Tiruchy: The present slowdown in the IT Industry, especially move to downsize the staff strength, is temporary and the demand will come back soon, according to Padma Bhushan Kris Gopalakrishnan, former executive vice-president of Infosys and Chairman of Axilor Ventures,
He told newsmen soon after declaring opening the third Computer centre “Third I” at National institute of Technology-Tiruchy (NIT-T) on Monday that the environment of the IT sector at global level was sluggish due to various reasons like slowdown in the global economy and trade ties trouble between U S and China.
Moreover, he said the country's IT industry's annual earning is US dollars185 billion, of which the export turnover is US dollars 130 billion to 140 billion, “since our major earning through IT sector is export-oriented”. The global level setback was also slightly affecting India, he said. There are four million people are engaged in the IT industry across the country.
He said this year the IT sector planned to recruit two lakh people so that growth will come back soon.
To a question, he said the Country is maintaining top position in IT related services, R and D activities and out of top ten IT companies in the world, of which five are from India, he added.
Asked about the reason behind the slack in establishing IT industries in tier-two cities, he said the main reason was air connectivity and the staff want a job for their spouse, among other factors. Kris Gopalakrishnan urged that both the central and state should support the IT sector start-ups.
The NIT-T director Dr Mini Shaji Thomas, present on the occasion told newsmen that they were having already two computer centres established way back 1985 and 2016.
The ‘Third I’, the third computer centre of institute, is comprised of four big labs each with 132 high-end computers, a conference hall, two seminar halls, a meeting room, UPS room, maintenance rooms and staff rooms.