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It
is with profound
grief and deep
respect that
we bow our heads
to your memory.
Unassuming and
without fuss,
you oversaw
the growth of
New Media, the
sapling you
helped plant
and nurture.
You had seen
it blossom into
India's largest
publishing house
of bilateral
trade magazines.
Stunned as we
are at the suddenness
of your demise,
we rededicate
ourselves to
work for the
values you had
cherished and
the standards
you had laid
down for the
publications.
You'll forever
remain an inspiration
for us.
New
Media Staff
Dear
Reader,
Greetings.
One of
the most
heartening
economic
developments
that this
country
has witnessed
in recent
times
has been
the unprecedented
growth
of the
ITES-BPO
segment
of the
Information
Technology
industry.
It has
been growing
at an
annual
average
rate of
25 percent,
much to
the appreciation
of government
agencies
as well
as promotional
bodies,
especially
the National
Association
of Software
Companies
(NASSCOM).
The ITES-BPO
sector
is gearing
up to
generate
export
revenues
amounting
to $60
billion
by 2010.
This exponential
growth
of the
IT-ITES-BPO
industry
has thrown
up some
typical
challenges.
The gravest
of them
all is
the impending
shortage
of manpower,
estimated
to build
up to
500,000
by 2010.
The shortage,
which
is slowly
building
up, may
threaten
to slow
down the
pace of
the industry's
growth
in the
next few
years.
If the
gap is
not bridged
on a war-footing,
India
may slip
from its
pre-eminent
position
of being
the world's
number
one outsourcing
destination
in the
near future.
Acting
swiftly,
NASSCOM
is building
a national
ITES-BPO
cadre
to meet
the shortage
of manpower.
The cover
story
of the
current
issue
of Outsourcing
provides
an insight
into the
collective
endeavours
of all
the agencies
concerned
in tackling
the challenge
of manpower
shortage.
Animation
and gaming
is another
area of
software
development,
which
has caught
the imagination
of the
Indian
IT industry.
A feature
on this
segment
of the
IT industry
indicates
its rapid
progress
in the
recent
past as
well as
its future
potential.
On the
opinion
pages,
we present
the views
of two
eminent
Americans,
Steve
Ballmer,
CEO of
Microsoft
and Thomas
Friedman,
a columnist
with the
New York
Times,
both saying
that US
companies
have actually
benefited
by outsourcing
work to
Indian
firms.
The issue
also addresses
the concerns
of overseas
clients
about
data thefts
reported
recently.
Besides
all these,
the current
issue
also carries
plenty
of outsourcing
news from
India
and abroad.
Satya
Swaroop
Managing
Editor
Satya@newmediacomm.biz
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