Bangalore, Jun 12: Azim Premji, the Wipro chief warned the IT industry that the competition globally is getting fierce and cautioned the sector of falling into a mind trap of 'India Advantage'.
"We have talked a lot about India advantage. That makes me extremely worried. It's a huge amount of thumping on the back (by Indian IT industry)," Premji said at the fifth India Innovation Summit 2009, organised by the Confederation of Indian Industry (CII).
He added that the BPO (Business Process Outsourcing) exports from the Philippines in 2009 would be 'pretty close' to that of India's. Five years ago the exports were just 10 per cent of what India exported. That shows that competition is universal and "we just cannot take success for granted", he said. Echoing Premji, Infosys CEO S Gopalakrishnan said, "We have to be always on our toes. We cannot be complacent about the lead we have, we cannot be complacent about competition".