The IT world is optimistic on gains recorded so far and that is translating into a windfall for techies. Infosys Chief Executive Officer and Managing Director Kris Gopalakrishnan expressed confidence that the growth in Information Technology industry has returned. Addressing a conference hosted by the Confederation of Indian Industry (CII) at Thiruvanthapuram in southern Kerala on Thursday Gopalakrishnan mentioned that Infosys is committed to hire 30,000 professionals by the end of the current financial year.

“Growth has come back into the industry. We are all scrambling to recruit. Infosys alone is committed to recruit 30,000 people this financial year. We have made campus visits and campus offers. So yes, growth has come back to the IT industry,” said Kris Gopalakrishnan.

He cited that the country’’s apex forum for IT and software industry, National Association of Software and Service Companies (NASSCOM), has  projected a 16 percent growth in the BPO industry. (more…)

Som Mittal, President of National Association of Software and Service Companies (NASSCOM) has said outsourcing business in India has
witnessed more than nine times growth, from 1.6 billion dollars to 14.7 billion dollars in the last decade.

Addressing media persons here on Wednesday, Mittal said: “In this last decade, from 1.6 billion, we rose to 14.7 dollars.” He further said that India’s back-office outsourcing business would post a growth of 15 to 16 per cent in 2010 to March 2011 on growing demands from overseas clients. There is a growth in the employment sector as well, as far as the BPO industry is concerned.

He pointed out that even two-tier cities have become the hub of IT industry and software development. “Today, BPO industry is in 50 cities and towns. I think that’s very significant, so, a large part of the business did come from top six-seven cities, but the fact that they are already in 50 cities, is very significant,” he added. (more…)