IIT Kanpur Organized Conclave on 'IT: Redefining Indian Business'

IIT Kanpur Organized Conclave on 'IT: Redefining Indian Business'

Another issue that emerged is the dearth of talent availability. Despite the large numbers of graduates being churned out, there is still a large unmet demand due to unemployability of the graduates passing out of Indian colleges.

Mr. Desai recommended that there be 10-15 centres of excellence to churn out trained professionals.

Mr. Desai also highlighted the challenges to get large deals - quoting low contacts in boardrooms of big companies, and minimal interactions with the CFOs and CEOs. He went on to reinforce that joint ventures and mergers and acquisitions were the way to grow.

The next speaker for the day was Mr. Jayant Krishna who focused on the topic "Creating a Global Mindset for Indian Managers for a Vibrant Outsourcing Industry".

Building on the theme built up by Mr. Desai, Mr. Krishna went on to talk about the Indian outsourcing industry. The Indian software and ITES industry is a 30 billion business, it is expected to touch 90 billion by 2010. It is expected grow at a rate of 25-30% per annum.

Mr. Krishna spoke about how the web has enabled more firms to access a global audience, and technology has made distances meaningless. He also threw light on another aspect of outsourcing - the effect it has on jobs of the people in the home countries of the companies that outsource business processes.

The focus is now shifting from routine to strategic outsourcing. For companies to survive in today's business scenario, it is quintessential for them to deliver strategic advantages beyond merely cost arbitrage.

While India has emerged as the outsourcing destination of choice, it has other countries like China running close. Mr. Krishna spoke of how China has turned the cards in their favor through their aggressive English language improvement drives.

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Contributed by -
Piyush Gupta,
PR Cell, MBA II Year,
IME, IIT Kanpur.

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