Archive for the ‘Telecommunication’ Category

IT Science & Technology

June 11, 2010

The value of information technology (IT) software exports from Tamil Nadu rose by 29 per cent in 2008-09 to Rs 36,680 crore in 2008-2009 from Rs 28,426 crore, a year ago. The employment opportunities generated by India’s information technology (IT) should be dispersed to all parts of the state, according to Tamil Nadu Finance Minister, Mr K Anbazhagan. Information technology parks are being established in Municipal corporations like Coimbatore, Madurai and Trichy. ‘TIDEL’ information technology Park at Coimbatore will be completed by May 2010 and will be established at an estimated cost of Rs 380 crore.

Syntel, Inc is planning to invest around US$ 50 million in its recently inaugurated global development centre located in Sipcot’s information technology (IT) special economic zone at Siruseri in Tamil Nadu. The centre, upon completion in the next two years, will provide jobs for over 10,000 professionals.

Significantly, the government has relaxed employment visa norms for the over US$ 60 billion information technology (IT) industry, allowing companies to hire foreign nationals as per their requirements.

Furthermore, the Indian information technology (IT) industry’s revenue from Germany, Austria and Switzerland could increase four fold to US$ 10 billion by 2020, according to a recently released NASSCOM report.

Delhi-based HCL Technologies Ltd has signed a US$ 500 million (Rs 2,225 crore) strategic pact with pharmaceutical major Merck Sharp & Dohme Corp. (MSD) for a period of five years. HCL will offer software-led information technology solutions, remote infrastructure management, engineering and business and knowledge process services to MSD.

According to Ms K Ratna Prabha, Principal Secretary, Information Technology and Communications Department, Andhra Pradesh is targeting to achieve an export turnover of Rs 70,000 crore (US$ 15.8 billion) and create direct information technology (IT) employment for 125,000 people by 2015.The state level technical committee (STC), headed by the secretary, science and technology (S&T) department of the Government of Orissa, has cleared eight more solar power projects with an aggregate power generation of 230 mega watts (MW).

Significantly, the success rate of incubated companies in India is 60-70 per cent, comparable to that in America, according to ‘First Status Report on Technology Business Incubation’, the first such survey conducted by the Department of Science and Technology (DST).Meanwhile, technology company IBM has tied up with Indian Institutes of Technology (IITs) in Delhi and Roorkee to jointly promote research in areas of common interest, like green technologies, energy-efficient computing and data mining.

Jajati Patro is a well-known Journalist, who collects and interprets data on the web for the global E-seva. These days he is working on Global Information Technology

Advertisements

Booming Business Sectors in India

May 10, 2010

The information technology IT spend in India is expected to touch US$ 67 billion in 2010, an increase of 14.1 per cent from 2009, according to the research firm Gartner Inc. By 2013, the IT market in India is expected to grow 11 per cent from 2009-levels. The growth will be driven by IT services, telecommunications, software and computing hardware. The domestic IT services sector, at US$ 6.1 billion, accounted for more than 10 per cent of the overall domestic information, communication and technology (ICT) market in India in 2009. It is expected to witness the strongest growth at 17.6 per cent among the four sectors.

The Indian government’s focus on infrastructure projects with IT dimensions will be a strong driver for overall IT growth within the country, according to Aman Munglani, principal research analyst, Gartner Inc. He also added that the growth of India’s Information Technology sector has been driven largely by domestic consumption, with the Indian PC market expected to grow 19 per cent in 2010 and by more than 21 per cent in 2011.

India is among the top four markets in Asia-Pacific, both in size and in its growth prospects for the next five years. The Indian IT security market is forecast to grow more than 20 per cent in 2010. Indian telecommunications services market revenue will reach US$ 41.4 billion in 2013, growing 7 per cent from 2009 to 2013.India’s Telecom sector will grow at a decent rate over long term, said Peter Elston, Strategist at Aberdeen Asset Management. He added that India’s penetration rate although has been growing very strongly.

Fast and moving consumer goods (FMCG) majors, Wipro Consumer Care and Lighting (WCCL) and Godrej Consumer Products Ltd (GCPL) are scripting new strategies to sustain growth momentum in competitive markets encouraged by the fourth quarter results. Wipro Consumer Care has kickstarted operations at its new manufacturing facility in Himachal Pradesh and the FMCG firm has invested around Rs 70 crore to set up this manufacturing unit which is now operational. Godrej Consumer Products, part of the Rs 12,000-crore Godrej Group, is chalking out a three-pronged strategy. It will lay stress on rural initiatives, extension of manufacturing facilities and hike in advertisement budget this fiscal. (Apr 28 – for conversion)

India’s premier electricity museum, CLP Electrodrome, has been inaugurated at the Science City in Ahmedabad by Gujarat Chief Minister, mr Narendra Modi. A joint initiative of the state department of science and technology, Gujarat Science City and CLP the largest foreign investor in the Indian power sector CLP Electrodrome is the state-of-the-art and highly interactive museum of electricity.