IT driven growth of the service sector is changing the State’s image: Wipro chairman

THRISSUR: Wipro Chairman Azim Premji has said that information technology-driven growth of the service sector is changing the State’s image. He was addressing a meeting to inaugurate the renovated office of the South Indian Bank here on Friday.He said that it was unfortunate that the State had an image that it was inhospitable to manufacturing industries and not generating employment. “The IT sector is now generating employment,” he added.

He said his company currently employed 1,800 people in the State and the number would go up to 2,500 within a year. “Wipro is on an expansion mode in the State. It will continue to invest here and generate employment,” he added. He criticised the farm loan waiver. “Farmers are among the most disciplined borrowers. Giving them freebies would upset the system.”Observing that financial inclusion was a key determinant of sustainable growth, he called for leveraging technology for better penetration of banking services in the country. He stated that the country’s rural poor should have improved access to finance.

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