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February 10, 2001
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Money > Business Headlines > Report February 10, 2001 |
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'More US firms depend on Indian IT cos than ever before'Our Correspondent in Bombay More than 250 Fortune 1000 US companies now depend on Indian IT companies for their mission critical work," said Richard F Celeste, US Ambassador to India. "The partnership between India and the US has strengthened into a 'relationship' today because we share common values and devotion to democracy. This relationship is enabled by the revolution in technology and Internet," he said. "This is a kind of DNA infusion from Indian subcontinent to the United States. The percentage of Indian graudates coming to the US is increasing every year and more number of these students are coming back to India to work," said Celeste. He was speaking at the Nasscom 2001 international IT conference in Bombay recently. "The Internet has brought about an openness by migrating businesses to the open arena of the Web. This openness puts strength in our relationship. Then the IT revolution has also helped in removing bureaucratic hurdles. IT is the most advanced sector in India and the country has undoubtedly established itself as a global leader in this arena," he added. "However, IT poses a challenge and opportunity to every human endeavour. It allows every industry to become knowledge driven -- right from agriculture to construction. So I suggest you look at every industry as the information industry because every industry is driven by IT," Celeste said. Speaking about the digital divide, Celeste asserted: "I believe this is the time when Nasscom should propose a bi-national digital development code -- where people volunteer two years of their service from their country to understand, identify and formulate ways to overcome this divide. The fast economic development is widening this digital divide and I believe that the Indian government should take steps to fill the gap -- providing better transport system and health services should all form part of this initiative. I believe that Indo-US digital development code could effectively undermine the challenges that underline this problem." SEE ALSO: |
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