Articles for the Topic: 'Outsourcing'
Indian Software and Services Export Grew 33% in 2005-06
According to leading software industry body, National Association of Software and Services Companies (Nasscom), Software and services exports from India grew 33 percent during the period 2005-06 to $23.6 billion.
Nasscom said the overall Indian software and IT enabled services industry grew 31 percent in last fiscal to $29.6 billion.
The overall software and services industry will grow by 25-28 percent in 2006-07 to $36-38 billion, Nasscom predicted.
IT and ITES exports are likely to grow by 27-30 percent in 2006-07 to $29-31 billion.
The number of employees in the IT and ITES sector grew to 1.29 million in 2005-06 from 1.05 million in 2004-05.
Infosys plans to spend $100 millions on training
Infosys, India’s leading software exporter has announced that it plans to spend $100 million in year 2006 on in-house training in view of the acute technically skilled people shortage in outsourcing industry.
“The limiting factor to growth going forward will be the (lack of) availability of trained manpower, not infrastructure,” Dow Jones Newswires quoted T.V. Mohandas Pai, head of human resources at Infosys, as saying.
“There is war for talent,” Pai added.
He explained, India’s information technology sector will require at least 1 million professionally skilled software graduates over the next three years.
Company did not provide specifics on how the it would use the money for training.
