NASSCOM Full Form
NASSCOM Full Form-What is NASSCOM ? A Guide to the Indian IT Industry: It is an Indian non-governmental trade association and advocacy group focused mainly on Information Technology and Business Process Outsourcing industry.
NASSCOM Full Form is mentioned below :
|National Association of Software and Service Companies|
What is NASSCOM?
The National Association of Software and Service Companies or NASSCOM is an Indian non-governmental trade association and advocacy group focused mainly on Information Technology and Business Process Outsourcing industry. NASSCOM was set up in 1996 and is headquartered in Bengaluru. NASSCOM describes itself as an industry association with a vision to provide an enabling environment to enable the growth of IT services, products, business process outsourcing and training in India. How is NASSCOM organized? NASSCOM is run by a 31-member board. The Executive Council consists of 30 members and 10 members are invited as observers. Chairman of NASSCOM is Sunil Kanoria and VP President is Ravi Menon. The organisation has about 2,800 members in 74 cities across India.
What does NASSCOM do?
According to NASSCOM: “NASSCOM is a professional membership and advocacy organisation for IT and business process service providers and enablement organizations in the country and a leading voice of Indian industry in its global engagement.” NASSCOM hosts regular events to help its members to work together and to leverage each other’s strengths to give better services to clients. NASSCOM also runs industry initiatives such as India-Dubai, SAARC, Women in Tech, AppYempreneur and mentors women in the industry. The organization also maintains a website. When was it founded? National Association of Software and Services Companies was founded in 1982. Who are the members of NASSCOM?
Who is NASSCOM?
NASSCOM represents one of the largest companies in the Indian IT industry, TCS whose annual revenue is $16.9 billion in fiscal 2017 and is the world’s fifth largest company by market capitalization. NASSCOM was founded in 1989 as a not-for-profit industry association with the objective of providing leadership on policies and practices in the Indian Information Technology (IT) services sector. The primary objective of the association is to create a favorable business environment for IT companies and to expand the base of its members. Members of NASSCOM include prominent IT companies, such as Tata Consultancy Services, Infosys, Wipro, HCL Technologies, Cognizant, Wipro and several others, and foreign companies, including Accenture and Microsoft.
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Over the last 4 years, IT spending in India has been growing by an average of 12% a year. We expect it to remain strong over the next few years as the economy recovers from the slowdown and IT firms find new and creative ways to provide value to their clients. There is room for growth, and the future of the industry looks bright.
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