Businesses Fuel Tech Demand - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Software // Enterprise Applications
01:45 PM

Businesses Fuel Tech Demand

Growing demand for personal technology such as multimedia cell phones and PCs isn't the only thing fueling India's IT market. Growth in the country's domestic industries is, too. As sectors of the Indian economy--including auto-component manufacturing, airlines, pharmaceuticals, and telecom--expand, companies are upping the amount they spend on IT products and services.

Cisco's Chambers (left) and Dayanidhi Maranin, India's communications and IT minister. -- Photo by Mahesh Bhat/Getty Images

Cisco's Chambers (left) and Dayanidhi Maranin, India's communications and IT minister.

Photo by Mahesh Bhat/Getty Images
In a speech last fall, Cisco Systems CEO John Chambers said India could challenge China in terms of revenue from business customers within four years. Indian companies are more likely to buy complete "solutions" of hardware, software, and IT services than IBM's Chinese customers, who tend to buy "point products," says Inderpreet Thukral, director of strategy at IBM India.

Indian companies also are expanding through acquisition. Business airline Jet Airways last month said it would buy rival Air Sahara for $518 million. The deal comes as airline-passenger growth in India exceeds 20% a year. Generic drug maker Ranbaxy Laboratories last month said it's pursuing acquisitions in the United States and Europe. Last week, rival pharmaceutical company Dr. Reddy's Laboratories said it's bidding against Ranbaxy to acquire the fourth-largest German drug maker, Betapharm Arzneimittel.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Augmented Analytics Drives Next Wave of AI, Machine Learning, BI
Jessica Davis, Senior Editor, Enterprise Apps,  3/19/2020
How Startup Innovation Can Help Enterprises Face COVID-19
Joao-Pierre S. Ruth, Senior Writer,  3/24/2020
Enterprise Guide to Robotic Process Automation
Cathleen Gagne, Managing Editor, InformationWeek,  3/23/2020
White Papers
Register for InformationWeek Newsletters
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
Flash Poll