Narayana Murthy, the ‘IT Guru’ is in Colombo. ‘Entrepreneurship and IT for National Integration: A Challenge for Sri Lanka’ was his topic addressing Sri Lankan software industry representatives, on Saturday. The well attended event was organized by the three month old Sri Lanka Association of Software and Service Companies (SLASSCOM) that has ambitious plans to follow elder brother, NASSCOM. Murthy talked for 40 minutes, and delivered the gems, for anybody to pick. Develop infrastructure; Build HR or import if not enough; Encourage foreign investment; Avoid fat government; Give confidence to private sector; Nurture venture capitalists: Change labour laws; Provide equal opportunities for both genders; Ensure peace, political stability and correct fiscal environment because they are the key to the growth of IT and ITES industries and don’t be scared to innovate.
Having made its mark on software in style, there is nothing wrong India becoming ambitious to do the same in hardware. That seems to be the message we hear now. Instead of resting on its laurels as the preferred IT services destination, technology players and academics in India must look to creating compelling products for the domestic and global market with an eye on cornering at least $15 billion worth business by 2015. This was the challenge thrown out by the National Association of Software and Service Companies (Nasscom) to the Indian IT industry, at its annual Product Conclave that opened in Bangalore on Nov 19, 2007. (Read the report in ‘The Hindu’) Interestingly, last month Prof.