- Nasscom expects the industry to deliver a strong performance next fiscal
- Companies are also focussing on re-skilling employees, says Nasscom chief
- The industry body had said the export would grow by 7-8% this fiscal year
"There is also a lot of re-strategising by the Indian companies as well," Mr Chandrasekhar pointed out.
He added that companies are also focussing on re-skilling employees on new digital technologies to drive growth.
"All of this should take full shape in the next few months... All of this would translate into more positive outcome in 2019," he said.
He also exuded confidence that the industry would be able to meet this year's growth target.
Outlining the industry's annual guidance in June this year, Nasscom had said the Indian IT export would grow by 7-8 per cent this fiscal year, same as the previous year, while the domestic infotech industry would expand at 10-11 per cent during the period.
A number of issues like stricter work visa regulations in key markets like the US and the UK and an uncertain business environment have been main concerns for the industry.
Mr Chandrasekhar said the industry should not be worried about protectionism as the number of visas issued has not changed.
Mr Chandrasekhar said that member companies are making investments in skilling their workforce in new areas like artificial intelligence and machine learning to ensure that revenues grow along with increase in efficiency.
The industry body is working with its member companies and the central and state governments to also set up centres of excellence (COEs).
"These CoEs are a platform to connect companies in these emerging areas, especially in terms of finding mentors. They are also zones of collaboration where teams can work together," he said.
Nasscom has already set up a centre focusing on Internet of Things or IoT in Bengaluru. The government has now approved an extension of that to three more centres in Gurugram, Ahmedabad and Visakhapatnam, he said.
"That extension is underway...and we are trying to systematically look at various applications of IoT in different areas, be in manufacturing, healthcare, agriculture, energy amongst others. Each of these centres will focus on certain domains," he added.
Put simply, Internet of things (IoT) refers to a network of connected devices, automobiles, consumer appliances and various gadgets with sensors that allow these machines to collect and exchange information.
Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on ndtv.com/elections. Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general elections. Election results will be out on May 23.