowledge-based services will drive growth in the years to come and added that technology makes knowledge more meaningful.<br /><br />On creating more entrepreneurial opportunities, he said that, “Applying technology to solve problems of the masses will create a lot of entrepreneurial talent around it,” Nayar added. <br /><br />The summit discussed how, despite the success of IT sector and having technological capabilities, India is often considered to be a developing nation and how convergence of technology with other sectors can be an effective solution to reduce the dependency on one particular sector for growth. <br /><br />“Traditional IT outsourcing has yielded results, but now we must look at products and services that can reach the end-consumer under our own brand,” Genpact Non-Executive Vice-Chairman Pramod Bhasin said.</p>
