Financial Daily from THE HINDU group of publications
Tuesday, Jun 25, 2002
Financial Daily from THE HINDU group of publications Tuesday, Jun 25, 2002 |
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Info-Tech
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Trends Travel advisories to hurt, says Nasscom Our Bureau
NEW DELHI, June 24 THE National Association of Software and Services Companies (Nasscom) today announced that 70 per cent of the respondents to a telephonic poll commissioned by it have said that the ongoing Indo-Pak stand off has had no impact on their business in any way during the last three weeks. The remaining 30 per cent of the respondents saw a short-term impact due to delayed decision-making, signing of contracts being deferred and customer visits being postponed. A telephonic poll was conducted last week by Indian Market Research Bureau (IMRB) on behalf of the Nasscom to understand the reaction of the IT industry to the Indo-Pak stand-off. The target sample included 90 senior management personnel, especially CEOs/MDs/VPs in the software and services industry from Delhi, Mumbai and Bangalore. ``The software industry is highly reliant on exports and the travel advisories are acting as a major deterrent to conduct business. Since we have seen considerable de-escalation in the situation already, we are strongly stressing for the travel advisories to be lifted immediately,'' Mr Kiran Karnik, President, Nasscom, said in a statement here. ``We are already in communication with key partner country embassies and High Commissions to urge them to carry our views forward. A quick reversal of these advisories is key to India passing through this phase without facing a significant impact on business,'' he added. The poll also revealed that despite the ongoing stand-off, most of the companies have not made any amendments to travel policies. Seventy one per cent of the respondents said that their employees continued to travel to service their customers as usual, while the rest 29 per cent said that they had to make minor amendments in travel policies. With respect to the fallout of Indo-Pak tensions on revenues of their companies, over 14 per cent of the respondents revealed that they were having a negative impact on their business revenues while 56 per cent felt that they would have a negative impact if the stand-off continued. Twenty eight per cent felt that they did not see any affect on their business revenues in any manner. On being questioned whether the incident would affect the overall performance of companies for the year 2002, 21 per cent of the respondents revealed that they were already seeing some negative impact on their business. Sixty per cent said that they did not see any negative impact till now, but there would be some impact over the year if the stand-off continued and if the travel advisories were not lifted.
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