NEW DELHI: Raw treatment meted out to Indian information technology sector by Union Finance minister P Chidambaram in his Annual Budget 2007 seems to have taken a toll upon the main lobbying body for Indian software, Nasscom with its president Kiran Karnik bowing out of office.
The decision, formally announced by Nasscom on Thursday, confirmed what was being talked about in hushed tones by the industry captains for the past few weeks.
In a terse statement, Nasscom said it had appointed search firm Korn Ferry to look for Karnik’s successor in consultation with him and key organisation members. This, it said, was part of the mission to “institutionalize” Nasscom through appropriate structures, systems and processes “for which well-defined HR policies had been laid down”.
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