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With the availability of talent, entrepreneurial spirit and potential to leverage the technology to innovate, the country has huge potential for growth, feels N Chandrasekaran, chief executive officer & managing director of Tata Consultancy Services (TCS).
The situation will change in the immediate future as there are initial signs of global demand picking up, Chandrasekharan said at the fourth National Finance Conclave organised by the city-based KIIT School of Management.
"In 2012, the S&P 500 companies have delivered outstanding financial results. The total consolidated revenue of the top S&P 500 companies has grown about nine per cent to cross $10.4 trillion and the consolidated profits has grown by 17 per cent and crossed $1 trillion," he said.
There has been a distinct trend change in the micro indicators like rising auto sales and consumer confidence index in the last 20 quarters, Chandrasekaran stated.
He said, the transition of an economic era is presenting huge opportunities. "All we need to do is talent re-skilling, framing pro market policies and so on".
Speaking on the side-lines of the seminar, Manoj Panda, centre head (Bhubaneswar) of TCS said, "we will be adding 4000 more employees at the Bhubaneswar centre by next year and the infrastructure is ready to accommodate them."
The development centre of TCS in the city currently has a headcount of around 2,000 and handling about 40 projects, mostly overseas ones.
In the state, TCS is implementing the e-municipality project and the Odisha Secretariat Workflow Automation System (OSWAS).
The software major will be creating more facilities to accommodate 6,000 more employees by 2015.
"We are expecting to export around Rs 300 crore from this centre in this fiscal compared to Rs 220 crore in last financial year", Panda added.
