Showing posts with label Narayana Murthy. Show all posts
Showing posts with label Narayana Murthy. Show all posts

Wednesday, October 27, 2010

Dont settle abroad - work in India - Narayana Murthy

Dont settle abroad - work in India - Narayana Murthy

BANGALORE: Youngsters looking to settle abroad, especially the US, courtesy IT industry should opt for career growth within India which offers larger growth opportunities than anywhere else in the world, Infosys mentor N R Narayana Murthy said on Tuesday.

"Somehow our youngsters have all assumed the idea of joining this industry is to go to US, get there, get an H1B, convert it into green card and settle down there. I think it is a wrong solution, a wrong strategy," he said while addressing a summit here.

Murthy said one expects youngsters to get good salaries and good disposal of income in India, for which they have to get good quality jobs here. "But their objective cannot be to go and settle down in some other country, especially the US."

"This time you have a great opportunity to consolidate and by working in India, by becoming a good quality professional you will sustain the advantage we have created and will make growth in India a permanent rather than a temporary feature."

On wooing back Indian talent, Murthy said there was no need to increase their salaries by 50 times to ensure this. But their lives could be made easier by providing schools, making sure that power condition and commuting is reasonably all right.

"This is being done by many countries in the world. This is nothing new. This is not rocket science," he said, adding there must also be attempts to ensure that the facilities are enhanced. "I think all state governments must make an attempt to say we will allow as many English medium schools as required because if you do not do so, then the children will not be able to move from one state to another."

Job opportunities available to children who go to English medium schools generally are seen to be of a higher quality and is a reality whether one likes it or not, he said. To get these section back, the combination of financial income coupled with comfort of living in India and with the family should be higher than the financial income and discomfort living abroad, he said.

When asked what his priorities would be if his name was proposed for the President's post, Murthy said: "In a parliamentary democracy like India, President is a ceremonial post. That is the reality."


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Friday, November 27, 2009

How to face slowdown ? NRN Advise


India needs to find a balance between remaining competitive and being financially secure and stable in a troubled economic climate, Infosys' Chief Mentor N R Narayana Murthy said in Mumbai on Friday.

"Despite the relative health of the Indian economy, we should be mindful of the fact that the danger of an economic downturn in India has not yet passed and situation could change rapidly," Murthy told reporters on the sidelines of an industry conference.

The Indian corporate sector, he said, has been extremely fortunate in escaping the worst of the global financial crisis. While America and other Western countries posted sluggish growth rates and witnessed spiraling unemployment, India's economy grew 6.8 per cent during the financial quarter in June, up from 5.8 percent in the previous quarter.

But "We must be alert and careful to temper our optimism with realism," the Infosys founder said.

To reduce sub-contractors

Infosys plans to reduce the usage of sub-contractors and do its work in-house, especially at cheaper offshore locations, Murthy said.

"We found during our reviews that a large number of client work had been outsourced to sub-contractors. In such cases, we decided to reduce the usage of sub-contractors and use our (own) facility," Murthy told PTI.

The company has also taken a new concept "more from the same", which will scrutinise budgets and look after areas where previously unnoticed expenses could be eliminated, he said.

Infosys believes that this new concept will benefit the company, its shareholders and its employees. During the second quarter of FY 10, the company saw a 2.9 per cent increase in revenues from the first quarter.

"Our new concept is to scrutinise budgets and operations which can yield surprising areas for improvement and produce significant results," Murthy said. Major expenses came to light related to non-billable travel and work, and to tackle this, the company recalled many of its employees working on-site in non-billable roles for its clients to off-shore locations which were cheaper, Murthy said.

Source : rediff.com

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