It’s a milestone year for this, the 20th NASSCOM India Leadership Forum (NILF), and as I arrived at the Hotel Grand Hyatt in Mumbai to attend the annual showcase, the first impression that I got was that the event is not just about India anymore. I saw delegates who had come from all over the globe. The event has more than 120 speakers, and more than 2,000 delegates. The 2012 edition has hyper specialization as the core theme, and I am taking this opportunity to share what I see, hear and learn over the next few days about the trends in the industry that are sure to emerge at this great event.
Day 1 started with inauguration and Social Innovation Honors Awards, where Kapil Sibal, India’s Minister of Communications & IT, and NASSCOM executives Rajendra S. Pawar, (chairman), N Chandrasekaran, NASSCOM (vice chairman) and Som Mittal (president) were the key guests.
The session started with Som Mittal’s enlightening presentation where he disclosed that for FY 2013, export revenues from the IT and ITES sectors are expected to grow between 11 to 14 percent in U.S. dollar terms, whereas the domestic market is expected to grow by 13 to 16 percent. I also believe this to be the case. Another point he made was that direct employment in the IT sector is expected to grow by more than nine percent to reach 2.8 million jobs, with more than 230,000 of those jobs being added in FY 2012. Kapil Sibal started his speech agreeing to the point that IT sector plays a very important role in all sectors’ growth in India. I completely agree with him. I see no industry today that is not utilizing the power of IT.
There were a few more sessions that spoke about tapping the U.S. healthcare outsourcing market and the era of hyper specialization, which focused heavily on what technologies will come into play in these areas and how new opportunities are there for the taking. Sounds interesting and I am excited to learn more about these topics and contribute to the discussion throughout the event!
It was also interesting to hear about the story of technology and innovation — on and off the pitch — from a former cricketer, Sir Richard Hadlee. This shows that even athletes now remain in touch with technology. What else can I ask for!
NASSCOM has done a fantastic job organizing this event at the global level, and the management was simply great. Hats off to Som Mittal’s team. Day 1 is over and I am very much looking forward to networking with several new acquaintances over dinner. I’ll keep you posted with the latest updates.
‘Til then, have a good night from Mumbai!