N Chandrasekaran, chief executive, Tata Consultancy Services (TCS) and chairman-designate of Tata Sons, dismissed concerns surrounding the information technology (IT) sector here due to regulatory changes in America.
He also said constant comparison with product companies was not fair.
Normally guarded in his comments, he defended the nature of the sector’s focus. Asked why TCS could not become a products company and continued to focus on cost arbitrage, he said: “Let’s not rubbish the IT services industry. We should celebrate it. If you link it to labour arbitrage, you’d be doing great injustice and you’d be talking the 1980s, not 2017. Instead