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Indian Seamless
to setup plant in Australia
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05. INFOTECH |
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Indian
Software: A Progress Report |
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| The Indian software and
services export is estimated at Rs 78,230 crore ($17.2
billion) in 2004-05, as compared to Rs 58,240 crore ($12.8
billion) in 2003-04, an increase of 34 per cent. This
segment is expected to show robust growth in future also. |
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IT
exports are likely to grow by 30-32 per cent in
dollar terms during 2005-06. The production of the
Indian electronics and IT industry is estimated
at Rs 148,360 crore during 2004-05, as compared
to Rs 118,290 crore during the year 2003-04, a growth
of 25.4 per cent, according to government estimates.Export
revenues from ITeS-BPO grew from $2.5 billion in
year 2002-03 to $3.6 billion in years 2003-04 and
$5.1 billion in the year 2004-05. The number of
professionals employed in India by IT and ITeS sectors
is estimated at 1,045,000 as of March 2005.
According to the latest Nasscom-McKinsey survey,
which predicts that IT and ITeS would add 7 per
cent to India's GDP by 2010 along with creation
of 8.8 million new jobs, the export revenue from
the sector is projected to more than treble to $60
billion by 2010. TCS, Wipro and Infosys plan to
raise their workforce by a over a third in the next
12 months by hiring 50,000 employees. However, a
shortage of skilled workers will be staring the
Indian industry, particularly the BPO sector,
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in the face in the next decade, the Nasscom-McKinsey
report said. If these targets are achieved, the
IT sector would also account for over 44 per cent
of the export growth over the next five years, compared
with 12 per cent now, it said. The Nasscom-McKinsey
report predicts that IT and ITeS sector would add
7 per cent to India's GDP by 2010 along with creation
of 8.8 million new jobs.
While the offshore IT solutions business will grow
at 25 per cent to touch $35 billion in export revenues,
the BPO business will witness a CAGR of 37 per cent
to account for $25 billion of the projected $60
billion.
Following the footsteps of Infosys, Wipro and Satyam,
software firm Patni Computer Systems became the
fourth Indian software firm to be listed on the
US stock markets. Worlds' largest software company
Microsoft announced $1.7 billion investments in
the country for R&D, education, governance and
productivity. Its chairman Bill Gates, who visited
India in November for the fourth time in the last
five years, also announced increasing India headcount
to 7,000 from the current |
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4,000. NRI
consortium SemiIndia and chips major AMD together are
to set up a $3 billion semiconductor fab plant in the
country. Another US based software major EMC announced
an investment of $250 million in five years for its storage
software solutions in Bangalore. Cisco announced an investment
of $1.1 billion, Flextronics, the world's largest contract
manufacturer of electronics products, will invest $100
million on a telecom hardware unit and Aspcomomp setting
up a hardware manufacturing centre for $70 million. Infosys
and TCS landed a part of the $2.2 billion deal from Dutch
bank ABN Amro. While the TCS share was $260 million, Infosys
got orders worth $150 million. "This is the single
largest ever order and a landmark deal," both the
companies said.
The other Indian company Patni Computers also had a share
in the pie along with Accenture. TCS bagged a $847 million
back office outsourcing from British insurance and pension
firm spread over 12 years.
The Governemnt formed a group to look at amending the
IT Act of 2000 to close the loopholes. The committee has
submitted its report and has made data protection part
of the proposed legislation and revision on sections related
to the extent of liability of intermediaries (Network
Service providers) seeking certain amendments. The amendments
to the IT Act have been finalised and are being submitted
to the Cabinet for approval.
In the first quarter of 2005-06, sales of personal computers
touched 10.1 lakh units as against 9.29 lakh units sold
in the same period of the previous year. With these kind
of numbers Manufacturers Association of Information Technology
expects the PC sales to cross 42.5 lakh units in fiscal
2005-06 as against 3.3 lakh in 2004-05. |
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Nasscom
says innovation can add US$ 20 billion to IT exports
According to Indian IT body Nasscom India could potentially accelerate
the overall IT exports by almost US$ 15-20 billion by 2010, if it
focuses on multi-dimensional innovation.
According to National Association of Service and Software innovation
should cut across business models, knowledge and research areas,
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intellectual property
creation and scaling up the value chain within the existing services
streams both in software as also business process outsourcing (BPO).
TRAI panel proposes 74 per cent FDI in cable TV operations
The Telecom Regulatory Authority of India's Committee on Broadband
and Telephony over Cable TV Network has suggested allowing 74 per
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foreign direct investment in cable TV operations to bring it on
par with the policy governing cellular and fixed line telephone
operations. The committee's proposal is part of a TRAI consultation
paper, which seeks to revive discussion on a convergent law for
telecom and broadcasting sectors.
The paper has also suggested revamping the existing spectrum allocation
method to give way for flexibility to service providers.
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