Financial Daily from THE HINDU group of publications
Tuesday, Feb 03, 2004
Financial Daily from THE HINDU group of publications Tuesday, Feb 03, 2004 |
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Info-Tech
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Security Nasscom 04 to focus on security concerns Our Bureau
Mumbai , Feb. 2 DRAWING attention to IT and its position in the larger domestic and global economic scenario, the theme of Nasscom 2004, opening tomorrow, will be the India Leadership Forum. The conference will, for the first time, feature sessions on wide-ranging subjects, and will include sessions by experts from international think-tanks. Among the speakers will be Mr James Carafano, a senior research fellow from Defense & Homeland Security, US, and Mr Steven Clemons from the Washington DC-based New America Foundation. According to Mr Kiran Karnik, President, Nasscom, the conference would look at the emerging economic scenario and how IT fits in to the larger picture. It would also look at how IT could help other sectors. Besides, the conference would take up issues of immediate import to IT such as stimulating growth in the sector, the competitiveness of individual cities to IT operations, and security issues. According to Mr Karnik, the conference would study the issue of security on two fronts. On one hand, it would address security concerns as far as online financial transactions were concerned. On the other, it would look at security concerns raised by the growing occurrence of hacking, spread of viruses and cyber terrorism. He told Business Line that India was working with the US on the above security issues. The countries would work to evolve global standards to boost confidence in online transactions and address fears as far as privacy of sensitive information, such as healthcare and financial data, were concerned. The conference would also have two theme-based sessions. The theme, `Made in India', would consider the promotion of not just services but products too. The second theme, `India Inside,' would study how the country could be promoted as a design base, be it for chips, software, etc. Looking forward, he said that the Indian IT industry was poised for high-growth over the next two years, with signs of increased IT spends in the US, which remained the primary destination for Indian exports. Exports of Indian software and services were likely to register 28 per cent growth in 2003-04, generating revenues of $12 billion (Rs 55,510 crore) compared to $9.5 billion (Rs 46,100 crore) in 2002-03. The BPO sector was expected to post 50 per cent growth by the fiscal-end, recording revenues of $3.6 billion (Rs 16,380 crore) up from $2.3 billion (Rs 11,300 crore) earlier.
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