Software association Nasscom on Tuesday announced its `domestic IT market committee’ that would identify policies and actions to accelerate the growth of the infotech market. “With this committee, we will ensure that the required impetus is provided to the sector, in terms of favourable policy environment, increased focus on emerging companies, and focus on high maturity IT user segments.
Increasing use of IT within the country will help to enhance the competitiveness of the economy and of the companies and sectors that use IT,” Mr Kiran Karnik, President, Nasscom, said in a statement. The recent Nasscom-IDC study on `Domestic Services (IT-ITES) Market Opportunity’ has emphasised the huge potential in the domestic IT market. While the IT industry has been showing a strong growth, the growth has been predicated on the larger corporate and a few verticals, including banking financial services and insurance (BFSI), telecom and some sectors of manufacturing. “To accelerate the growth of the domestic market, it is important that there is increased IT penetration in growing verticals like retail, healthcare and manufacturing.
Equally important is the increase in IT adoption by the small and medium business sector and household consumer segment,” the release said. The domestic IT market committee includes a representation from the IT players (Microsoft, Oracle, TCS, Wipro, HCL, Tally, NISG and IBM), corporate sector (Bharti Televentures, ICICI Bank, Hitech Gears, Reliance Infocomm, Shoppers Stop, Tata Steel, SBI and Jumpstartup) and IIT Chennai and IIT Mumbai). The committee is chaired by Mr Ramadorai, CEO, TCS and Chairman of Nasscom.