Something went wrong with the connection!
 Breaking News
  • NO JOKE THIS Kapil Sharma has really got married India Post News Service Jaswant Singh Gandam PHAGWARA/JALANDHAR: One of the most loved standup comedian- turned -actor Kapil Sharma’s marriage with his college time...
  • Akshaye Khanna’s mother Geetanjali passes away MUMBAI: Geetanjali Khanna, the first wife of late Bollywood actor Vinod Khanna and the mother of actors Akshaye and Rahul Khanna, has passed away, hours after complaining of uneasiness. She...
  • 2 Indians among 5 running movie piracy ring LOS ANGELES: Two Indians are among five men charged in the US for allegedly running an international piracy ring that distributed major movies and television shows prior to their official...
  • Statue of Bhupen Hazarika unveiled BOLUNG, Arunachal Pradesh: A statue of Assamese music icon Dr Bhupen Hazarika, who brought the Northeastern region to the rest of the country through his songs, was unveiled here in...
  • ‘Gully Boy’ to premiere at Berlin Film Festival BERLIN: Zoya Akhtar’s next directorial “Gully Boy” will have its world premiere at the 2019 Berlin Film Festival. The film, starring Ranveer Singh and Alia Bhatt in the lead roles,...
  • Tough times for desi comics, but it’s getting better NEW DELHI: While Batman, Superman, Deadpool and Hulk among other comic book heroes can be found pretty much at every stall at the Delhi Comic Con, but where the Indian...
  • Alia, Varun are kids’ favorites Alia Bhatt, Deepika Padukone, Sonakshi Sinha, Varun Dhawan, Kartik Aryan and Ishaan Khatter walked the orange carpet of the Nickelodeon Kids’ Choice Awards 2018. From the looks of it, it...
  • Need to respect art in public places: Puri NEW DELHI: Union Minister Hardeep Singh Puri has emphasized on the need to create an environment in the national capital where people respect and value public art. At the second...
  • Sanctuary Award for conservationist Imran Siddiqui NEW DELHI: Hyderabad-based conservationist Imran Siddiqui has been honored with this year’s Sanctuary Wildlife Service Award, Wildlife Conservation Society (WCS) has said. Siddiqui, who is an Assistant Director for Conservation...
  • Many Indians learning Korean language NEW DELHI: Popularity of Korean language in India seems to be growing with many youngsters learning it after being fascinated by K-pop, a popular genre of music of that country....

Indian start-ups have potential to be world-class organizations: Rishad Premji

Indian start-ups have potential to be world-class organizations: Rishad Premji
May 28
13:17 2018

Rishad Premji, chief strategy officer and executive board member at Wipro Ltd

NEW YORK: Start-ups in India will see substantial growth over the next decade and many of them will turn into world-class organizations to lead the next phase of building “brand India” in a broader technology landscape, Nasscom Chairman Rishad Premji said.

Premji, Chief Strategy Officer and Member of the Board at Indian IT services giant Wipro, called for enhancing the lens beyond just thinking and looking at the IT services landscape but also to focus on other ecosystems of capabilities that are thriving in the country. He expressed optimism over the future of the start-up ecosystem in the country.

India has over 5000 start-ups today. I think over the next 8-10 years that number will grow substantially and many of them will be world-class organizations with world-class products, creating world-class employability and value and recognition and be the next phase in many ways of continuing to build brand India from a broader technology landscape, Premji told PTI in an interview here.

We should evolve our thinking just from the traditional IT services story to the broader technology story.

On the outlook for the Indian IT industry, Premji said he is very hopeful.

He cited a report titled Perspective 2025: Shaping the Digital Revolution’ by the National Association of Software and Services Companies (NASSCOM) which said the Indian technology and services industry is on track to reach its goal of USD 200-225 billion in revenues by 2020 and may even touch USD 350 billion by 2025.

Premji said this implicitly suggests double digit growth over the next 7-8 years.

I am quite hopeful that if we do many things right, one of which the skilling piece is, he said. There is huge opportunity for the industry not only to survive but to thrive over the next 8-10 years.

Premji noted that there is a dearth of technical talent everywhere in the world today and India is a large producer of technical talent, with a million engineers graduating every year in the country. Even if you assume half of those are employable, there are still 500,000 engineers every year and if you can channelize them correctly, you are still a huge source of talent, he said.

He asserted that talent still is a “big differentiator in the technology landscape, so I am hugely optimistic and hugely hopeful in terms of the opportunities that lie ahead for the technology industry, in the country.

With companies globally moving towards a new phase of digital transformation, Premji said the industry is sitting on the cusp of transformation, which is the digitalization of organizations.

The year 2018-19 is a moment of some acceleration and pivot where customers are moving from experimentation and prototyping around digitalization to industrial scaling. That presents a huge amount of opportunity globally for technology service providers and certainly Indian service providers as well. All of us in the IT services industry globally are gearing up to participate in that opportunity, he said.

Premji stressed that a major implication and enabler to participate in that opportunity is the right capability and talent. So skilling is a big focus for all organizations, he said adding that companies must now reskill and up-skill existing workforce in the industry. It is equally important that they then have the opportunity to demonstrate, enhance those skills through practical application.

We have got to think very closely about the intersection between new-age technologies and their usefulness to business, he said adding that innovating in technology on a stand-alone basis may not be useful to customers. Instead, how one can apply Artificial Intelligence, blockchain to useful scenarios for business is of paramount importance now.



Related Articles



Please disable your ad blocker to view this site at it’s best, we do not display spam advertisements (Popups & full Page Ads) or any explicit material.
Advertisements serve as a minor source of income for maintaining the website.

Submit Feedback – Website Department 



It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

Jac O’Keeffe
Spirituality teacher based in USA.

*Available on Amazon, Flipkart & other online stores*

Follow us on twiter


Will PM Narendra Modi now show some humility?

View Results

Loading ... Loading ...



Subscribe To Our Mailing List

Enter your email address:

Delivered by FeedBurner

Subscribe to IndiaPost by Email


Download Media Kit