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 August 30, 2008, 10:59 am
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Kalam: IT will grow to $200bn

The Indian IT and ITeS industry should aim to grow to $200 billion by 2010, instead of the $60 billion growth projected by the National Association of Software and Service Companies, said President A.P.J. Abdul Kalam at the Nasscom 2006 summit in Mumbai on Friday.

The President pointed out areas where the Indian IT sector could contribute, such as, convergence of technologies, food preservation, water treatment, disease diagnosis and screening including automobile hardware-software integration.

He also suggested that Nasscom convert the addressable market to actual market and promote secondary cities for BPOs and ITes services including establishing JVs between Philippines, Korea, Singapore and other East Asian countries.

On a recent visit to Samsung’s office in Korea, the President had challenged the company to develop a cost-effective Tablet PC for 300 million school students costing around $100 to 150. “Now, I’m telling the same to you. Indian IT captains should look at B2B and B2C with partnering countries and should now, look East,” he said.

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