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Posted by Manish Bahl on March 4, 2013
On March 4, 2013, NASSCOM, the industry association for the IT BPO sector in India, announced a restructuring plan to help realize its goal of India becoming a $300 billion industry by 2020. The restructuring plan is based on an independent committee’s recommendations, chaired by Infosys cofounder N.R. Narayana Murthy. Key highlights from the announcement:
It is evident from the announcements, which will be implemented in a phased manner, that NASSCOM is trying to strengthen its role at all levels of government and the private sector while addressing the concerns of its members. Forrester welcomes the restructuring plan from NASSCOM, as it will help the industry body strengthen its role within as well as outside of India. The more participatory model will provide the following benefits:
The committee has provided a 10,000-foot view to NASSCOM; now the industry body needs to ensure that it executes the vision well. I believe that NASSCOM must focus most immediately on the following key tasks to ensure that its 2020 vision stays on track:
The participatory approach announced by NASSCOM looks and sounds great, but now the hard work begins. Of greatest importance is that the right set of people are involved and empowered at all levels. The restructuring will be a radical change for NASSCOM; it needs to ensure that in addition to bringing in the right leaders, a mind shift of its own people takes place and a strong monitoring mechanism in place to ensure its vision is successfully executed. What’s your view on NASSCOM’s restructuring plan?
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