SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD FEB 05
MCX SILVER MAR 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD FEB 05
MCX SILVER MAR 05
MCX CRUDEOIL FEB 19
MCX NATURALGAS JAN 25
USD/INR
EUR/INR
GBP/INR
JPY/INR

Christopher Wood remains bullish on Indian markets despite run-up; prefers real-estate sector

Global Markets: Asia shares pare losses as China economy rebounds

Oil prices extend gains after US inventory drop

Wrapping 2020 with a subtle depreciation- What’s on the cards for the Rupee in 2021?

Business

Infosys' Salil Parekh explains how cloud ecosystems are being built across the globe on Indian model

Updated : February 12, 2020 08:46 PM IST

Infosys managing director and chief executive officer Salil Parekh on Wednesday said there are a lot of players which are now building cloud ecosystems with the way Indian companies started to build with different companies.

Parekh said: "One of the things that we start to see is in this area of cloud - there are lot of players who build cloud ecosystems with the way we have started to build within India with different companies, the way to switch between clouds, the way to create cloud independent growth scenario's that is quite innovative."

"Each of the companies here, many of the company's in the audience are doing that today and we are seeing that across all over client base and we see there is a huge amount of respect that clients have for that level of innovation that many of these companies bring to those clients."

Parekh said Indian companies are now at a stage where globally technology has become so relevant and the critical mass that collectively India has, all of the companies here, which are driving this change.

"So we are absolutely at the forefront of the change and the good news is there is so much new that is going on in what people are calling digital transformation and that is driving all of the change that we are putting in place. So it is a hugely positive optimistic view of the next 10 years."

Rishad Premji Chairman of Wipro, said. "I think two things are happening. One is you have young companies that are becoming true product companies coming out of India and it is still early days but I think that is happening and that is the challenge we keep getting which is - is India truly becoming an innovation hub if we don't have world-class companies coming out of India which I think is changing."

"For Wipro, our philosophy is more how do we leverage products and services in a combined manner, unlikely that we will become a product company or have large scale IT that we sell independently but how do we combine products and services and take productised services or business process as a service. That is the journey we are on but the journeys could be different for different stakeholders."

Indian companies are going to break the idea of Indian companies versus global companies. The reality is some of the global companies today have more people in India than some of ours have here, Premji said.

"So the concept is not about whether you are global or Indian, the reality is we are all multi-national companies."

Indian companies began with Indian heritage, so they can have more Indian talent compared to global companies, he said.

"I think that philosophy is completely changed. The other thing that has changed is it is not only technology companies that have a presence here, it is actually customers and end enterprises we were talking about earlier."

"I was talking with a customer earlier who is a large global bank and they have more people here, they are building a talent base here not for cost and quality but for strategic differentiation."

"So they would tell you don't walk our corridors of London and New York to get business, walk our corridors of Hyderabad, Chennai, Mumbai and Pune."

So the philosophy has changed dramatically, he added. "So I would not pile Indian companies and global companies separately because we are all leveraging a very similar talent base which is a very powerful and qualified talent base."

Rajesh Gopinathan MD & CEO of TCS, said: "Next decade is going to be about continuing to transform ourselves. We have had a tremendous journey over the last 20 years, many of the stalwarts are here."

"We acknowledge the 20 years of participation of NASSCOM here. If you look at it what we have done is, we have built up an enviable talent pool in this country."

"If you think back over a century kind of basis what industrialisation did to Europe, technology is doing that to India and the same role that Europe had in industrialisation from a global perspective India is at the cusp of making that kind of an impact to the world as we look at the next decade."

"So we are in a phenomenal position today compared to where we were when we started this century and it is up to us to reimagine where we can use this talent and this opportunity to drive the next ten years."

You May Also Like

India saw 19 IPOs worth $1.84 billion in 2020 December quarter

India saw 19 IPOs worth $1.84 billion in 2020 December quarter

Market-cap of 4 of top-10 valued firms jumps over Rs 1.15 lakh crore

Market-cap of 4 of top-10 valued firms jumps over Rs 1.15 lakh crore

Tata Power Solar wins Rs 1,200 crore order to set up 320 MW project

Tata Power Solar wins Rs 1,200 crore order to set up 320 MW project

Trending on CNBC-TV18

Live TV

recommended for you