Nasscom drafts 5 point agenda for Indian IT companies

Indian IT industry body Nasscom has prepared a five point agenda for the new Indian government.

Recent exit polls suggested that BJP-lead NDA will assume power in India shortly. BJP in its manifesto suggested several IT measures to improve Indian economy.

The objective of the exercise is to assist Indian IT companies to contribute in the development agenda within the country and to enable them in increasing their global foot print, PTI reported.


“We are suggesting (to new Indian government) to launch a technology entrepreneurship mission immediately, in which there are several different components which together will accomplish this purpose,” said R Chandrashekhar, president of the National Association of Software and Services Companies (Nasscom).

The Nasscom president was in the U.S. this week along with 27 Indian entrepreneurs, selected for their innovative startups, to give them exposure to the Silicon Valley.

The IT and software association wants the new government to focus on creating an ecosystem that accelerates the growth of small companies, growth of the product companies. One of the measures could be creating a system of funding for startups, and connecting them with academics and research and development.

Nasscom said the making domestic investment should become easier and simpler. Simplifying the rules and regulations including the rules regarding listing an IPO and taxation on stock options to employee of a company are also focus areas.

The new government needs to ensure that the rules for opening and operating the small business are far simpler than those are at the moment.

Prominent among other areas of Nasscom agenda is to promote the growth and global competitiveness of the IT industry by building new markets, expanding existing markets, focusing on skill development. Nasscom agenda also calls for taking steps to improve the general business environment in India.

Nasscom also recommends a set of futuristic policies that would catalyze the emergence of the digital economy and support growth of e-commerce and facilitate the online financial transactions etc.

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