IndiaJournal: Shan Nair Bags 2008 Outstanding 50 Asian Americans in Business Award

May 23, 2008
INDIA
ND JOURNA
N L
B
BUSINESS
B
SECTION
Computer Software Piracy PERSON OF THE WEEK
Shan Nair Bags 2008
Costs India $ 2 Billion
NEW DELHI - The Indian soft-
fore Indian compa-
Outstanding 50 Asian
ware industry lost about two bil-
nies do not make
lion dollars of revenue this year
money," an industry
due to use of pirated softwares, a
expert said.
Americans in Business Award
study has said.
Software piracy af-
A study by the Business Software
BY A.MATTHEWS
fects much more
Alliance (B.S.A.), an international
than just the indus-
NEW YORK, NY - Dr. Shan Nair
association representing the global
try revenues, it even
on May 5 was named the recipient
software industry, showed that
hits the job market
for the 2008 Outstanding 50 Asian
though computer software piracy
and eventually the
Americans in Business Award, pre-
rates in India declined, the coun-
country's economic
sented by the Asian American
try still registered losses to the
growth.
Business Development Center
tune of $2 billion in 2007 in mon-
An I.D.C. economic
(AABDC)
etary terms, compared to $1.28
impact study re-
The awards honor Asian American
billion in 2006.
leased in January
entrepreneurs and executives with
Piracy of software on Personal
this year found that
great achievements in business
Computers (P.C) in India has come
by reducing P.C. soft-
nationwide. Nair will receive the
down to 69 percentage points for
ware piracy in India
award at a banquet on May 28 at
2007, toeing the global trend in
by 10 percentage
The Waldof-Astoria here. The
which piracy rates dropped in
points over a period
2008 awards recognize achieve-
most countries, the study said.
of four years could
ments from 2007 and is the first
The software piracy menace has
generate an addi-
and largest business award pro-
been haunting the major software
tional 44,000 new
gram for the Asian American busi-
developers like Microsoft.
jobs, $3.1 billion in
ness community.
Microsoft (India) Managing Direc-
Microsoft India M.D. Neelam Dhawan
Contd. on B13
In an interview with India Jour-
tor Neelam Dhawan had earlier
nal, Nair reacting to the award said
said the industry is losing a large
India 2nd Largest Seller of he felt deeply honored to be se-
share of its revenue due to circula-
lected among so many outstand-
Shan Nair
tion of pirated softwares.
Carbon Credits Globally
ing Asian Americans and was look-
"They have an instinctive grasp of
It has also acted as an dampener
ing forward to the awards cer-
doing business and are often first
for the local software firms for de-
NEW DELHI - India has
"India and Brazil, at 6 per cent
emony and the opportunity to
or second generation with first-
veloping applications.
emerged as the second largest
market share each, transacted
meet other awardees.
hand knowledge about the hard-
"There are less Indian success sto-
seller of carbon credits in the
the highest volumes after
Asked why he felt Asian Ameri-
ships back home. Many come with
ries of software applications being
global market with six per
China in 2007," said the re-
cans were successful in business,
an `American Dream' in mind and
adopted on a large scale as India
cent share in 2007, while
port `State and trends of the
he opined that
are smart enough and persistent
has a high piracy rate and there-
China tops the list with a huge
carbon market 2008'.
Asian Americans often come with
enough to create their own suc-
73 percent, a World Bank re-
Certified emission reduction
a strong work ethic that suggests
cess," he added.
INSIDE THIS SECTION
port said.
Contd. on B13
not taking anything for granted.
Contd. on B13
India Bhutan Economic Engagement
to Touch Rs100 Billion
B4
US Law Center Offers Top Immigration Services
Indian Inflation Veers Out of
Practice of law started in 1998.
Control: Touches 7.83%
B4
By AMELIA M.
Attorneys Mike Sethi and Sanjay
ORANGE /CORONA - CA - The
Sobti are based in Southern Cali-
Speaking Freely: Challenges for
U.S. Law Center is a nationwide,
fornia with offices in Orange
Air-India
B13
full-service immigration law firm
County and Riverside County.
Speaking with India Journal they
DOLLAR / RUPEE
say they travel throughout the US
to meet with clients and attribute
RUPEES U.S.
their ` success to their thorough
Rs. 42.47 ............... $1
understanding of current and
M
evolving immigration law. Many of
ARKET WATCH
their clients come as referrals,
GOLD NY TRADING
which they consider a tribute to
$912.70 ......... 1 ounce
the responsive and personal service
that provides large corporations,
that is a hallmark of our practice."
SILVER NY TRADING
small businesses and individuals
The Law Center has grown over
$17.25 ........... 1 ounce
with a full range of immigration
the years to where it has offices in
processing and placement services.
Mike Sethi
Sanjay Sobti
Contd. on B14
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