New Delhi, Nov 16: Despite the global market slump which is forcing companies to hand out pink slips as a cost-cutting measure, Infosys Technologies Ltd co-founder and co-chairman Nandan M Nilekani on Sunday, Nov 16 said the software maker will continue hiring people.
He spoke to mediapersons on the sidelines of India Economic Summit. He said, ''Overall there is slowdown in the IT sector, but it is resilient enough to sail through the crisis...our company will go ahead with its plan of hiring people.'' The global economic slowdown will have an adverse impact on the industry, he said adding that the extent of the effect will, however, be marginal. ''The growth in the IT sector during the current fiscal will not be as good as witnessed for the last four years,'' Mr Nilekani said.
To a question on US President-elect Barack Obama's reported reservations on the outsourcing, he said India has to adopt the policy of 'wait and watch'. ''let see what policies he brings out. We have to wait and watch for the time being,'' Infosys chief said.
The country's largest IT firm Tata Consultancy Services (TCS) has plan to hire 30,000-35,000 this fiscal (out of this it has already hired 18,000).
Earlier, NASSCOM had said fresh hiring in IT and ITeS industry is likely slow down to 2 lakh this fiscal, while salary hike in the sector would be lower by 2.5 per cent cent next year.