IT sector Archives

NASSCOM, Chinese city to promote investment in IT sector

by admin | May 25, 2021 | Corporate, Corporate Buzz, Investing

By Gaurav Sharma,

Dalian (China) : India’s National Association of Software and Services Companies (NASSCOM) and China’s Dalian city have signed an agreement to set up a platform for partnership between Indian and Chinese IT companies.

The move will help Indian IT software companies enter Dalian, a cyber city in China’s northeast province Liaoning where over a dozen of Indian firms such as Infosys, TCS, HCL and others are already present.

Under the agreement signed on Tuesday evening, Indian companies will get “preferential” entry into the Chinese market.

“Today, the lines between hardware and software are merging very fast. Indians companies, who have an edge on the software side, and Chinese companies, who have an edge on the hardware side, can co-develop and co-create for the global market, ” NASSCOM Senior Director Gagan Sabharwal said here.

“This partnership with the government of Dalian will help us create a platform where companies from India and China can co-develop for global markets leveraging their respective strengths in hardware and software,” he added.

Under the Memorandum of Understanding (MoU), a NASSCOM corridor will be set up in Dalian’s Best city — a hub of IT companies — exclusively for Indian firms for setting up operations and availing policy benefits by the local government.

“We strongly believe this is the innovative step in enhancing and mutually benefiting Chinese and Indian companies in software and services sector,” Governor of Dalian’s Best City Sun Long Ye said.

“The SIDCOP Sino-Indian Digital Collaboration Plaza platform developed by Zeta-V is an extremely innovative use of digital technologies and shall pave the way for greater and wider cooperation amongst our countries,” Sun added.

Zeta-V Technology Solutions Ltd, an Indian start-up with a local presence in Dalian, will be deployed as the operator of the SIDCOP platform.

The firm will help Indian and Chinese companies communicate and understand each other’s requirement by using artificial intelligence.

“We are delighted to play a key role in building this ecosystem of NASSCOM members and Chinese companies to help furthering the Sino-Indian collaboration in the new age technology space,” said Sujit Chatterjee, Co-Founder and Director at Zeta-V Technology Solutions.

—IANS

Women have 50 percent better chances in IT sector: Nasscom

by admin | May 25, 2021 | Entrepreneurship, Women Entrepreneur

Bengaluru:(IANS) Women applicants have 50 percent higher chances of bagging an IT-Business Process Management job than men and they constitute 51 percent of the entry level hiring, a Nasscom’s report said on Tuesday.

According to the ‘Gender Diversity & Inclusivity trends in the IT-BPM Sector’ report, published by Nasscom and PriceWaterhouseCoopers (PWC), to assess gender diversity and inclusivity situation stated that the industry itself is increasingly turning women centric.

“At Nasscom, we believe that development is never complete unless it is across all sections through participation and inclusion of people irrespective of their gender, creed or colour,” said the industry body chairman B.V.R. Mohan Reddy at the ninth edition of Nasscom Diversity and Inclusion Summit 2016 on Tuesday.

According to the report, IT-BPM industry’s focus is shifting from inclusivity and diversity to empowerment while women are also moving away from support roles to shoulder core business operations with training and development.

Interestingly, women job applications rose by five percent from 2012 and stood at 28 percent of all job applications while job profile evolution from support role to core business role grew by two percent from the same time.

And overall women managerial roles in proportion to total women employees increased by two percent from fiscal 2012-13.

Though diversity and inclusion are showing promise, the industry still has a long way to become a completely inclusive one.

“While gender equality has been established at entry levels, women still constitute a far lower share of CXO roles; the trend of women resigning at a higher rate than men as their personal priorities change is hampering this growth,” said Nasscom in a statement.

Aimed at encouraging and celebrating diversity and inclusion, Nasscom announced corporate awards at the summit and honoured companies under six different categories for efforts to creating inclusive environment.

Goldman Sachs Services, SAP Labs India, Wipro, ANZ Bengaluru Hub, EMC India Centre of Excellence and Bhuvaneswar Naik from SAP Labs India were awarded.