NASSCOM to focus on start-ups and small IT companies

You must have read the latest report that NASSCOM will focus on start-ups and small IT companies. This is a major development and is bound to create positive ripples in the Indian IT industry. I have seen many start-ups and small IT companies fold up because the support to sustain was not there. But things will definitely change for good with this stance of NASSCOM.

You might ask- what would be the great shakes if NASSCOM supports the start-ups and small IT companies? Well, one thing you should know-- it was NASSCOM, spearheaded by late Dewang Mehta, which revolutionized the Indian IT industry and acted as a strong catalyst in the emergence of India as an IT powerhouse. This latest development will give further boost to the Indian IT industry and I strongly believe will make the following possible:

• The main difference between the Indian and US IT industry is that we are providing the support whereas they were and are still innovating and are seen as innovators. And that’s one of the major reasons for the world to become so dependent on them. This support from NASSCOM will lead to a spurt of IT companies with innovative solutions. Earlier many start-ups and small companies with great ideas, innovative products and right motive, failed because the support was not there. 
• Our IT acumen is very strong but our entrepreneurial zeal is not that strong. In comparison to the western world, we have very few IT entrepreneurs. The reason varies from lack of support to fear of failure. But this development will encourage many Indians with innovative ideas and solutions to set-up shops. It will truly lead to a spurt of start-ups and small IT companies. 

Although this stance was long due, but it has come at an opportune time as the world is coming out of recession and people are looking for the next big idea or solutions. I foresee some great solutions and products coming out from the Indian IT sector in the near future. Additionally, I strongly feel that we should get together to support and encourage the entrepreneurial spirit lying dormant inside us and come out with companies that continuously innovate. In the IT world of the future—Innovation will be the key to success.