Nasscom plans N2K event in Feb

The apex software industry body, Nasscom, is planning an annual event called "Nasscom 2000" (N2K), to focus on key technology tr...

The apex software industry body, Nasscom, is planning an annual event called "Nasscom 2000" (N2K), to focus on key technology trends in IT. The world’s richest Indian, Gururaj Deshpande, professor Krishan Palepu of Harvard Business School, Ian Pearson of British Telecommunications and N R Narayana Murthy of Infosys Technologies are some of the dignitaries scheduled to speak on the occasion.

The theme of the event will be "Millenium Convergence in IT" with focus on dot.com companies, software products and technologies, e-commerce and networking, IT enabled services, telecom and e-governance. It will have a dot.com pavilion for showcasing internet and e-commerce trends like e-banking, e-education, healthcare and e-retail.

"This is the world’s first mega IT event in the 21st century," Mehta said, adding that Y2K fears were holding back most players. The event will be held in Mumbai between February 2 and February 5, 2000. Delegations from 23 countries are expected to participate in the event.

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He termedthe Y2K compliance be achieved in India as "quite high". However, outside perception on India’s Y2K compliance was still mixed. He said most rating agencies had evaluated India in October, basing their findings on reports prepared in March.

On fears that software exports would be affected post-Y2K, he said only 6 per cent of the software exports came from Y2K conversion projects, while 16 per cent was from e-commerce in the first half of the current fiscal.

Regarding relaxedlisting norms for net companies, he said it could be waived if a recognised FI had up to 10 pc stake, or if the company had issued American Depository Receipts.

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