Economy News

Azim Premji lauds the Hybrid Work Model over it’s competitive advantage

On Sunday, Azim Premji praised the hybrid model of work for its huge competitive advantage of bringing more women in the workforce.

The IT czar spoke at a session which the Bangalore Chamber of Industry and Commerce (BCIC) organized on February 21.

The government has actively curbed other Service Provider norms and SEZ that are key to sustenance of industry.

Additionally, this is where permanent hybrid model will have a huge competitive advantage.

He stated that over 90 per cent of the workforce in the country’s technology industry continues to work from home.

Moreover, the hybrid model aims to drive inclusive growth and better participation from all parts of the country.

This further includes greater number of women with flexibility to work from home.

Technology has played an important role in ensuring that the government’s social schemes and assistance programmes reached the mass population.

Moreover, Availability of digital infrastructure in tier-2 cities has helped many businesses to thrive.

Premji further emphasised the need for people to engage in some acts of philanthropy and charity.

He suggested the government involve the private sector to supplement its effort of vaccinating people.

March 31, 2021 ending will see the country’s IT sector growth at 2.3 percent and $4 billion revenue to its exports.

Continued progressive policies of the government will boost the sector’s growth and augment it’s development.

Premji stepped down as Wipro chairman and managing director in 2019, and handed over the company’s reins to Hisson Rishad.

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