LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

IT industry should focus on developing new technologies

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Fri, Jul 27, 2018
09:26 pm
PTI
RELATED NEWS
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21
Budget 2021: HDFC Bank, other banks hail FM Sitharaman for these reasons; check details Budget 2021: HDFC Bank, other banks hail FM Sitharaman for these reasons; check details

Vice-President M Venkaiah Naidu today said the IT industry should focus on innovation and developing new technologies, apart from skilling the youth to provide gainful employment.

"There is also a need to infuse an entrepreneurial spirit among the youth and give a fillip to start-up ecosystem, he said at the 26th Annual Hyderabad Software Enterprises Association (HYSEA) Summit 2018.

The future lies in creating intellectual property (IP) and generating value for end-customers, he said.

"While large IT services companies, no doubt will continue to play significant role in the growth and sustenance of the industry, the future lies in creating IP and generating value for end-customers," Naidu said.

Hyderabad has been a major hub of IT in the country, he said, expressing happiness that there has been a significant growth in Hyderabad IT exports, which stand close to Rs 97,000 crore as against Rs 55,000 crore in 2014.

"I am aware that the growth is in line with the governments vision to reach Rs 1,20,000 crore by 2020," he said.

The IT industry in the country has generated tremendous number of jobs and gainfully employed lakhs of youth, he said.

"I understand that about 4.75 lakh people are employed by the IT industry in Hyderabad directly and about three to four times that number indirectly," he said.

Naidu urged the IT companies in the city to create Corporate Social Responsibility programmes that will ensure the well-being of the local communities.

Noting that sedentary lifestyles of youth, including those in the IT sector, are leading to many health concerns, he said the situation calls for a huge focus on ensuring the physical and mental wellness of employees.

The IT companies must encourage the employees to practice Yoga daily as it would help in overall health of an individual, he said.

Economic disparities and urban-rural divide are some of the grey and challenging areas in the country and it is the society's duty to work towards addressing them, he said.

"The philosophy of India is to wish prosperity of all (Sarve Jana Sukhinobhavanthu)," he said.

"....Indias GDP was 27 per cent of the worlds GDP ...before others came and looted us...but, India never attacked any country anywhere in the world in history," he said.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21
Budget 2021: HDFC Bank, other banks hail FM Sitharaman for these reasons; check details Budget 2021: HDFC Bank, other banks hail FM Sitharaman for these reasons; check details

LATEST NEWS

Why home buyers are attracted to Greater Noida; here we explain

SBI RD Calculator: Your Rs 1000 monthly savings can become Rs 1.59 lakh; check interest rate, penalty, other details at sbi.co.in

Big message! PM Narendra Modi says government has no business to be in business

JEE Main 2021: Paper-1 for B.Tech Exam (Shift-1) begins under strong surveillance! 6,09,889 candidates choose to write papers

Edelweiss maintains 'BUY' on Aarti Industries, SRF and Galaxy Surfactants, while maintaining a positive view on the speciality chemical sector

Asian Paints Share price: Edelweiss maintain buy rating with target price of Rs 3140

BOOSTER dose for Yes Bank! CDP rates ‘A-' (Leadership Band); achieves Environmental Management System certification for eighth year

Attention NEET 2021 candidates! Check expected exam date

Trading in Rakesh Jhunjhunwala Stocks II Technical levels decoded by Bonanza Portfolio

7th Pay Commission latest news: Central government employees alert! Your DA, PF, Gratuity, other allowance may change next fiscal

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved