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Success in IT sector phenomenal: Wipro V-P

india Updated: Sep 24, 2006 00:00 IST

SENIOR VICE President of WIPRO Ramakanth Desai today said that the global community was stunned over India’s achievements in the field of Information Technology (IT). Many countries had now started studying the reasons responsible for the country’s unprecedented success in the IT sector, he said.

Speaking on “Business of IT services from India — Changing Paradigm” at a seminar at the IIT-K here on Saturday, Desai said that almost all the countries were convinced that the country had the potential to make a dent in the IT sector in the near future. Various global surveys had indicated that if India could maintain the existing pace of progress in the IT sector it would become the third richest country of the world by the year 2025, he said.

He said there were more possibilities in the country for progress in bio-pharmaceutical, animation, data search and research and development sector by the year 2012. But the country would also require about five lakh well qualified engineers and 2,300 lakh trained employees to work in the IT and other industries by 2012.

Referring to a survey conducted by an international agency AMR, he said the number of customer-countries of India had gone up and they had full confidence in India’s IT industry.

Desai, however, stressed upon the need for including experts in the decision making boards of the companies, creating highly skilled workers with training in English language and ensuring the availability of talented persons to sustain the existing growth and to meet the future challenges.

Desai further said that the present IT scenario was highly optimistic as the private equity was on the rise. There was also an increase of 60 per cent in investment in the sector as compared to last year. “We should capitalize on it by encouraging joint venture, ensuring innovation in every field and providing integrated solutions to the customers” he said.