Latest news with #Nasscom
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Business Standard
15-07-2025
- Business
- Business Standard
Nasscom launches US CEO Forum to boost India-US tech collaboration
Industry body Nasscom has launched a special forum to deepen India-US technology collaboration and provide a platform to reinforce the bilateral tech corridor as a foundation for global digital transformation and inclusive economic growth. The Nasscom US CEO Forum was launched at the Consulate General of India in New York last week. Cognizant CEO Ravi Kumar has been named Chair of the Forum, while Amit Chadha, CEO and Managing Director of L&T Technology Services, will serve as Co-Chair. Conceived as a premier leadership platform, the Nasscom US CEO Forum aims to advance the technology and innovation partnership between India and the United States, one of the world's most forward-looking bilateral relationships, the industry body said in a statement. The forum will bring together leading Indian tech CEOs and key US stakeholders to drive strategic dialogue across innovation, enterprise, policy, and talent development. A major milestone for the IndiaUS tech corridor! the Indian Consulate said in a post on X on the launch of the forum which is a strategic platform to strengthen cross-border technology collaboration reaffirming India's position as a trusted technology & innovation partner. Consul General of India in New York Binaya Pradhan said in a statement that the creation of the platform is timely, and it has potential to act as a force multiplier for India-US tech partnership and the future of innovation, talent, and global leadership. Nasscom President Rajesh Nambiar said the US CEO Forum brings together industry leaders to foster meaningful collaboration, align with key stakeholders, and explore new frontiers in innovation, talent, and investment. As both nations look to shape a future driven by technology and shared values, the Forum aims to strengthen connections that generate lasting impact across economies, communities, and global markets, Nambiar said. The Nasscom statement added that through strategic dialogue, policy engagement, and thought leadership, the forum advances the broader vision of deepening bilateral trade, as outlined in the Mission $500 Billion by Prime Minister Narendra Modi and President Donald Trump. The initiative aims to more than double total bilateral trade to $500 billion by 2030. "The US CEO Forum will serve as a sustained engagement platform to reinforce the IndiaUS tech corridor as a foundation for global digital transformation and inclusive economic growth," the statement said. Addressing the forum's launch at the Consulate, New York City Mayor Eric Adams reaffirmed NYC's commitment to strengthening ties with India's thriving innovation ecosystem, the Consulate's post on X said. The newly formed forum's chair Kumar noted that we are at the cusp of a new tech era driven by AI and deep tech, and this Forum will act as a vital bridge to navigate that transformation and unlock shared opportunities. Addressing the event, Deputy Commissioner for the Mayor's Office of International Affairs Dilip Chauhan said India's tech community continues to play an important role in driving global innovation. "Many of your companies are not only dealing in digital transformation but also creating jobs and investing significantly in the US, especially in New York City, Chauhan said. The forum will also focus on advancing the IndiaUS tech partnership from collaboration to co-creation, unlocking the transformative potential of AI, semiconductors, clean tech, and future skills. It will explore how cross-border partnerships can build resilient, secure, and innovation-led digital ecosystems. The launch brought together leaders from tech, policy, and industry to advance the IndiaUS technology partnership.
Yahoo
10-07-2025
- Business
- Yahoo
Nasscom Launches US CEO Forum in New York to Strengthen India-US Tech and Innovation Partnership; Ravi Kumar S, CEO, Cognizant Appointed as Chair
NEW YORK, July 10, 2025 /PRNewswire/ -- In an era defined by digital disruption, frontier technologies, and global rebalancing, tech collaboration has emerged as a central pillar of bilateral engagement. The United States and India share one of the world's most strategic and future-facing technology partnerships. To further deepen this collaboration, Nasscom has announced the formation of The US CEO Forum at the Consulate General of India in New York. The Forum brings together leading Indian technology CEOs and influential US stakeholders to drive high-level strategic dialogue across innovation, enterprise, policy, and talent development. Nasscom also announced the appointment of Ravi Kumar S, CEO of Cognizant, as Chair of the US CEO Forum, with Amit Chadha, CEO and MD of L&T Technology Services, joining as Co-Chair. Conceived as a premier leadership platform, the Nasscom US CEO Forum aims to advance the technology and innovation partnership between India and the United States, one of the world's most forward-looking bilateral relationships. The Forum will also include other prominent leaders from the Indian diaspora, including, Mohit Joshi, CEO & MD, Tech Mahindra, Sudhir Singh, CEO & Executive Director, Coforge, Sandeep Kalra, CEO, Persistent Systems, R Srikrishna, CEO & Executive Director, Hexaware Technologies, Angan Guha, CEO & MD, Birlasoft, Vikram Sehgal, Co-Founder, Nagarro, Balkrishan Kalra, President & CEO, Genpact, Manish Tandon, CEO & MD, Zensar Technologies, Partha De Sarkar, Whole-time Director, Hinduja Global Solutions, Chinmay Pandit, Whole time Director, President – Americas, KPIT, Pranay Agrawal, Co-founder & CEO, Fractal, Srinivas Pallia, CEO & MD, Wipro, Mohit Thukral, CEO, Arise, and, Rostow Ravanan, Chairman & CEO, Alfahive. Rajesh Nambiar, President, Nasscom, said, "The launch of the Nasscom US CEO Forum marks an important milestone in deepening the India–US technology partnership. This platform brings together industry leaders to foster meaningful collaboration, align with key stakeholders, and explore new frontiers in innovation, talent, and investment. As both nations look to shape a future driven by technology and shared values, the Forum aims to strengthen connections that generate lasting impact across economies, communities, and global markets." Speaking at the launch, Amb. Binaya Srikanta Pradhan, Consulate General of India, New York, said, "We are delighted to host the launch of the NASSCOM US CEO Forum at the Consulate in New York. Creation of this platform is timely and it has potential to act as a force multiplier for India-US tech partnership and the future of innovation, talent, and global leadership." Through strategic dialogue, policy engagement, and thought leadership, the Forum advances the broader vision of deepening bilateral trade, as outlined in the Mission $500 Billion initiative by Prime Minister Narendra Modi and President Donald Trump. With technology as a key pillar of the TRUST agenda, the Indian tech sector is poised to play a central role in realizing this shared ambition. The US CEO Forum will serve as a sustained engagement platform to reinforce the India–US tech corridor as a foundation for global digital transformation and inclusive economic growth. It will also focus on advancing the India–US tech partnership from collaboration to co-creation, unlocking the transformative potential of AI, semiconductors, clean tech, and future skills. It will explore how cross-border partnerships can build resilient, secure, and innovation-led digital ecosystems. With the foundational theme "India Tech for America's Growth," the Nasscom US CEO Forum positions Indian technology industry as a strategic partner in shaping the digital century. About Nasscom Nasscom represents the voice of over $284bn technology industry in India with the vision to establish the nation as the world's leading technology ecosystem. Boasting a diverse and influential community of over 3500 member companies our network spans the entire spectrum of the industry from DeepTech and AI start ups to multinationals and from products to services, Global Capability Centres to Engineering firms. Guided by our vision, our strategic imperatives are to accelerate skilling at scale for future-ready talent, strengthen the innovation quotient across industry verticals, create new market opportunities – both international and domestic, drive policy advocacy to advance innovation and ease of doing business, and build the industry narrative with a focus on Trust, and innovation. And, in everything we do, we will continue to champion the need for diversity and equal opportunity. For more details visit our website or write to us at: comms@ Logo: View original content: SOURCE nasscom Sign in to access your portfolio
Time of India
07-07-2025
- Business
- Time of India
Nasscom to launch US CEO forum in New York to strengthen India–US tech and innovation partnership
The United States and India share one of the world's most strategic and future-facing technology partnerships. In an era defined by digital disruption, frontier technologies, and global rebalancing, tech collaboration has emerged as a central pillar of bilateral engagement, spanning artificial intelligence, cybersecurity, quantum computing, digital public infrastructure, green energy, and resilient supply chains. To further deepen this collaboration, Nasscom is launching the US CEO Forum at the Consulate General of India in New York on July 9, 2025. The Forum will bring together leading Indian technology CEOs and influential US stakeholders to drive high-level strategic dialogue across innovation, enterprise, policy, and talent development. Conceived as a premier leadership platform, the Nasscom US CEO Forum aims to elevate India–US tech collaboration by convening a cross-section of leaders from government, industry, investment, think tanks, academia, and the Indian diaspora. The Forum aligns with the broader vision of enhancing trade and economic ties reinforcing the $500 billion bilateral trade target outlined by Prime Minister Shri Narendra Modi and the U.S President Donald Trump and underscores the pivotal role of the tech sector in achieving it. The US CEO Forum will serve as a sustained engagement platform to reinforce the India–US tech corridor as a foundation for global digital transformation and inclusive economic growth. Rajesh Nambiar, President, Nasscom, said , 'The launch of the US CEO Forum marks a pivotal step in strengthening Brand India on the global stage. Indian technology companies are not only powering digital transformation across the US but also creating jobs, investing in local communities, and driving innovation that delivers real impact. This Forum will serve as a strategic platform to deepen partnerships, align with key stakeholders, and position Indian tech as a vital contributor to America's growth story.' The inaugural convening will feature prominent voices including Ravi Kumar S , CEO, Cognizant; Amb. Binaya Srikanta Pradhan , Consul General of India, New York; Rajesh Nambiar , President, Nasscom; Amit Chadha , CEO & MD, L&T Technology Services; Amb. (Ret.) Atul Keshap , President, U.S.-India Business Council; Anuj Kadyan , Senior Partner, McKinsey; Jason Oxman , President & CEO, Information Technology Industry Council (ITI); Justin Reynolds , Director for Tech Policy, US Department of State; Lisa Curtis , Director, Indo-Pacific Security Program, CNAS; and Malay Joshi , CEO, Americas One, Wipro—alongside several global CEOs, US enterprise leaders, policy experts, investors, and academics. The Forum will focus on advancing the India–US tech partnership from collaboration to co-creation, unlocking the transformative potential of AI, semiconductors, clean tech, and future skills. It will explore how cross-border partnerships can build resilient, secure, and innovation-led digital ecosystems. More than a single event, the Forum will drive ongoing engagements across US tech hubs such as Washington D.C., San Francisco, and Texas, building a strong network of champions for Indian tech in the US to foster growth, co-innovation, and policy alignment. With the foundational theme 'India Tech for America's Growth,' the Nasscom US CEO Forum positions Indian technology as a strategic partner in shaping the digital century.
Mint
07-07-2025
- Business
- Mint
Are firms wasting their money on AI agents?
Next Story Leslie D'Monte Most firms are still trying out AI agents, hailed by Big Tech as game changers. Analysts warn that many of these may be scrapped within two years as they hide high costs, uncertain returns, and weak risk controls. Can firms unlock value through human-AI agent teamwork? Google and Microsoft recently called AI agents the next big shift, unveiling Project Mariner, Gemini tools, Azure AI Foundry and NLWeb. Gift this article Why is Big Tech bullish on AI agents? Unlike basic chatbots, AI agents are autonomous systems that can plan, reason and complete complex multi-step tasks with minimal input—such as coding, data analysis and generating reports. Developers use them across IT, customer support, and enterprise workflows. Google and Microsoft recently called AI agents the next big shift, unveiling Project Mariner, Gemini tools, Azure AI Foundry and NLWeb. Salesforce, Amazon, IBM, and Meta are also building these platforms to automate workflows and enhance productivity. Nasscom has said 46% of firms are experimenting with AI agents, mainly in IT. Also read | Global poverty: How to deal with funding cuts What should firms be wary of? Many so-called agentic use cases today can be done with simpler tools, says Gartner, which predicts over 40% of such projects will be scrapped by 2027 due to high costs, vague value or weak risk controls. It adds that of thousands of vendors, only about 130 are seen as credible; and many engage in 'agent washing"—rebranding chatbots, robotic process automation (RPA), or assistants as agents without real autonomy. Most current systems also lack the maturity to deliver complex outcomes or sustained return on investment (ROI). Nasscom echoes this, noting 62% of enterprises are only doing in-house agent testing. Also read | How India's $12 bn R&D push could reshape its tech future How big is the market for AI agents? The global AI agents market, valued at $5.4 billion in 2024, is pegged to touch $50.3 billion by 2030, per Grand View Research. North America led with 40.1% revenue share, while Asia-Pacific is the fastest-growing region. Machine learning, single-agent systems, and ready-to-deploy agents dominated through tech, system type, and deployment model, respectively. Also read | Shades of grey: Inside the world of pre-IPO trading How can companies unlock real value? AI agent adoption is hindered by privacy concerns, regulation gaps, and limited focus on talent readiness. Integration with legacy enterprise software remains complex and costly. Regardless, Gartner predicts 15% of daily work decisions will be made autonomously by agentic AI by 2028, up from 0% in 2024. It also urges agentic AI-use only when the returns are clear. Nasscom sees strong potential in real-time decision-making and agility. Key focus areas include data governance and AI risk protocols. Also read | China's economy beats the gloom. Can it do more? Can humans make AI agents more effective? Though AI agents are designed to be autonomous, Nasscom's recent study of over 100 global enterprises reveals how businesses are transitioning from early-stage GenAI applications towards more goal-oriented, human-plus, AI agentic systems. It believes that to scale responsibly, enterprises must prioritize human-AI collaboration, trust and data readiness. Nasscom adds that most (77%) firms adopt AI agents with a 'human-in-the-loop" approach, reflecting the need for oversight and contextual judgment. Also read | Residential sales: Where have all the buyers gone? Topics You May Be Interested In Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Time of India
04-07-2025
- Business
- Time of India
Nasscom to launch US CEO Forum in NY to boost India-US tech, innovation ties
Academy Empower your mind, elevate your skills Industry body Nasscom on Friday said it is launching the US CEO Forum in New York that would bring together leading Indian technology CEOs and influential US stakeholders to drive strategic dialogue across innovation, enterprise, policy, and talent an era defined by digital disruption, frontier technologies, and global rebalancing, tech collaboration has emerged as a central pillar of bilateral engagement, spanning artificial intelligence, cybersecurity, quantum computing, digital public infrastructure, green energy, and resilient supply chains, the apex association for the IT industry United States and India share one of the world's most strategic and future-facing technology partnerships, it further emphasised."To further deepen this collaboration, Nasscom is launching the US CEO Forum at the Consulate General of India in New York on July 9, 2025. The Forum will bring together leading Indian technology CEOs and influential US stakeholders to drive high-level strategic dialogue across innovation, enterprise, policy, and talent development," according to the and beyond a single event, the Forum will drive ongoing engagements across US tech hubs such as Washington DC, San Francisco, and Texas, building a strong network of champions for Indian tech in the US to foster growth, co-innovation, and policy as a premier leadership platform, the Nasscom US CEO Forum aims to elevate India-US tech collaboration by convening a cross-section of leaders from government, industry, investment, think tanks, academia, and the Indian said that the Forum aligns with the larger vision of bolstering trade and economic ties, reinforcing the USD 500 billion bilateral trade target outlined by Prime Minister Narendra Modi and US President Donald Trump and underscores the key role of the tech sector in achieving it."The US CEO Forum will serve as a sustained engagement platform to reinforce the India-US tech corridor as a foundation for global digital transformation and inclusive economic growth," it Nambiar, President of Nasscom, said the launch of the US CEO Forum marks an important step in strengthening 'Brand India' on the global stage. Indian technology companies are not only powering digital transformation across the US but also creating jobs, investing in local communities, and driving innovation that delivers real impact, he noted."This Forum will serve as a strategic platform to deepen partnerships, align with key stakeholders, and position Indian tech as a vital contributor to America's growth story," Nambiar Forum will look to deepen India-US tech partnership from collaboration to co-creation, unleashing the transformative potential of AI, semiconductors, clean tech, and future skills. It will also explore how cross-border partnerships can build resilient, secure, and innovation-led digital ecosystems."With the foundational theme 'India Tech for America's Growth', the Nasscom US CEO Forum positions Indian technology as a strategic partner in shaping the digital century," the release said.
