Dear
Reader,
Greetings. Innovation
is essential
for sustaining
the growth of
any industry.
In the case
of Information
Technology and
its allied knowledge
segments of
ITES and BPO,
innovation assumes
critical importance
in view of increasing
pressure from
competition.
Hence there
is need for
new processes
and new software
products. The
National Association
of Software
Companies (NASSCOM)
is aware of
the gravity
of the situation.
The apex organization
of the IT industry
recently organized
a seminar on
Innovation,
gathering an
impressive panel
of thought leaders.
The Cover Story
of the current
issue of Outsourcing
deals with the
crucial aspect
of innovation,
which has also
been the concern
of the government,
as expressed
by Kapil Sibal,
Minister for
Science and
Technology.
The small and
medium business
(SMB) segment
is an important
growth component
of the economy.
For their own
growth, SMBs
need to leverage
the power of
ICT, which in
turn will help
boost the domestic
IT demand. We
carry an India-Brazil
ICT study in
this regard.
An eagerly awaited
annual event
on India's IT
calendar is
the annual NASSCOM
India Leadership
Forum. The Leadership
Forum 2007 will
be held in Mumbai
from 7 to 9
February 2007
and the conclave
is divided into
35 sessions
in which more
than 150 eminent
speakers will
make presentations
on such issues
as leadership,
global sourcing,
technology and
innovation.
We carry a detailed
report. Genpact
is among the
fastest growing
BPO companies
in India. Taking
advantage of
India's export
incentive policies,
Genpact is setting
up three Special
Economic Zones
(SEZs) in three
states of Madhya
Pradesh, Orissa
and Rajasthan.
The issue carries
the report as
part of Genpact's
expansion plans.
India's western
State of Maharashtra
has always been
in the forefront
in industrial
development
and in attracting
direct foreign
investment.
In the focus
section of the
magazine, we
highlight Maharashtra's
overall economic
progress. Small
entrepreneurs
have always
been treated
by banks with
caution if not
suspicion. But,
Global Trade
Finance Ltd,
a subsidiary
of Export Import
Bank of India,
has not only
been liberal
in extending
export credit
to small players,
but also gone
further by offering
e-loans, which
can be obtained,
online. We carry
a story. At
a global level
Goggle and Bosky
have entered
into a tie-up
for carrying
the former's
search engine
on the latter's
broadband. A
report. Apart
from these,
the current
issue carries
outsourcing
news, both local
as well as global.
Wish you happy
reading
Satya
Swaroop
Managing Editor
satya@newmediacomm.biz
