R Chandrashekhar Takes Charge as New Nasscom President
By ENS Economic Bureau | Published: 06th January 2014 11:19 AM |
Former Telecom Secretary (Government of India), R Chandrashekhar took over as the President of Information Technology trade body Nasscom (National Association of Software and Services Companies).
He succeeds Som Mittal, who served as President from 2007-2013.
“I feel privileged and look forward to leading Nasscom in its next journey of achieving the vision and aspiration of $300 billion revenue by 2020. The opportunities are very vast at this particular juncture and exciting times lie ahead for the industry,” Chandrashekhar reportedly said.
Interestingly Chandrashekhar takes over at a time when Indian IT companies are increasingly growing anxious over the tabling of the US Immigrations Bill which will come up for discussions post the holiday season in America. The new provisions aims to limit the number of Visa’s granted to Indian IT companies and also increase fees on the same.
The shortage of Visa’s is expected to be in the range of 50-60 per cent which will force companies to sub-contract and take away the edge of offshoring.
The US is the most preferred destination for Indian IT exports will be instrumental in the country’s aspirations to clock $100 billion revenue from export.
The IT exports for FY14 is forecasted to grow by 12-14 per cent to reach around $85 billion.