By Sarah Left, 3 May 2000 00:15
NEWS The Indian software industry has grown up, with ten or 15 companies waiting in the wings to launch on Nasdaq, according to Srinjay Sengupta, head of European operations at Infosys Technologies. In the past, India has been a source of cheap, skilled labour for US multinationals seeking to outsource software needs. But now Infosys - which was the first Indian software firm to launch on Nasdaq - expects to see other companies follow its lead. In an exclusive interview with silicon.com, Sengupta explained that many of the qualities that US multinationals have found attractive are now forming the basis of a homegrown IT industry in India. "For the last three or four years, a lot of US companies have realised that India is a very large provider of strategic solutions," he said. Sengupta added: "Companies have chosen to outsource operations in India largely because a lot of multinational organisations have found the quality of labour in India is very strong. Of course, coupled with this is the fact that there is a large IT shortage in the rest of the developed world." Sengupta also credited the country's government and its native IT industry with investing in the right training. You can watch the full interview in the Outsourcing Channel (http://www.silicon.com/a37240 ).
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