Online edition of India's National Newspaper
Sunday, Mar 16, 2008
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Online edition of India's National Newspaper Sunday, Mar 16, 2008 ePaper | Mobile/PDA Version |
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Tamil Nadu
‘The city should leverage on its tradition of innovation’ COIMBATORE: Coimbatore should focus on embedded systems and educational software, Vinay L Desahpande, Chairman and Chief Executive Officer of Encore Software Limited, suggested here on Friday. Delivering the keynote address at the inaugural of Connect Coimbatore 2008, the IT conference organised by the Confederation of Indian Industry, he said that with the culture of innovation and strengths in engineering and manufacturing, Coimbatore should look at embedded systems and educational software. The city should leverage on its tradition of innovation. India was on the way of becoming the world’s second largest economy in the world in the coming years. The growth of the Information Technology and IT Enabled Services industry had given a newfound economic freedom to thousands of youth. This economic prosperity and increase in disposable income had given a boost to other sectors. Hence, city after city were competing for a share in this growth. However, there were areas of concern. A large section of population still earned less than $ two a day and economy was slowing down. So, it was important to see what alternatives cities such as Coimbatore would have. The Indian IT industry today had a turnover of about $ 40 billion and employed about two million professionals. In two years this was expected to go up to $ 80 billion or 100 billion dollars and that would mean double the manpower. Hence, efforts should be taken to develop adequate skills in adequate number of people. D. Subramanian, Chairman of the ICT Sub-Committee of the CII Southern Region and Director of Satyam Computer Services Limited, said continued availability of quality man power, attrition and high costs were areas of concern. Hence, there was a pressure on the companies to move away to tier-two cities. Meanwhile, opportunities were getting broad-based for these cities. For instance, engineering outsourcing was growing at 40 to 50 per cent. Some of the areas of opportunities were due to the demand for IT services for manufacturing sector, engineering services outsourcing and manufacturing getting technology-intensive. Coimbatore had a good industry and skill base. It should tap these opportunities by combining these capabilities and showcasing it. He urged the participants to establish an ICT innovation hall here for this purpose.
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