IT-BPO sector will achieve growth target: Natarajan
Though global recession is giving sleepless nights to professionals in the country, NASSCOM chairman and Global CEO Zensar Technologies Ganesh Natarajan is unperturbed by the prevailing economic slowdown and has assured that IT-BPO sector will meet its growth target of 20 per cent this year.
“I don’t think there should be any major cause for worry over global recession. This year we were expecting to add 2,80,000 workforce. Instead we may hire 2,00,000 people,” Natarajan told Sakaal Times.
He said that majority of companies had performed well and he saw no problem in their future performance as well. “The growth may be slow but companies are certainly not shutting down, unless they are non-performers,” he said.
The NASSCOM chief dispelled fears on the anti-outsourcing sentiments that may be generated if Senator Barack Obama is elected US president and decides to end tax breaks for companies that ship US jobs overseas.
“We must not read too much into his statement. His emphasis is on rewarding companies generating employment in the US,” he said.
Natarajan voiced concern over the “knee-jerk reaction” of companies to adverse environment.
“I don’t agree with Jet Airways’ retrenching 2,000 employees overnight. I am a strong supporter of capitalism but we ought to be socially responsible. When there is a visible slowdown, we should be more watchful; reduce employee intake, cut wasteful expenditure,” the Zensar chief said.
Source : http://www.sakaaltimes.com/
