IT, BPO to grow 10-15 pc in next 5 yrs: NASSCOM

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IT industry
Chennai, Jul 7: Still there is a boom to look forward to in IT and BPO industry. According to NASSCOM, it poised to grow 15 to 20 per cent in the next five years and direct employment likely to go up to eight million.

The survey has revealed that prospects of the industry growing in 50 cities in the country were bright if the state governments concentrate on developing infrastructure in these cities. Releasing the survey, NASSCOM President Som Mittal told a press meet that the industry was focused in seven locations in the country now, employing about two million people.

The present locations - Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, National Capital Region of Delhi and Pune - might not be able to cope with the pressure developed due to setting up of new units there.

The survey said that the development of these 50 locations, including the seven, would depend on knowledge pool availability, infrastructure and social environment, government support and business environment.

The former President of NASSCOM, Lakshmi Narayanan, said the survey revealed that Tamil Nadu has the maximum number of potential IT and BPO locations, addding that Coimbatore, Madurai, Salem and Tiruchirapalli could develop like Chennai.

Earlier, inaugurating the the fifth edition of the NASSCOM's annual HRD summit, Tamil Nadu IT secretary C Chandramouli said the state would seek the help of software majors like HP and Intel for preparation of text books for IT courses in the state.

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