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Global sourcing, the new growth focus for Nasscom

Last Updated 08 February 2013, 17:33 IST

India's Information Technology (IT) body Nasscom is planning to focus on global sourcing or the utlisation of global resources than the general practice of offshoring and onshoring in the latest edition of its India Leadership Forum later this month.

Nasscom Senior-Vice President Sangeeta Gupta told Deccan Herald that the debate is no more about insourcing or its counterpart – outsourcing, its more how resources could be used wisely and help the industry to provide more customer-centric initiatives. Global sourcing, according to her, would deliver best value to the customers.

“We would try to delve into technologies that would drive growth in India and bring about considerable change in the way people live,” Gupta said.
India Leadership Forum is the flagship event of the organisation, bringing the industry together. This year it will delve on the theme ‘Imagineering the Future: Disruptive Innovation for Sensible Growth’.

Asked if insourcing or the practice of ceasing outsourcing and doing the processes internally, would plague Indian IT industry, Gupta said, “There's not much data proving that companies are going for heavy insourcing.”

She added that what is happening now is mostly certain segments that are in the core of a company's operation are getting insourced.

Commenting on the recent breakway of 30 firms from Nasscom and forming a thinktank on software products, iSpirit, Gupta said, “The software products industry is estimated to be worth $1 billion and what we should focus on is how to bring about greater growth, instead of being caught up in politics.”

Nasscom on Monday said in a statement that the organisation has a defined focus and initiative for the software product sector  and will continue to grow and contribute to build this sector.

Indian IT sector has been facing the heat of the global economic slowdown affecting their clients which, in turn, is affecting their revenues.

Nasscom had earlier projected 11-14 per cent growth of the sector in fiscal 2013, however, it later revised it to 11 per cent in November. “We stick to 11 per cent growth projection,” Gupta added.

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(Published 08 February 2013, 17:33 IST)

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