(In Pic: NASSCOM president Kiran Karnik)
By Anand Parthasarathy
BANGALORE: India which handles three-fourths of the world’s outsourced information technology (IT) services business, contributes a minuscule portion — one billion dollars worth of a $300 billion opportunity — when it comes to software products involving intellectual property (IP).
Instead of resting on its laurels as the preferred IT services destination, technology players and academics in India must look to creating compelling products for the domestic and global market with an eye on cornering at least $15 billion worth business by 2015.
This was the challenge thrown out by the National Association of Software and Service Companies (Nasscom) to the Indian IT industry, at its annual Product Conclave that opened here on Monday.
