As software-on-hardware convergence gets momentum, the Nasscom sees a new revenue front being opened for the Indian IT industry in Asia-Pacific region. For long, the region contributed less than 20 per cent to the overall IT revenues of the country.

The industry, which is facing tough currency volatility challenges, asserts that India is better placed to cash in on the growing trend of convergence in the IT and communication space.

“The region presently contributes about 18 per cent, while the US continues to dominate the scene with 55-58 per cent. We expect contributions from the Asia-Pacific region would grow in the next three-four years,” Nasscom Chairman BVR Mohan Reddy has said.

Talking to reporters on the sidelines of the third edition of the Big Data Analytics summit here on Thursday, he said the industry expected a growth of 3-4 per cent in revenues from this geography as the overall pie grew.

Nasscom is also trying to crack the difficult markets such as Japan and South Korea to de-risk the IT industry from the vagaries of upheavals in some western markets.

H-1B concerns

Asked about reported concerns in the US about local jobs being taken away by Indians, the Nasscom Chairman said audit of Indian firms happen routinely and there was nothing new in it.

“It is not very unusual (audits to check violations of H-1B regulations) at this point of time. We at Nasscom and member firms that are involved are fully confident that we are compliant,” Mohan Reddy, who is also Executive Chairman of Cyient, said.

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