NASSCOM Full Form

NASSCOM full form is the National Association of Software and Services Companies. NASSCOM, a non-profit industry association, is the apex body for India's 194 billion dollars IT-BPM industry, which has made a tremendous contribution to India's GDP, exports, employment, infrastructure, and global visibility. This industry employs the most people in the private sector in India.

NASSCOM has relentlessly supported the IT-BPM industry in its ongoing quest for trust and respect from various stakeholders since its inception in 1988, even as it reorients itself time and again to remain innovative, without ever losing its humane and friendly touch.

NASSCOM is focused on building the architecture critical to the development of the IT-BPM sector through policy advocacy, as well as assisting in establishing the strategic direction for the sector to unleash its potential as well as dominate newer frontiers.

NASSCOM's 3000+ members account for 90 percent of the industry's revenue, allowing the organization to spearhead initiatives at the local, national, and global levels. As a result, the IT-BPM industry has emerged as a global powerhouse.

Here, we are going to discuss the Nasscom full form.

What Nasscom Does?

We have already discussed the full form of Nasscom. NASSCOM is committed to expanding India's role in the global IT order by creating a favourable business environment, simplifying policies and procedures, fostering intellectual capital, and strengthening the talent pool.

NASSCOM, guided by India's vision of becoming the world's leading digital economy, focuses on accelerating the pace of industry transformation in order to emerge as the preferred enablers of global digital transformation.

Our strategic imperatives are to reskill and upskill India's IT workforce in order to ensure that talent is future-ready in terms of new-age skills, to strengthen the innovation quotient across industry verticals, to create new market opportunities - both international and domestic, to drive policy advocacy to advance innovation and ease of doing business and to build the Industry narrative with a focus on Talent, Trust, and Transparency. And we will continue to advocate for diversity and equal opportunity in everything we do.

Vision of Nasscom

To assist India's IT and IT-enabled products and services industry in becoming a trustworthy, respected, innovative, and societally friendly industry around the world.

Mission

NASSCOM's mission statement includes the following ideas:

• Recounting the adages associated with NASSCOM's ubiquitous raison d'être - 'Transform Business, Transform India'

• Through thought leadership, research, market intelligence, and membership engagement, you can be a change agent.

• Make India a centre for innovation, products, and start-ups.

• Collaborate with the government to shape policy in critical areas such as skill development, trade, the digital economy, and business services.

• Strategic alliances will broaden the industry's reach in its core markets and beyond.

• Serve as an industry platform for sharing and developing best practices, as well as for collaborative engagement.

• Facilitate growth while maintaining India's position as a trusted business destination.

• Increase the country's pool of relevant and skilled talent in order to promote inclusive and balanced growth.

Membership

Members of NASSCOM include Indian companies involved in software development, software services, and IT-enabled/BPO services. NASSCOM's primary role has been to ensure that service quality and intellectual property rights enforcement is properly implemented in the Indian software and BPO industries. As of June 2007, over 1,110 information technology companies in India were members of NASSCOM, which included both domestic software/ITES firms and multinationals operating in India.

Full Form of Nasscom

The NASSCOM full form is the National Association of Software and Services Companies. It is a trade organisation for the Indian IT and BPO industries. Its member companies primarily provide software development and services, as well as IT-enabled/BPO services. It has significantly boosted India's GDP, employment, infrastructure, and global visibility.

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It is a non-profit organisation based in New Delhi, India, that was founded in 1988. NASSCOM now has over 2200 members, who account for 90 percent of the industry's revenue. Around 300 members come from other countries, including the European Union, the United States, the United Kingdom, Japan, and China. It is regarded as a global powerhouse.

Raman Roy (Chairman and CEO of Quatrro) is the current chairman of NASSCOM (2017-2018). NASSCOM's current Vice-Chairman (2017-2018) is Rishad Premji (chief strategy officer and member of the Board of Wipro).

Events

NASSCOM organises a variety of events to provide a venue for developing companies to network and showcase their products or services. NASSCOM has organised a number of popular events, some of which are listed below.

• Product Conclave of NASSCOM

• Engineering Gatherings

• Summit of Global In-House Centers

• Summit on Big Data Analytics

• Summit on Diversity and Inclusion

The following are some of India's major IT and BPO companies that are registered with NASSCOM:

• CMC Limited

• Accenture Services Pvt. Ltd.

• IBM India Pvt. Ltd.

• NIIT Limited

• Wipro Technologies

• Dell Computer India Pvt. Ltd.

• HCL Technologies BPO Services Ltd.

• Wipro Technologies

• HSBC (India)

• Hewlett Packard (India)

• ITC Infotech Pvt. Ltd.