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Blasts not to hit IT sector: Nilekani

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July 12, 2006 20:40 IST

The serial blasts in Mumbai would have no impact on Indian IT industry, thriving on outsourcing, industry leaders said on Wednesday.

"I don't think the blasts will have an impact," Nandan M Nilekani, CEO and MD, Infosys Technologies said.

"We have seen terrorism across the world...New York, London and Madrid. It's a phenomena in many, many countries. India economic story is intact", he said.

Nilekani termed the blasts as "terrible and shameful act". The resilience, courage and dynamism with which Mumbai sprung back to life today was a tribute to the enormous strength and fortitude of Mumbaikars, he said.

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