NEW DELHI (Asia Pulse)--The National Association of Software and Services Companies (Nasscom) welcomed the federal government decision to set up Media Lab Asia saying it will act as a facilitator for India to emerge as a technology hub globally.
"India is today recognised as an ideal destination for software outsourcing. The launch of Media Lab Asia will act as a facilitator for India to emerge as a technology hub for the world," Phiroz Vandrevala, chairman, Nasscom said.
Vandravala said the launch of Media Lab Asia project in the country had come at the right time, as the domestic IT industry required to focus on invention, refinement and deployment of invention to meet the challenges in healthcare, education and enterprise, according to a Nasscom release.
Stating that the project will play a significant role in proliferation of IT applications and latest technologies, Nasscom Vicechairman Arun Kumar said," technological innovation coupled with research and development culture at Media Lab will propel India to become a centre for innovation".
Media Lab Asia, a joint initiative of Ministry of Information Technology (MIT) and US-based Massachusetts Institute of Technology launched in Mumbai will focus on next generation research and development technology in entertainment, video, music, computer graphics on one hand and in rural application for sustainable rural development on the other.