<p>“There are opportunities, especially for small and medium size companies, to develop products in sectors like cloud computing, mobile applications and software-as-a-service. The future is bright and we need to make full use of it”, Nasscom President Som Mittal said here at a one-day Nasscom Emergeout Conclave.<br /><br />The event was themed ‘India should be a launch Pad for Product companies in future’.<br /><br />Stating that India is a global leader software services, he said it is time to create more product companies. “We should have at least 500 product companies in the next 5 years”. <br /><br />MindTree Ltd CEO K Natarajan said global demand for IT outsourcing is estimated to touch $1.7 trillion in the next eight years.</p>
<p>“There are opportunities, especially for small and medium size companies, to develop products in sectors like cloud computing, mobile applications and software-as-a-service. The future is bright and we need to make full use of it”, Nasscom President Som Mittal said here at a one-day Nasscom Emergeout Conclave.<br /><br />The event was themed ‘India should be a launch Pad for Product companies in future’.<br /><br />Stating that India is a global leader software services, he said it is time to create more product companies. “We should have at least 500 product companies in the next 5 years”. <br /><br />MindTree Ltd CEO K Natarajan said global demand for IT outsourcing is estimated to touch $1.7 trillion in the next eight years.</p>