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Tag: R Chandrashekhar

  • E-commerce players’ 2015 ad spends in India pegged at Rs 3900+ crore: NASSCOM

    E-commerce players’ 2015 ad spends in India pegged at Rs 3900+ crore: NASSCOM

    BENGALURU: E-commerce players would have spent approximately Rs 3900 crore (or $600 million) in India on advertisement by the end of 2015, as per the second edition of the start-up report released by the National Association of Software and Services Companies (NASSCOM) and Zinnov.

     

    The report titled “Start-up India – Momentous Rise of the Indian Start-up Ecosystem” was released on the side-lines of NASSCOM Product Conclave 2015 in Bengaluru.

     

    As per the report, the total funding in the India based start-ups is estimated to be nearly $5 billion by 2015.

     

    With 100 per cent growth in number of private equity, venture capitalists, angel investors along with a 125 per cent growth in funding over last year, the Indian start-up ecosystem has risen to the next level says NASSCOM. Various central and state government start-up initiatives are further supporting this progressive phase of start-ups in India.

     

    The Indian technology start-ups landscape has seen tremendous growth in the emergence of innovative start-ups and creative entrepreneurs. In terms of providing a conducive ecosystem for the start-ups to thrive, India has moved up to third position and has emerged the fastest growing base of start-ups worldwide. India is one amongst the first five largest startup communities in the world with the number of start-ups crossing 4,200, a growth of 40 per cent, by the end of 2015.

     

    NASSCOM president R Chandrashekhar said, “The maturing Indian start-up ecosystem is now contributing to the Indian economy in many ways. Apart from positively impacting the lifestyles of citizens involved, start-ups are now creating innovative technology solutions that are addressing the key social problems that India is facing and creating significant growth opportunities for every stakeholder.”

     

    Some of the key highlights of the report are as follows:

    India is the youngest start-up nation in the world- 72 per cent of the founders are less than 35 years old.

    More than 50 per cent of the 1200 startups focus on e-commerce, consumer services and aggregators.

    Nine per cent female founders and co-founders in startup ecosystem.

    Number of accelerators grew by 40 per cent from approximately 80 in 2014 to approximately 110 in 2015.

    Total funding in 2015 saw a growth of approximately 125 per cent over 2014.

    Number of PE/VCs investments have grown by 100 per cent over 2014.

    80,000 jobs created by startups.

  • NASSCOM partners Symantec for building cyber security skills in India

    NASSCOM partners Symantec for building cyber security skills in India

    MUMBAI: The National Association of Software and Services Companies (NASSCOM) and global cyber security company Symantec have signed a Memorandum of Understanding (MoU) for building cyber security skills in India.

     

    The initiative aims to develop world-class skilled and certified professionals. The MoU was signed in the presence of NASSCOM president R. Chandrashekhar and Symantec president and CEO Michael A. Brown.

     

    The development is part of Prime Minister Narendra Modi’s call at NASSCOM’s silver jubilee in March 2015 to focus on global cyber security challenges. Sector Skill Council (SSC) NASSCOM and DSCI along with Symantec will focus on developing five prioritized job roles in cyber security along with a master training program. Additionally, the program also intends to fund the scholarship for 1000 women undertaking the cyber security certification by NASSCOM.

     

    Chandrashekhar said, “This is a positive step towards our objective to address the cyber security issue at large. This partnership will enable the industry to map existing and future skills requirements and plug its demand-supply gap. The program will also focus on developing pioneering models for scaling capacity and enhancing employability through assessments and certifications. We would like to thank Symantec for coming forward for this crucial initiative.”

     

    With the rise of Internet related crimes, cyber security has become an area of focus for NASSCOM and its member organizations, and the association has launched several initiatives to promote data protection, security, privacy codes and standards. Also, the role of security professionals over the years has undergone major transformation, leading to a sharp rise in the need for a larger and more dynamic cyber security workforce. The demand for the workforce is expected to rise to six million (globally) by 2019, with projected shortfall of 1.5 million. Symantec and NASSCOM have collectively decided to address this issue. This initiative also aims to facilitate internships and placement of the certified candidates.

     

    Brown added, “With the rise in targeted attacks aimed at Indian enterprises and consumers, cyber security has become more important than ever before. As a leader in cyber security, Symantec is deeply committed to addressing the workforce skills gap in this area. With the partnership with NASSCOM, we are taking the first big step towards building cyber security skills in India. The initiative will also facilitate internships and placement of certified candidates, and is an extension in India of the Symantec Cyber Career Connection (SC3), a program launched last year to attract and train young adults and women in the field of cyber security.”

     

    With the global IT Security market estimated to be $77 billion in 2015 and grow at over eight per cent annually, NASSCOM has been actively working towards building capacity for the sector.

  • Former telecom secretary Chandrashekhar becomes Nasscom president

    Former telecom secretary Chandrashekhar becomes Nasscom president

    NEW DELHI: Former telecom secretary R Chandrashekhar took over as Nasscom, a body representing the $108 billion Indian IT-BPM industry, president on 6 January.

     

    He succeeds Som Mittal, who served as the president from 2007-13.

     

    “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, under whom a government IT department was set up for the first time, said.

     

    He said the future looks positive for the Indian IT-BPM industry as the sector is evolving dramatically in terms of scale, complexity and innovation.

     

    “Going forward, enabling radical transformation of key sectors in India through the use of ICT to increase access, enhance efficiency and enable innovation in the sector are going to be some of our priority focus areas,” he added. “The rapidly accelerating trend of innovation and entrepreneurship in the ICT sector impacts several domains and provides clear indicators that the journey has begun.”

     

    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 of Telecom commission and secretary of the Department of Telecom till March, last year. 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.