Nasscom Product Conclave showcases promising product start-ups

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Kochi: To evangelize the growing product start-ups ecosystem in the south, the National Association of Software and Services Companies (NASSCOM) organized its third regional edition of the Nasscom Product Conclave (South) in Kochi today which was inaugurated by Aruna Sundararajan IAS, MD of KSIDC.

Ravi Gururaj, Chairman, Nasscom Product Council said, “The Indian software product industry is growing exponentially, signalling a massive transformation. Keeping this in mind, the focus of the NPC is to provide a platform for Indian start-ups and emerging companies to access the support available in the ecosystem to build their markets, create performing teams and secure funding from investors. It’s a great time to be a Product Entrepreneur in India with the buzz in domestic and global markets. Nasscom is of the firm belief that the contribution made by product companies will grow manifolds resulting in a revolution in the landscape in terms of business stability, revenue growth and further innovation.”

V K Mathews, Chairman, Nasscom Kerala Regional Council & EC Member & Executive Chairman, IBS Group, said, “With the new Government in place, we are optimistic about addressing one of the long pending pleas of the IT industry. On the IT front, one of the most important priorities for the nation and particularly for Kerala is to promote the IT industry countrywide, ensuring inclusive growth. Today, over 90% of the IT output comes from the metros, with hardly any contribution from the Tier-2/3 cities of the country. Government can address this effectively by one policy change, which is by continuing the STPI export tax benefits to companies operating in Tier-2/3 cities, thus motivating IT companies to plan their growth in smaller cities. This will reduce the digital divide, improve inclusiveness and also serve to decongest the metro cities. Further, there will hardly be any tax loss to the Government due to this policy as there is no IT industry in these cities in the first place.”

The event witnessed a turnout of about 150 delegates from 95 participating organizations; showcasing why it is the right time to be a product entrepreneur in India. The conclave also highlighted interesting start-ups and emerging companies, who shared insights on the evolving segment.

Kerala IT News

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