It's focus SME's for IT growth in India

SMEs have built niche products and services

PTI | August 26, 2010



The apex body representing Indian IT industry, Nasscom, today said that small and medium enterprises (SMEs) would drive growth in the sector and help India maintain its lead globally.

"The SME segment presents a huge opportunity for India to retain its competitive advantage and sustain future growth.

They are a significant contributor to the Indian IT industry," Nasscom President Som Mittal said at the Nasscom Emergeout Conclave 2010.

He added that over the last few years, Indian SMEs have built niche products and services, which have helped them grow and compete on a global scale.

Nasscom has also conducted a survey with consulting firm Zinnov to assess the growth factors for these emerging companies.

It showed that over 50 per cent of the companies surveyed expect to grow revenues by over 40 per cent in the ongoing fiscal.

Investment in sales and marketing and expansion into newer areas are the top priorities for emerging companies, it added.

Comments

 

Other News

Cabinet approves museum at North-South Block complex

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on Wednesday has approved the development of the Yuge Yugeen Bharat Museum (YYBM) at the North and South Block Complex, New Delhi, at an estimated total project cost of ₹3,230 crore, as appraised by the Public Investmen

Cabinet approves extension of Noida metro corridor

The Union Cabinet, chaired by prime minister Narendra Modi, has approved the extension of Aqua Line Metro Rail Corridor from Noida Sector-51 to Greater Noida Sector-04 of Noida Metro Rail Project with corridor for a length of 8.449 km with 5 elevated stations. On operationalization of this corridor, Noid

India reaffirms commitment to climate multilateralism

India has reaffirmed its commitment to climate multilateralism and the principles of Equity and Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), calling for a fair, equitable and ambitious outcome at the 31st Conference of the Parties (COP31) to the United Nations Framewo

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter