Chandrababu Naidu targeting US$ 2 billion in IT investments in Andhra Pradesh

index.jpgSource: LiveMint.com, Oct 10, 2017

Visakhapatnam: The Andhra Pradesh (AP) government aims to attract $2 billion of investments and create about 100,000 jobs in the information technology (IT) sector, chief minister N. Chandrababu Naidu said on Monday.

Addressing delegates at Blockchain Business Conference at Visakhapatnam, Naidu, who explained how his government is using technology to monitor work on a real-time basis, also remarked that “election is not a problem”, hinting that he was confident of winning the 2019 Andhra Pradesh elections thanks to various schemes introduced during his governance in the last three years.

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How the Indian IT services sector is seeking to make its biggest transformation

downloadSource: The Economic Times, Sept 14, 2017

Technology services businesses are used to change. Veterans in the $160-billion industry employing almost 4 million engineers fondly recal l how they caught up each time technology changed — from client-server to business software (oh, that ERP!), web, internet, cloud and more. With each new generation (in tech, that can be as short as three years) they reskilled thousands, literally upgrading CVs as engineers diligently learnt new code.

In more recent years, though, the technology shifts have become tectonic. Growth is down to single digits from the high teens, even as companies in sectors from banks to automobiles consume more tech and look like technology firms themselves. Customers want the next digital tool that will help them stay ahead in the game and attract millennials to buy their products and services.

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Assam signs MoU with Google to boost Internet connectivity

download (2)Source: Business Standard, Sept 07, 2017

Guwahati: The Assam government on Thursday signed a MoU with Google India to take Internet connectivity to the remotest part of the north-eastern state.Chief Minister Sarbananda Sonowal said the government would work to provide Internet connections to 26,000 villages and 1,500 tea garden areas in Assam under the MoU and thus increase digital literacy.

Information Technology Secretary Nitin Khare and Goodle India Country Head (Policy) Chetan Krishnaswami signed the Memorandum of Understanding in the presence of Sonowal.

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Sweden poised to become key destination for Indian IT

Source: Business Standard, Aug 10, 2017

Bengaluru: Sweden has the potential to emerge as a market for Indian IT services industry, said a joint report by Nasscom, Business Sweden and Radar Ecosystem.

The IT industry lobby, Nasscom, said that the Nordic country has the highest GDP of $550 billion and been identified to have 40 per cent ($23 billion in 2016-17) share of the Nordic region IT spend.

Sweden, the country which is home to companies such as Truecaller, Candy Crush, Skype and Spotify, has a significant focus on digitisation with its government’s “Digital First” strategy.The report, Sweden a key driver of Nordic ICT growth, noted that with a strong underlying economic development, Sweden is witnessing the adoption of new delivery models, such as cloud computing and offshore delivery. “This is in congruence with IT industry, where adoption of new technologies is disrupting the IT space. With most Swedish firms embracing cloud computing at a rapid pace, a growing need for skills in the field is also on the rise. Another technology that is increasingly penetrating the Swedish markets is the Internet of Things (IoT) market in the vehicle, health, banking and logistics space,” said Nasscom quoting the findings of the report.

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Cloud services market to touch $1.8 billion as businesses ramp up IT infra

Source: Business Standard, July 12, 2017

New Delhi: In a data-driven age, Indian enterprises are constantly searching for a Cloud model that will best suit their needs. Taking over the traditional Software and Platform as a Service, Cloud infrastructure has taken wings owing to new IT spend coming from small and the mid-sized businesses.Indian businesses — large and small — are today rapidly embracing Infrastructure-as-a-Service (IaaS) to boost their performance and innovation levels.

According to Gartner, India’s Public Cloud services market is projected to grow 38 per cent in 2017 to hit $1.81 billion and the highest growth will continue to be driven by IaaS.

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Highlights of Trump orders on H-1B visa norms and what it means for India

Source: Business Standard, Apr 19, 2017

New Delhi: While on a visit to the headquarters of Snap-On Tools in Kenosha, Wisconsin, the US President Donald Trump ordered an interdepartmental review of the H-1B visa program on Wednesday. Buy American Laws – has one policy – Buy American, hire American and NEVER ever replace an American worker. Trump’s long-awaited executive order drew sharp reactions across the globe. Change in H-1B visa norms could affect companies, such as Tata Consultancy Services Ltd , Cognizant Tech Solutions Corp and Infosys Ltd , that connect US technology companies with thousands of foreign engineers and programmers. Read the rest of this entry »

IT ministry to promote digital transactions

Source: Business Standard, Feb 16, 2017

New Delhi: The works relating to promotion of digital transactions will be looked after by Ministry of Electronics and Information Technology (Meity), according to the new rules.

President Pranab Mukherjee has given nod to change government of India, Allocation of Business Rules, 1961, to delegate work of “Promotion of Digital Transactions including Digital Payments” to the Meity, an order issued by Cabinet Secretariat said.The Ministry is tasked with promotion of e-governance for empowering citizens, promoting inclusive and sustainable growth of the electronics, information technology and information technology-enabled services industries, enhancing efficiency through digital services and ensuring a secure cyber space.

The central government is emphasising upon digitalpayment, especially after demonetisation of old Rs 500 and Rs 1,000 notes and taking many steps in this regard.

The Union Cabinet chaired by Prime Minister Narendra Modi had in February last year given its approval for introduction of steps for promotion of payments through cards and digital means. The move aims at reducing cash transactions.

“Promotion of payments through cards and digital means will be instrumental in reducing tax avoidance, migration of government payments and collections to cashless mode, discourage transactions in cash by providing access to financial payment services to the citizens to conduct transactions through card or digital means and shifting payment ecosystem from cash dominated to non-cash/less cash payments,” according to an official press release issued then.

The Centre had in December 2016 decided on a package of incentives and measures for promotion of digital and cashless economy in the country.