Kiran Karnik India Quotations

We intend to take up the issue with President Bush during his forthcoming visit to India (March 1). Since the US administration too understands our needs, we hope they address it. Indications are some moves are afoot in this direction.

India has very good teachers, especially in math and science. Also, these subjects are culture-free so it is comparatively easy for Indian teachers to teach them. Online tutoring is an area which shows enormous potential for growth.

Indian companies are not satisfied playing the second fiddle anymore. They are competing big with the global IT companies.

Though we have taken up the issue with the finance ministry a number of times, the issue is still hanging fire. The parent firms want a clarification on computing export profits generated by their Indian subsidiaries or vendors, as such a burden puts them at a disadvantage over other companies in the industry.

Though there would be no big impact of regulations on Indian companies but it is a matter of concern. It is a small step by the government to regulate and control....

A free trade agreement will complement both the economies. While their strength is the vibrant venture capital and marketing skills, the Indian IT industry is known globally for its vast and skilled manpower base.

Security has always been a priority for us. We have made continuous efforts to make India a secure outsourcing destination through various initiatives.

We are deeply concerned about the increase in levies on packaged software and on IT hardware, which will be a setback to efforts to promote IT utilization in the Indian economy and for vital applications like education and health.

In the short term, most of the Indian technology companies may look at innovation as a strategy to achieve higher growth.