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Monday, January 10, 2011

IT will hire one crore people: Nasscom

"IT will employ one crore people," says Nasscom president Som Mittal. Global tech giants such as IBM, Cisco, Dell, Microsoft, Intel, Oracle, HP and Google have their largest employee base outside the US, in India -- tweaking code, developing software products, filing patents and now eying the local market.

Homegrown companies such as Infosys, Wipro, TCS and HCL, which never found a mention in global technology and business reports, are now on 'top quadrant' of Gartner, Forrester, Everest, BCG and others. 


TCS signed a $250-million contract with ABN Amro in 2005 and followed it up with Pearl Assurance deal worth $847 million. In a $250-million deal, Infosys acquired captive centres of Philips in 2007. The same year saw 66 PE deals in the technology space.

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