Pre Budget Comments from Progress Software India

Hi,

 

Please find pasted the pre budget expectations for the IT industry from Mr. Ramesh Lognathan, MD and VP (Products), Progress Software India. Also attached is his picture.

 

 

Mr. Ramesh Lognathan, MD and VP (Products), Progress Software India says –

Every industry has a lot of expectations from the budget 2009 as the last one year has been very trying for the economy. IT industry in specific would expect the government to extend the STPI scheme for a few more years to help tide over the current crunch the industry is facing. The tax relief will help take some pressure off the companies that are already facing reduced business, severe pricing pressures and both driving profitability concerns. This becomes very critical specifically for SME organizations and as SMEs are surely going to be the growth drivers of tomorrow, government should seriously consider them in this budget

 

From a medium term standpoint, I would like to see the budget also encouraging domestic software companies to target more of the domestic market. Not so much as a protectionist measure, but more as a measure to encourage more active participation which till now has not been so encouraging. I would also expect government to encourage (and stimulate) IP creation. Pushing the industry beyond the present outsourced services focus to create packaged software and products would also help in placing India higher on the global IT map.

 

 

Ramesh Lognathan’s Profile:

Ramesh Loganathan, Managing Director (and Vice President- Products), Progress Software India brings with him 17 years of Systems engineering and R&D leadership experience in product development organizations. Right from the start, Ramesh has displayed ardent passion in all he did. His rich experience and inspiring leadership have contributed strongly to effectively managing the growth and direction of Progress Software India.

At Progress Software India, Ramesh is leading the product development at the India Development center, organized in a Centers of Excellence (COE) model with each center owning a suite of products in that competency. Ramesh is responsible for providing strategic guidance to all the product teams and scaling the product operations, with specific focus on cross-product considerations for the SOA and Data integration products.

Prior to Progress, he was the Vice President of Middleware Technologies at Pramati responsible for driving the product development, product direction and later the setup of the Technology Consulting business. Ramesh holds a Masters degree in Electrical Engineering (Control Systems) from Anna University, Guindy, India. He is now an accomplished Technologist and evangelist regularly speaking at workshops and seminars in India.

Progress Software Corporation (NASDAQ: PRGS) provides application infrastructure software for the development, deployment, integration and management of business applications. Progress Software India, Hyderabad is the second largest development centre of Progress Software, after the headquarters at Massachusetts, USA.

 

Regards

Meeta

Perfect Relations

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