Go Back   ManagementParadise.com | Management & Business Education Learning Platform Mirror View - Ebooks Links & Miscellenous Reading Material > Articles !!

IT Industry

Discuss IT Industry within the Articles !! forums, part of the Mirror View - Ebooks Links & Miscellenous Reading Material category; ...



Thread Tools Display Modes
IT Industry
 (1 (permalink))
rohit_pn will become famous soon enoughrohit_pn will become famous soon enough
Mumbai, Maharashtra
Management Paradise Newbie
Status: Offline
Posts: 139
Join Date: Aug 2005
Location: Mumbai, Maharashtra
Age: 33
Post IT Industry - May 18th, 2006

'IT Industry:

Overview: The Hardware Industry and the Software Industry are
two sides of the same gold coin representing India emerging as a
Global IT superpower.
India's IT market reached a turn over of US$ 16.2 billion in 2004-05

Exports: Exports of the Indian software and services sector
was Rs. 78,230 crore (US$ 17.2 billion) in 2004-05, up 34 per cent
from Rs. 58,240 crore (US$ 12.8 billion) in 2003-04

Employees: The number of professionals employed in India by IT
and ITES sectors is estimated at 10,45,000 as on March 31, 2005.

Role of Government:
1. The re-imposition of excise duty at 12 per cent on
computers increases the competitive advantage of domestic
manufacturers vis-Ã*-vis importers, since they can now avail
of credit of excise duty paid on inputs.

2. There is exemption of DVD Drives, Flash Drives and Combo Drives
from excise duty.

New Ventures:

1.The establishment of semiconductor fab, the growing interest of
some electronics companies looks promising ..Hyderabad and Pune have
moved a few notches up.

2.With infrastructure pressure on large metros, the emergence of some
new cities on the IT radar is heartening. Kolkata is showing signs of
growth and Chandigarh, Jaipur and Visakhapatnam are joining the
mainstream. Wipro, TCS and Satyam have evinced interest in
Visakhapatnam .
· .
Barriers to Overcome:

1.Lack of local availability of input material,
2. high interest rates,
3.customs duty on capital goods,
4.poor infrastructure,
5.longer and variable transit times
all add to uncertainty, delays and increased costs.
6.Lack of innovation

Global Overview:
To be globally competitive in manufacturing, the manufacturing
environment must enable -:

1.Increased flexibility in production;
2.Substantial reduction in time-to-market, as product life cycles
3.Sharp reduction in manufacturing costs;
4.Significantly reduced need for capital resulting in higher returns
on invested capital;
5.Ability to focus capital and intellectual property on core
6.Ability to start a new product company without competencies or
investment in manufacturing.

Some Major Players: Tata Consultancy Services Ltd
Infosys Technologies Ltd
Wipro Technologies
HCL Technologies Ltd
Satyam Computer Services Ltd

Focus Areas:

1.Enhancing the talent pool advantage -- focus on skill development
to better leverage the worlds largest working population.

2.Strengthening urban infrastructure in existing (tier I) and
emerging (tier II and tier III) cities and continued emphasis on
proactive regulatory reform to facilitate greater ease of doing

3.Driving a philosophy of operational excellence amongst industry
players (across the board) to ensure that India based delivery
sustains world-leading benchmarks in performance.

4.Catalyzing domestic market development.

5.Actively promoting an uncompromised agenda towards global free

6.Engineering and R&D,software products hold significant opportunity
for India—growing at 37% and 43%,respectively.

The industry (exports and domestic combined) is expected to touch Rs
247,000 crore (US$ 53.2 billion) by 2008 compared to Rs 87,000 crore
(US$ 18.7 billion) in 2003, thus growing at a CAGR of 23.1 per cent.

The Industry is forecast to grow more than fivefold over the next
five years(2005-2010,at a CAGR of 28 percent.

IT companies are expected to account for 8-10% of GDP by 2008.

Sources:Nasscom, IBEF, CRISIL report

Friends: (0)
Reply With Quote


Related to IT Industry

Similar Threads

Thread Thread Starter Forum Replies Last Post
Banking Industry devesh Business Environment (B.E) 19 April 19th, 2016 03:02 PM
logistics industry Neena Sankhe Elements Of Logistics 6 February 22nd, 2016 09:30 PM
Insurance Industry OldProjectsData Miscellaneous Projects 42 November 16th, 2014 03:43 AM
PR IN AUTOMOBILE INDUSTRY Harshal Shah Miscellaneous Project Reports 20 February 10th, 2012 07:12 PM
project on an industry vscores2005 Productivity and Quality Management 10 January 4th, 2012 11:49 PM

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off

ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.

Search Engine Optimization by vBSEO ©2011, Crawlability, Inc.