SMEs should leverage on cloud computing, mobile app platforms

Global demand for IT outsourcing estimated to touch USD 1.7 trillion in the next eight years

PTI | June 8, 2011



Industry body National Association of Software and Service Companies (Nasscom) on Tuesday said that small and medium sized companies need to leverage on sectors like cloud computing and mobile application platforms.

"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.

The event was themed 'India should be a launch Pad for Product companies in future'.

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 five years".

Citing a report, MindTree Ltd CEO and Managing Director Krishnakumar Natarajan said global demand for IT outsourcing is estimated to touch USD 1.7 trillion in the next eight years.

Comments

 

Other News

How Rafi, Raj Kapoor helped pave the way for a great uranium deal

There`s a certain moment in diplomacy that`s too personal to be captured in a communiqué, too small to make the front page, but more revealing than the front page. This week, prime minister Narendra Modi reached Tashkent and, amid the pomp of state visits, managed to evoke the old Bollywood tunes

Distinguishing Fish 1 and Fish 2: The pragmatism behind India’s WTO ratification

 India became the 123rd WTO member to ratify the multilateral Agreement on Fisheries subsidies (AoFS) when it deposited the Instrument of Acceptance for Phase 1 on July 20, 2026. The ratification is restricted to disciplining Illegal, Unreported and Unregulated fishing (IUU), protection for overfished

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

The Constitution cannot be altered: Justice Abhay Oka

Justice Abhay Oka, who retired from the Supreme Court in May 2025, has said that the Constitution of India cannot be altered. Explaining the landmark Kesavananda Bharati judgment (1973) on the basic structure of the Constitution, he said, “This is one judgment that has saved democracy in India.&rdq

How the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter