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Bangalore Feb. 7 As part of its efforts to promote innovation in information technology, industry body Nasscom proposes to set up a Rs 100-crore fund.

"The first-of-its-kind initiative by the apex body, the fund would be supported by the industry and would be for driving innovation by IT companies," Mr Kiran Karnik, President of Nasscom, said in a press release.

IT innovation is slowly gathering momentum in India. Innovation at various levels has been identified as the next imperative to sustain growth and maintain the edge of Indian IT industry in global markets, he added.

Awards

Meanwhile, seven companies would be awarded for their innovation in information technology by the Prime Minister, Dr Manmohan Singh, on February 9. The seven finalists, selected from a shortlist of 18 companies, are Bharti Airtel and IBM India, Evalueserve.Com, HP Labs India, Ittiam Systems, Kale Consultants, Strand Lifesciences and Monsoon Multimedia India.

More Stories on : Awards & Honours | Industry Associations

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