IT sector growth back again: Infosys CEO
24 Jan 2011
Infosys CEO, Kris Gopalakrishana, yesterday said that growth was back again and most companies were hiring in large numbers.
Speaking at a discussion on "Sustainable Development Strategies" organised by College of Architecture, the Infosys CEO, said that the top five companies are expected to hire 1,60,000 to1,80,000 employees over the next 12 months.
He reportedly said that following the slowdown in 2008, most IT firms had stopped hiring and expanding.
He was delivering the keynote address on 'Sustainable Development Strategies for the Capital City (Thiruvananthapuram)' at the event.
"The IT industry has grown fast over the last 15 years. For example, the industry had about 1.50 lakh employees in 1993, around five lakh employees in 1999 and today, the industry employs around 2 million employees," Kris said.
He added that multinational corporations were also looking for market expansion in India and for back office set ups and many of them were looking at Tier II and III cities to for this.