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India ranks third in NASSCOM ratings

NASSCOM stands for National Association of Software and Services Companies. This is a non-profit organization and a trade association of Indian Information Technology and Business Process Outsourcing industry. It was established on March 01,  1988 and registered under the Indian Societies Act,1860. It is the premier organisation that represents and sets the tone for public policy for the Indian software industry. NASSCOM is the brain child of esteemed Nandan Nilekani and Dewang Mehta. It is headquartered in New Delhi, India, and has offices in seven other cities—Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Pune and Thiruvananthapuram.

NASSCOM Membership provides a unique opportunity for an organisation and its professionals to engage and drive thought leadership. Its membership has grown over the years and currently stands at over 2000. There are several initiatives furnished by this organization which make it easier for startups and other prominent industries to establish themselves in this race. The initiatives include global trade development, sector skills council, national skills registry, domestic market, 10000 startups program and the centre of excellence for Internet of Things (IoT). There are also many Industry forums listed by NASSCOM. The list includes Gaming, BPM (BPO), global in-house centres, engineering services and remote infrastructure management.

According to its website, NASSCOM’s vision is to help the IT and IT enabled products and services industry in India to be a trustworthy, respected, innovative and society friendly industry in the world.

According to the new report, “Indian Startup Ecosystem Maturing – 2016″ , published by NASSCOM-Zinnov India has emerged as the third largest startup base. US and UK are the top most contenders in the list. Furthermore, the report states that almost 1,400 new startups are expected by 2016. This accounts to increase by 8-10 percent from last year in the count. The report also finds that Bengaluru, NCR, and Mumbai continue to lead as the major startup hubs in the country. It also concluded that the startup base in India will grow 2.2x by 2020. This means there will be more than 10,500 startups by 2020 in India.

The report was revealed in the presence of C.P. Gurnani, Chairman, Nasscom; R. Chandrashekhar, President, Nasscom; Ravi Gururaj, Chairman, Nasscom Product Council and Pari Natarajan, CEO, Zinnov. This report covers other topics like the investors interest in the sectors related to health-tech, fin-tech, and edu-tech for vertical growth. With regards to student entrepreneurs, the report reveals an increased interest from them this year. A growth of 25 per cent has been witnessed in 2016 with over 350 start-ups being founded by young students. Around 650 startups were funded successfully with an amount close to USD 4 billion. Read Latest News.

R. Chandrashekhar, President, NASSCOM, said, “Technology start-ups are creating a new identity for India and its technological prowess. They are defining the way the world operates making life better and easier for people and businesses alike. Our start-up report is a testimony to the potential of the start-up landscape and the scope of growth and opportunity that India presents. Nasscom has always been working towards creating a heterogeneous bond between all stakeholders and craft a conducive and innovative environment for start-ups to grow.”

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India ranks third in NASSCOM ratings
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