The Hindu Business Line : Young economies have big opportunities: Satyam chief

Hyderabad, March 25 “Young companies, young economies like India and young countries have huge opportunities to grow in the new knowledge driven, fast changing global arena”, said Mr B. Ramalinga Raju, Chairman, Satyam Computers.

Indian IT companies are operating with the tremendous advantage of being both young and thickly populated by youngsters. The challenge is to hone their skills, ideas and energy into building successes, he said.

In the world GDP of $50 trillion, India accounts for $1 trillion or just 2 per cent. Seventy per cent of this huge opportunity comes from services, which can be delivered from anywhere, the Satyam chief said. It is no surprise, therefore, that India has produced several large IT companies. Mr Raju said the common mindset that one country’s success is at the cost of another should be changed. For example, more H1 B visas for Indians should not end up in loss of jobs in the US. “We have to look at expanding the pie,” he added.

The collaborative approach appears to be the best way forward for organisations to get the best value and expand markets, he said while delivering the keynote address at the seventh Indo-Italian workshop on “IT: Education, Research & Industry” organised by the BM Birla Science Centre here on Monday.

He said education and research have become integral part of any IT company now. However, much greater collaboration was needed between industry and academia as access to talent was becoming progressively more difficult.

The Counsellor (Economic and Commercial), Italian Embassy in India, Mr Nicolo Tassoni, said Indian IT companies could explore opportunities in security, banking related areas in Italy. Though language is a limiting factor for growth opportunities, collaboration in niche areas was possible, he said.

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