Business News
R Chandrashekhar is Nasscom chief:
NEW DELHI: Former telecom secretary R Chandrashekhar, under whom a government IT department was set up for the first time, on Sunday took over as president of Nasscom - a body representing the $108 billion Indian IT-BPM industry. He succeeds Som Mittal, who served as the president of Nasscom from 2007-13.
"I feel privileged and look forward to leading Nasscom in its next journey of achieving the vision and aspiration of $300 billion revenues by 2020. The opportunities are very vast at this particular juncture and exciting times lie ahead for the industry," Chandrashekhar said.
He said the future looks positive for the Indian IT-BPM industry as the sector is evolving dramatically in terms of scale, complexity and innovation.
"Going forward, enabling radical transformation of key sectors in India through the use of ICT to increase access, enhance efficiency and enable innovation in the sector are going to be some of our priority focus areas. The rapidly accelerating trend of innovation and entrepreneurship in the ICT sector impacts several domains and provides clear indicators that the journey has begun," Chandrashekhar said.
He added that changing models will bring compelling business innovations across key verticals such as banking, financial services and insurance, telecom, healthcare, education and social entrepreneurship.
He said the Indian IT-BPM industry, which is primarily export-driven, is at an inflexion point as business models shift from traditional labour-based onsite-offshore model to cloud-based and off-premise solutions.
Chandrashekhar was the chairman, telecom commission and secretary of the department of telecom till March last year. He held a variety of key assignments with many of them relating to the ICT sector, both at the Centre as well as state level.
Earlier, he had established the first department of information technology in the country in Andhra Pradesh and was secretary of the department from June, 1997 to December, 1999.
Besides the National Telecom Policy 2012, he played a key role in the first National IT Policy and National Policy on Electronics during his dual role of IT and telecom secretary at the centre.
A MSc graduate in Chemistry from IIT-Bombay, Chandrashekhar received a M S degree in Computer Science from the Pennsylvania State University, US.
Mittal, who headed the industry body during the Lehman crisis in 2008 which impacted the Indian IT firms severely, said the years ahead are promising.