MAKING A POINT: Lakshmi Narayanan, vice chairman, Cognizant Technology Solutions, interacting with students at the valedictory function of The Hindu Business Line Club at SRM University in Kattankulathur on Wednesday. — Photo: A. Mur alitharan

TAMBARAM: Investing in technology is the key to growth and development of all sectors, including information technology, Cognizant Technology Solutions vice chairman N. Lakshmi Narayanan said on Wednesday.

Speaking at the valedictory function of The Hindu Business Line Club at SRM University in Kattankulathur, he said industries that had invested in technology "disproportionately higher" stayed ahead of their competitors.

Unlike in the past, adopting or installing high-end technology was getting simpler and the cost of doing so lower, he said, speaking on the meeting theme `innovation and current trends in IT.'

Mr. Narayanan, who recently took over as chairman of the National Association of Software and Service Companies (NASSCOM), said world over, governments and business organisations had understood that investments in advanced technology resulted in higher productivity and greater efficiency.

People, especially youth and young graduates, were attracted to the IT sector as it was growing at a very fast rate.

He said the growth rate could be sustained not only for the present, but also in the long-term. "We have only entered the growth period," Mr. Narayanan said.

In his message to students, the NASSCOM chief said the industry wanted people who could work in a team, possessed an analytical frame of mind and an ability to learn fast.

"We can train you in technology or business skills, but the education that you gain should provide you with strong fundamentals."

Mr. Narayanan also lauded The Hindu Business Line for its in-depth analysis that was of great value to people like him.

N. Krishnan, Regional General Manager, The Hindu , said the Club was formed in 2004 with a membership of 1,200 students in 8 institutions.

It now had a membership of 12,000 students in 80 institutions in Chennai.

P. Sathyanarayanan, vice-chancellor of the University, participated.

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