India Aims to Double Revenue From Infrastructure Management Services
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India is targeting a larger share of the market for remote infrastructure management services, and is planning to more than double revenue from these services to $15 billion by 2013.
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The emerging nations of Brazil, China, India, and Russia together represented five percent of IBM's second-quarter revenue, and the vendor is looking for those revenue levels to double over the next four years.
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India's out-sourcing capital Bangalore is to get an $87m (Â£48m) new toll motorway in a fresh bid to tackle congestion.
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India&#39;s business process outsourcing companies could attain revenues of up to $50 billion by 2012, but the industry will need greater investments in education and infrastructure by the government, according to a new report released Tuesday.
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Reliance Communications, India's second-largest mobile operator, is seeking to raise as much as $1.5bn by listing its telecom infrastructure unit, in defiance of difficult conditions for fresh offerings after a sharp fall in stock markets.
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Indian firms are increasing their IT budgets an average of 13 percent this year, far more than the global average of 3.3 percent, research company Gartner said Wednesday.The country&#39;s domestic IT market is also forecast to grow at a five-year compound annual growth rate (CAGR) of 20.3 percent, reaching $24.3 billion by 2011.While there are fears of a global recession, India is showing rapid growth, said Peter Sondergaard, global head of research at Gartner, in a conference call.The increased spending by Indian CIOs is directed primarily towards building new business capabilities, with 30 percent of IT spending allocated to business growth and 19 percent to business transformation, Gartner said.Indian enterprises will make heavy investments in bringing the base infrastructure up to global standards, said Partha Iyengar, Gartner&#39;s head of research in India.A key problem for Indian CIOs is attracting and retaining quality staff, as they are competing with Indian and multinational IT services companies, Iyengar said.India&#39;s IT services market is forecast to grow to $10.73 billion by 2011 at a five-year CAGR of 23.2 percent, propelled by Indian companies that are outsourcing some of their work to other Indian and multinational companies due to staff shortages, Gartner said in January.
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Indian outsourcers already have a large share of outsourced application development and maintenance and are dominant in business process outsourcing. The country is now targeting a larger share of the market for remote infrastructure management services (IMS), and is planning to more than double revenue from these services to $15 billion by 2013.
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SAP has doubled its customer base in India over the last year, says Indian and Chinese markets are key.
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After decades on the sidelines, U.S. defense contractors are eyeing India's growing military budget and aging arsenal as a multibillion-dollar opportunity that could help offset a projected slowdown in Pentagon weapons spending and extend production lines for such items as the F-16 fighter.
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India's state-owned telecom provider signs $8.2 million contract with the company.
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Global networking giant Cisco Systems announced plans to make India a base for its globalization drive as it forecast the country could account for half its future workforce growth.
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Singapore says it hopes to double manufacturing output in 15 years even as regional competition heats up from lower-cost rivals such as fast-growing China and India.
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India's IT services market is growing rapidly as outsourcing emerges as local companies outsource more business functions.
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Indian conglomerate Tata is planning to take advantage of the country's booming economy with a chain of shops.
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Indiaâs IT services market is forecast to grow at a five-year compound annual growth rate of 23.2 percent, according to research firm Gartner.
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Pakistan and India agree to double the number of weekly passenger flights between the two countries.
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There is a need for substantial increase in both public and private investments if India has to achieve the projected 8 percent growth rate in the coming years, said an Indian industry study released on Sunday.