epages News [Software Companies, July 2004]

• C M Dr.YSR plays down his opposition to role of Information Technology
• Majority of IIIT-H’s 2004 class students picked by Infosys
• Back to Software Companies Archives

C M Dr.YSR plays down his opposition to role of Information Technology

Jul 04, 2004: The issue of the state’s C M Dr Y S Rajashekara Reddy’s views on the role of I T in the state was put forward in the correct perspective during his address at a inaugural function of the new block of Jawaharlal Nehru Technological University (JNTU) at Kukatpally. He dismissed the stated view of his strident opposition to the prime role played by I T and said that he was neither against Technological advancement nor Information Technology.

Addressing the gathering during the function, he said that it was regrettable that rural infrastructure has not come up to modern standards and continue to lag behind. They contributed only 13% of the state’s GDP from 25% a decade back. The same despite the fact that 67% of the state’s population have their livelihood in agriculture.

He stressed that he was for improvement of rural infrastructure and not downsizing of Information Technology. He was pleased that the state exports software products worth Rs 5,000 crores each year. At the same time he urged them to look at neighbouring Karnataka which exports software products worth Rs 20,000 crores each year. The said glaring disparity can be set right if we provide a congenial and healthy industrial environment based on proper infrastructure and logistic base for entrepreneurs to invest their money.

Majority of IIIT-H’s 2004 class students picked by Infosys

Jul 08, 2004: Indian I T giant Infosys got into the ‘Pick the best and brightest’ mood and plucked the majority of IIIT, Hyderabad’s 2004 students, 68 in number out of 174 passed candidates. During the 2004 placement season, an amazing 221 offers were made to 174 passed students not just from Infosys, but also from known names as Satyam, Microsoft, Oracle, TCS, Quark India, Wipro, IBM, Adobe, etc. The job offers carried with it an alluring pay package that ranged from Rs 2 lakhs to Rs 5,2 lakhs, with the highest amount offered by Adobe.

It is also revealed that around 15% of 2004 batch have opted to pursue higher studies in technology and management in India and abroad and an estimated 45% of 2004 batch received multiple offers from both Indian and overseas companies