Tirunelveli (TN), Dec 6 (PTI) STPI Director General DrOmkar Rai today said sceptics who predicted a slowdown in theIT industry have been proved grossly wrong as the sector hasseen mindboggling growth in three decades.
From four million U.S. Dollars in exports in 1980 to 117billion Dollars in 2016-17, accounting for 56 per cent ofglobal sourcing business, "the Indian IT industry haswitnessed a mindboggling growth trajectory, which had neverhappened anywhere in the world before," he said.
Dr Rai said IT industry today directly employs 3.9 millionprofessionals and indirectly around 10 million people.
"Sceptics who predicted slowdown in the growth of ITindustry in India have been proved grossly wrong," he said.
The IT industry has moved up the value chain and India isnow home to most research and development being carried out bymultinationals, he said.
Speaking at the 25th convocation ceremony of ManonmaniamSundaranar university here, he said the industry was nowcapitalizing on emerging technologies, including ArtificialIntelligence, Internet of Things, Virtual reality, Augmentedreality, Cloud, Robotics, 3D printing and machine learning toleapfrog its entrepreneurial endeavors.
He said Software Technology Parks of India have also beenworking for creation of the ecosystem required by the countryat present.
He said a state-of the art incubation centre has been setup in the university to develop entrepreneurial opportunitiesof the talent pool in the region.
STPI was also working on creating similar collaborationsin the form of centers of excellence for various industry andtechnology verticals, he said. PTI COR APRAPR.
This is unedited, unformatted feed from the Press Trust of India wire.