The Hindu Business Line : Software products space has $7-b potential

SOFTWARE products as a business in India have a potential of generating revenues to the tune of $7 billion and creating one million jobs by 2010, according to a report by Prof T. R. Madanmohan, Associate Professor (Technology and Operations), IIM, Bangalore.

The report, titled `Indian software product sector: Challenges and a roadmap', reveals interesting facts.

The analysis indicates that nearly 27 per cent of indigenous companies are in the technology space, 47 per cent in applications, and 30 per cent in enterprise.

The report maintains that there is a requirement of talent in disciplines such as product architecture, computing, AI, gaming, testing, commercialisation, and IPR management.

Ecosystems need to be created and product companies need to be focused, said Prof Madanmohan. Only 26 per cent of start-ups have turned profitable and 30 per cent of IT firms pursue services to sustain product development.

Speaking to newspersons at the campus, Mr Deepak Ghaisas, CEO of i-flex Solutions, who chairs the Nasscom Product Forum, said: "India has a great future as product destination."

Mr Kiran Karnik, President of Nasscom, said that the indigenous software sector was still in the nascent stage and needed to be helped in terms of connections and networking by the Government.

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