"I feel privileged and look forward to leading Nasscom in its next journey of achieving the vision and aspiration of $300 billion revenues by 2020. The opportunities are very vast at this particular juncture and exciting times lie ahead for the industry," Chandrashekhar said.
"The rapidly accelerating trend of innovation and entrepreneurship in the ICT sector impacts several domains and provides clear indicators that the journey has begun," Chandrashekhar said.
He added that changing models will bring compelling business innovations across key verticals such as banking, financial services and insurance, telecom, healthcare, education and social entrepreneurship. He said the Indian IT-BPM industry, which is primarily export-driven, is at an inflexion point as business models shift from traditional labour-based onsite-offshore model to cloud-based and off-premise solutions. Chandrashekhar was the Chairman, Telecom Commission and Secretary of the Department of Telecom till March. He held a variety of key assignments with many of them relating to the ICT sector, both at the Centre as well as state level. Earlier, he had established the first Department of Information Technology in the country in the state of Andhra Pradesh and was Secretary of the Department from June, 1997 to December, 1999.
Besides the National Telecom Policy 2012, he played a key role in the first National IT Policy and National Policy on Electronics during his dual role of IT and Telecom Secretary at the centre. A MSc graduate in Chemistry from IIT-Bombay, Chandrashekhar received a MS degree in Computer Science from the Pennsylvania State University, U.S. Mittal, who headed the industry body during the Lehman crisis in 2008 which impacted the Indian IT firms severely, said the years ahead are promising.
"The sector has transformed from being just technology providers and back end support to becoming strategic business partners. The industry weathered turbulence of the Lehman crisis and has come back on the growth trajectory.(PTI)