Bangalore: Indian software firms are being courted by American and European companies for research and developing solutions for fourth generation (4G) telecom products designed for deployment across the world, NASSCOM (National Association of Software and Service Companies) president Kiran Karnik said today (Oct 27, 2004).

"There is a lot of interest in 4G telecom solutions, these require lot of applications and they are run on software," Karnik told reporters in Bangalore on the sidelines of Indo-Swedish business meet organised by NASSCOM.

He said global companies were looking at Indian independent software vendors (ISV) for joint development of solutions and products, which were high-end in nature.

Karnik cited an example of a Pune-based telecom solutions firm which had produced software algorithms that enabled TV quality crisp video clips transmitted on a cellular phone.

He said the firm had deployed its solution with telecom players in Japan and Korea and was in talks with Swedish firms.

Earlier in his address Karnik said Swedish firms could leverage the huge talent in India to scale up their R&D in product development, and deploy both in their home country as well as in India.

He urged Swedish firms to use India's software and service capabilities in developing telecom solutions.

"You will see benefits coming very rapidly in terms of bringing down the time for development and costs," Karnik said, adding, "there would be more value added services from India."

Nasscom, Karnik said, was not revising the 30 per cent to 32 per cent growth over the $ 12.5 billion software exports target for this fiscal.

"30-32 per cent growth is achievable. The results (half-yearly of software companies) have given us the confidence that we will achieve," he said.