PM's address at NASSCOM 2007: India Leadership Forum

12 Feb '07

3 min read

Following is the text of the valedictory address delivered by the Prime Minister, Dr. Manmohan Singh, at NASSCOM 2007: India Leadership Forum in Mumbai:

“I am delighted to be here at this very important gathering of the leading lights of an industry which is the torch-bearer of India's image in the world, an image which is increasingly positive and commands ever-increasing respect and admiration. You very appropriately call your gathering a “leadership forum”.

Your industry has indeed provided great leadership to Indian enterprise and creativity in the past decade. I commend you for your good work and wish you the best in years to come. I am sure that for each one of you the best is yet to come.

The entire gamut of Information Technology related services - including software and services, data and business processing services and IT enabled services - have emerged as a large knowledge-based sector of our economy. The industry has not only come into its own, both in terms of investment and employment, but is also having a positive knock-on effect on other manufacturing and services sectors.

It is contributing to increased productivity and competitiveness across a wide range of activities. I compliment the entrepreneurship, the creativity, the professionalism and the energy of all the professionals and business leaders associated with this sector.

Forums like yours are important opportunities for reflecting on the present situation of the industry, on its future outlook, and on the challenges ahead. In the past, this sector has grown with little involvement of the Government. Possibly as a result, it has been one of the most open sectors with little in terms of regulatory constraints.

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